sba communications corporation (sba) is a leading independent owner and operator of wireless communications infrastructure across north, central and south america. founded in 1989 and headquartered in boca raton, florida, sba is listed on nasdaq under the symbol: sbac. by "building better wireless", sba generates revenue from two primary businesses - site leasing and site development services. •in our site leasing business, we lease antenna space on our multi-tenant towers and other structures to a variety of wireless service providers under long-term lease contracts. •our site development business offers wireless service providers and operators assistance in developing their own networks through site acquisition, zoning, construction and equipment installation. our principal operations are in the united states and its territories. in addition, sba owns and operates towers in brazil, canada, costa rica, el salvador, guatemala, nicaragua and panama. our expansion is driven by: •consume
Company profile
Ticker
SBAC
Exchange
CEO
Jeffrey Stoops
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
SBA Telecommunications, LLC • SBA Senior Finance, LLC • SBA Guarantor, LLC • SBA Monarch Towers I, LLC • SBA Infrastructure, LLC • SBA Properties, LLC • SBA Structures, LLC • SBA Sites, LLC • SBA 2012 TC Assets, LLC • SBA Towers IV, LLC ...
IRS number
650716501
SBAC stock data
Latest filings (excl ownership)
S-3ASR
Automatic shelf registration
29 Feb 24
8-K
Provides Full Year 2024 Outlook; and Declares Quarterly Cash Dividend
26 Feb 24
8-K
SBA Communications Announces Executive Officer Retirement and Appointments
2 Feb 24
8-K
Entry into a Material Definitive Agreement
25 Jan 24
8-K
Departure of Directors or Certain Officers
22 Dec 23
10-Q
2023 Q3
Quarterly report
7 Nov 23
8-K
Updates Full Year 2023 Outlook; and Declares Quarterly Cash Dividend
2 Nov 23
8-K
SBA Communications Appoints Marc Montagner as Chief Financial Officer
13 Sep 23
10-Q
2023 Q2
Quarterly report
3 Aug 23
8-K
Updates Full Year 2023 Outlook; Declares Quarterly Cash Dividend; and Announces Newly
31 Jul 23
Transcripts
SBAC
Earnings call transcript
2023 Q4
26 Feb 24
SBAC
Earnings call transcript
2023 Q3
2 Nov 23
SBAC
Earnings call transcript
2023 Q2
31 Jul 23
SBAC
Earnings call transcript
2023 Q1
2 May 23
SBAC
Earnings call transcript
2022 Q4
21 Feb 23
SBAC
Earnings call transcript
2022 Q3
1 Nov 22
SBAC
Earnings call transcript
2022 Q2
2 Aug 22
SBAC
Earnings call transcript
2022 Q1
26 Apr 22
SBAC
Earnings call transcript
2021 Q4
1 Mar 22
SBAC
Earnings call transcript
2021 Q3
2 Nov 21
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 232.08 mm | 232.08 mm | 232.08 mm | 232.08 mm | 232.08 mm | 232.08 mm |
Cash burn (monthly) | 7.81 mm | 3.98 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 46.69 mm | 23.81 mm | n/a | n/a | n/a | n/a |
Cash remaining | 185.39 mm | 208.27 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 23.7 | 52.3 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
67.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 534 |
Opened positions | 95 |
Closed positions | 181 |
Increased positions | 190 |
Reduced positions | 182 |
13F shares | Current |
---|---|
Total value | 16.32 tn |
Total shares | 72.53 mm |
Total puts | 52.70 k |
Total calls | 12.80 k |
Total put/call ratio | 4.1 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 17.28 mm | $4.38 tn |
STT State Street | 4.84 mm | $1.23 tn |
CNS Cohen & Steers | 4.05 mm | $1.03 bn |
PFG Principal Financial Group Inc - Registered Shares | 2.78 mm | $704.21 bn |
JPM JPMorgan Chase & Co. | 2.51 mm | $636.42 bn |
IVZ Invesco | 2.10 mm | $532.97 bn |
Brown Advisory | 2.09 mm | $530.49 bn |
Massachusetts Financial Services | 1.96 mm | $496.76 bn |
MS Morgan Stanley | 1.62 mm | $412.05 bn |
Dimensional Fund Advisors | 1.52 mm | $386.28 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 Mar 24 | Jason V Silberstein | Class A Common Stock | Payment of exercise | Dispose F | No | No | 216.5 | 382.58 | 82.83 k | 43,445.523 |
6 Mar 24 | Jason V Silberstein | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 1,034 | 0.00 | 43,828.103 |
6 Mar 24 | Jason V Silberstein | Class A Common Stock | Payment of exercise | Dispose F | No | No | 216.5 | 8,666 | 1.88 mm | 42,794.103 |
6 Mar 24 | Jason V Silberstein | Class A Common Stock | Option exercise | Acquire M | No | No | 115.17 | 16,465 | 1.90 mm | 51,460.103 |
6 Mar 24 | Jason V Silberstein | RSU Class A Common Stock | Grant | Acquire A | No | No | 0 | 5,994 | 0.00 | 5,994 |
6 Mar 24 | Jason V Silberstein | RSU Class A Common Stock | Grant | Acquire A | No | No | 0 | 5,993 | 0.00 | 5,933 |
6 Mar 24 | Jason V Silberstein | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 1,034 | 0.00 | 2,070 |
6 Mar 24 | Jason V Silberstein | Stock Options Class A Common Stock | Option exercise | Dispose M | No | No | 115.17 | 16,465 | 1.90 mm | 0 |
6 Mar 24 | Mark R Ciarfella | Class A Common Stock | Payment of exercise | Dispose F | No | No | 216.5 | 264.18 | 57.19 k | 33,588.382 |
6 Mar 24 | Mark R Ciarfella | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 714 | 0.00 | 33,852.562 |
News
B of A Securities Upgrades SBA Comms to Buy, Announces $260 Price Target
7 Mar 24
Barclays Maintains Overweight on SBA Comms, Lowers Price Target to $260
5 Mar 24
BMO Capital Maintains Outperform on SBA Comms, Lowers Price Target to $265
27 Feb 24
Looking Into SBA Comms's Recent Short Interest
27 Feb 24
US Stocks Pause, Alphabet Falls On Gemini Woes, Tesla, Bitcoin Rally: What's Driving Markets Monday?
26 Feb 24
Press releases
SBA Communications Corporation to Speak at the 32nd Annual Deutsche Bank Media, Internet and Telecom Conference
27 Feb 24
SBA Communications Corporation to Speak at 2024 Citi Global Property CEO Conference
22 Feb 24
SBA Communications Corporation to Speak at the Raymond James & Associates 45th Annual Institutional Investors Conference
21 Feb 24
SBA Communications Corporation Sets Date for Fourth Quarter 2023 Earnings Release
5 Feb 24
SBA Communications Announces Executive Officer Retirement and Appointments
2 Feb 24