SBA Communications (SBAC)

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

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$236.00

Low target

$210.00

High target

$254.00

Latest filings (excl ownership)

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1 Nov 24

Updates Full Year 2024 Outlook; and Declares Quarterly Cash Dividend

28 Oct 24

8-K

Entry into a Material Definitive Agreement

11 Oct 24

8-K

Entry into a Material Definitive Agreement

2 Oct 24

8-K

Entry into a Material Definitive Agreement

2 Aug 24

Updates Full Year 2024 Outlook; and Declares Quarterly Cash Dividend

29 Jul 24

8-K

Departure of Directors or Certain Officers

10 Jul 24

8-K

Submission of Matters to a Vote of Security Holders

6 May 24

Transcripts

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SBAC

Earnings call transcript

2024 Q3

28 Oct 24

SBAC

Earnings call transcript

2024 Q2

29 Jul 24

SBAC

Earnings call transcript

2024 Q1

29 Apr 24

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 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

Latest ownership filings

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Brendan Thomas Cavanagh

Financial summary

Financial statements Chart SBAC financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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)	251.49 mm	251.49 mm	251.49 mm	251.49 mm	251.49 mm	251.49 mm
Cash burn (monthly)	10.55 mm	334.75 k	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	43.30 mm	1.37 mm	n/a	n/a	n/a	n/a
Cash remaining	208.19 mm	250.12 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	19.7	747.2	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

SBAC institutional ownership history Ownership history

95.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	668	633	+5.5%
Opened positions	92	80	+15.0%
Closed positions	57	86	-33.7%
Increased positions	248	240	+3.3%
Reduced positions	243	251	-3.2%

13F shares	Current	Prev Q	Change
Total value	22.75 tn	18.61 tn	+22.2%
Total shares	102.17 mm	101.08 mm	+1.1%
Total puts	101.20 k	131.00 k	-22.7%
Total calls	211.30 k	229.10 k	-7.8%
Total put/call ratio	0.5	0.6	-16.2%

Largest owners	Shares	Value	Change
Vanguard	17.40 mm	$4.19 tn	-0.4%
BlackRock	9.22 mm	$2.22 tn	NEW
STT State Street	4.64 mm	$1.12 tn	+1.8%
JPM JPMorgan Chase & Co.	4.23 mm	$1.02 tn	+16.2%
PFG Principal Financial	4.15 mm	$998.22 bn	-1.4%
Geode Capital Management	2.82 mm	$675.51 bn	+0.2%
Deutsche Bank AG - Registered Shares	2.28 mm	$548.15 bn	-0.3%
Diamond Hill Capital Management	1.72 mm	$413.77 bn	-12.9%
Massachusetts Financial Services	1.69 mm	$405.74 bn	-7.6%
Dodge & Cox	1.62 mm	$390.78 bn	NEW

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	0.00	-9.26 mm	EXIT
BlackRock	9.22 mm	+9.22 mm	NEW
Dodge & Cox	1.62 mm	+1.62 mm	NEW
Norges Bank	0.00	-1.34 mm	EXIT
Victory Capital Management	1.22 mm	+1.17 mm	+2821.5%
Man Group Limited	475.31 k	-718.46 k	-60.2%
CNS Cohen & Steers	1.45 mm	+715.47 k	+97.3%
Ubs Global Asset Management Americas	886.38 k	+700.79 k	+377.6%
APG Asset Management	63.35 k	-625.59 k	-90.8%
JPM JPMorgan Chase & Co.	4.23 mm	+589.07 k	+16.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SBAC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
28 Jan 25	Jeffrey Stoops	Class A Common Stock	Payment of exercise	Dispose F	No	No	207.94	116,279	24.18 mm	114,904.972
28 Jan 25	Jeffrey Stoops	Class A Common Stock	Option exercise	Acquire M	No	No	156.5	137,601	21.53 mm	231,183.972
28 Jan 25	Jeffrey Stoops	Stock Options Class A Common Stock	Option exercise	Dispose M	No	No	156.5	137,601	21.53 mm	0
22 Jan 25	Joshua Koenig	Class A Common Stock	Payment of exercise	Dispose F	No	No	204.36	2,305	471.05 k	6,078.254
22 Jan 25	Joshua Koenig	Class A Common Stock	Option exercise	Acquire M	No	No	156.5	2,724	426.31 k	8,383.254
22 Jan 25	Joshua Koenig	Stock Options Class A Common Stock	Option exercise	Dispose M	No	No	156.5	2,724	426.31 k	0
22 Jan 25	Brendan Thomas Cavanagh	Class A Common Stock	Payment of exercise	Dispose F	No	No	204.36	43,048	8.80 mm	56,060.787
22 Jan 25	Brendan Thomas Cavanagh	Class A Common Stock	Option exercise	Acquire M	No	No	156.5	50,212	7.86 mm	99,108.787
22 Jan 25	Brendan Thomas Cavanagh	Stock Options Class A Common Stock	Option exercise	Dispose M	No	No	156.5	50,212	7.86 mm	0
27 Dec 24	Joshua Koenig	Class A Common Stock	Gift	Dispose G	No	No	0	1,000	0.00	5,659.254