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SBA Communications Corporation $SBAC Shares Bought by Citigroup Inc.
Citigroup Inc. significantly increased its stake in SBA Communications (NASDAQ:SBAC) during Q3, acquiring an additional 122,344 shares to hold a total of 203,176 shares, valued at approximately $39.3 million. Institutional investors collectively own 97.35% of SBAC shares. Despite recent price target reductions from several analysts, the consensus rating for the stock remains a “Moderate Buy” with an average target price of $235.18.