Sentry Investment Management LLC Buys New Holdings in SBA Communications Co. (SBAC)
Sentry Investment Management LLC bought a new stake in SBA Communications Co. (NASDAQ:SBAC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,349 shares of the technology company’s stock, valued at approximately $710,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Candriam Luxembourg S.C.A. grew its holdings in SBA Communications by 52.8% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 17,788 shares of the technology company’s stock valued at $2,906,000 after purchasing an additional 6,149 shares during the period. NuWave Investment Management LLC purchased a new stake in SBA Communications in the fourth quarter valued at approximately $228,000. Wealthstreet Investment Advisors LLC purchased a new stake in SBA Communications in the fourth quarter valued at approximately $1,232,000. LS Investment Advisors LLC grew its holdings in SBA Communications by 12.9% in the fourth quarter. LS Investment Advisors LLC now owns 4,448 shares of the technology company’s stock valued at $727,000 after purchasing an additional 508 shares during the period. Finally, KBC Group NV grew its holdings in SBA Communications by 26.4% in the fourth quarter. KBC Group NV now owns 144,623 shares of the technology company’s stock valued at $23,626,000 after purchasing an additional 30,235 shares during the period. Hedge funds and other institutional investors own 95.08% of the company’s stock.
Shares of SBA Communications Co. (SBAC) opened at $162.56 on Thursday. SBA Communications Co. has a 52 week low of $107.30 and a 52 week high of $177.67. The company has a debt-to-equity ratio of -3.63, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market cap of $18,973.63, a P/E ratio of 201.77 and a beta of 0.85.
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.
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