BlackRock Inc. cut its holdings in shares of SBA Communications Co. (NASDAQ:SBAC) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,393,523 shares of the technology company’s stock after selling 171,936 shares during the period. BlackRock Inc. owned approximately 7.14% of SBA Communications worth $1,371,166,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of SBAC. Acadian Asset Management LLC bought a new stake in shares of SBA Communications in the fourth quarter valued at about $108,000. Sun Life Financial INC bought a new stake in shares of SBA Communications in the third quarter valued at about $127,000. Toronto Dominion Bank lifted its holdings in shares of SBA Communications by 9.5% in the second quarter. Toronto Dominion Bank now owns 1,487 shares of the technology company’s stock valued at $201,000 after purchasing an additional 129 shares in the last quarter. MAI Capital Management bought a new stake in shares of SBA Communications in the fourth quarter valued at about $204,000. Finally, Alps Advisors Inc. bought a new stake in shares of SBA Communications in the fourth quarter valued at about $206,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.
Shares of SBA Communications Co. (SBAC) opened at $169.12 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of -3.63. The stock has a market capitalization of $19,880.00, a PE ratio of 201.33 and a beta of 0.85. SBA Communications Co. has a 12-month low of $108.07 and a 12-month high of $177.67.
SBA Communications Profile
SBA Communications Corporation is an independent owner and operator of wireless communications tower structures, rooftops and other structures that support antennas used for wireless communications. The Company’s operating segments include site leasing and site development. The site leasing business includes segments, domestic site leasing and international site leasing.
Receive News & Ratings for SBA Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SBA Communications and related companies with MarketBeat.com's FREE daily email newsletter.