SBA Communications Corporation (SBAC) Faced Continuous Revenue Headwinds in Q1

Insider Monkey05-30

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. Mid-cap ...

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Mid-cap ...</p>\n\n<a href=\"https://finance.yahoo.com/news/sba-communications-corporation-sbac-faced-105310406.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SBAC","symbol_name":"SBA通信","start_time":0,"source_url":"https://finance.yahoo.com/news/sba-communications-corporation-sbac-faced-105310406.html","article_id":"2439461207","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/4XKO4aTyrUYQfGRZhKQHWg--~B/aD00MzA7dz03Njg7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/insidermonkey.com/e11a466455de11bd11ade1df025903a0"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2439461207","pubTimestamp":1717066372,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” first quarter 2024 investor letter.A copy of the letter can be downloaded here. Mid-cap stocks demonstrated strength carried over from the end of last year, delivering robust returns during the first quarter. Among the style indexes, the Russell Midcap Growth Index outperformed the Russell Midcap Value Index by a modest margin, with growth up 9.49% and value up 8.23%. All sectors in the Russell Midcap Growth Index delivered positive gains during the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.\"SBA Communications Corporation  operates as a real estate investment trust  with a focus on wireless communications infrastructure. The company continues to face revenue headwinds due to a leading wireless provider decommissioning surplus towers following its merger with another provider. This strategic move has adversely impacted the o","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SBAC":"SBA通信"},"translate_title":"SBA通信公司（SBAC）在第一季度面临持续的收入逆风","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SBAC":1},"content_text":"Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. Mid-cap stocks demonstrated strength carried over from the end of last year, delivering robust returns during the first quarter. Among the style indexes, the Russell Midcap® Growth Index outperformed the Russell Midcap® Value Index by a modest margin, with growth up 9.49% and value up 8.23%. All sectors in the Russell Midcap Growth Index delivered positive gains during the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.\nCarillon Eagle Mid Cap Growth Fund highlighted stocks like SBA Communications Corporation (NASDAQ:SBAC) in the first quarter 2024 investor letter. SBA Communications Corporation (NASDAQ:SBAC) is an independent owner and operator of wireless communications infrastructure. The one-month return of SBA Communications Corporation (NASDAQ:SBAC) was -3.86%, and its shares lost 15.55% of their value over the last 52 weeks. On May 29, 2024, SBA Communications Corporation (NASDAQ:SBAC) stock closed at $186.38 per share with a market capitalization of $20.025 billion.\nCarillon Eagle Mid Cap Growth Fund stated the following regarding SBA Communications Corporation (NASDAQ:SBAC) in its first quarter 2024 investor letter:\n\n\"SBA Communications Corporation (NASDAQ:SBAC) operates as a real estate investment trust (REIT) with a focus on wireless communications infrastructure. The company continues to face revenue headwinds due to a leading wireless provider decommissioning surplus towers following its merger with another provider. This strategic move has adversely impacted the outlook of SBA Communications’ future financial performance. We have sold the stock.\"\n\n Aerial view of tall antenna towers and the landscape around them. \nSBA Communications Corporation (NASDAQ:SBAC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 43 hedge fund portfolios held SBA Communications Corporation (NASDAQ:SBAC) at the end of the first quarter which was 41 in the previous quarter. SBA Communications Corporation (NASDAQ:SBAC) reported a 2.6% year-over-year decline in first-quarter revenue.\nIn another article, we discussed SBA Communications Corporation (NASDAQ:SBAC) and shared the list of biggest real estate companies in the US in 2024. In addition, please check out our hedge fund investor letters Q1 2024 page for more investor letters from hedge funds and other leading investors.\nIf you are looking for an AI stock that is as promising as Microsoft but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nREAD NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks.\nDisclosure: None. This article is originally published at Insider Monkey.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2439461207"}