Mutual of America Capital Management LLC Has $2.99 Million Stake in SBA Communications Co. (SBAC)
Mutual of America Capital Management LLC trimmed its holdings in shares of SBA Communications Co. (NASDAQ:SBAC) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 18,283 shares of the technology company’s stock after selling 385 shares during the quarter. Mutual of America Capital Management LLC’s holdings in SBA Communications were worth $2,987,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Conning Inc. bought a new position in shares of SBA Communications during the 4th quarter worth about $327,000. MAI Capital Management acquired a new stake in shares of SBA Communications during the 4th quarter worth about $204,000. American Assets Capital Advisers LLC acquired a new stake in shares of SBA Communications during the 4th quarter worth about $1,144,000. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of SBA Communications during the 4th quarter worth about $263,000. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of SBA Communications by 407.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 46,934 shares of the technology company’s stock worth $7,668,000 after purchasing an additional 37,677 shares in the last quarter. 95.87% of the stock is owned by institutional investors.
Shares of SBA Communications Co. (SBAC) opened at $159.73 on Friday. The company has a debt-to-equity ratio of -3.63, a current ratio of 0.32 and a quick ratio of 0.32. The firm has a market cap of $18,789.09, a PE ratio of 190.15 and a beta of 0.85. SBA Communications Co. has a 1 year low of $105.74 and a 1 year 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.
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