Teacher Retirement System of Texas raised its holdings in SBA Communications Co. (NASDAQ:SBAC) by 647.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 206,953 shares of the technology company’s stock after purchasing an additional 179,256 shares during the period. Teacher Retirement System of Texas owned about 0.18% of SBA Communications worth $33,808,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Toronto Dominion Bank lifted its position in SBA Communications by 9.5% during the second quarter. Toronto Dominion Bank now owns 1,487 shares of the technology company’s stock worth $201,000 after buying an additional 129 shares in the last quarter. State Treasurer State of Michigan purchased a new position in SBA Communications during the third quarter worth approximately $5,258,000. Oakbrook Investments LLC purchased a new position in SBA Communications during the third quarter worth approximately $828,000. GSA Capital Partners LLP raised its position in SBA Communications by 198.3% in the third quarter. GSA Capital Partners LLP now owns 5,530 shares of the technology company’s stock valued at $797,000 after purchasing an additional 3,676 shares during the period. Finally, New York State Teachers Retirement System raised its position in SBA Communications by 26,162.1% in the third quarter. New York State Teachers Retirement System now owns 183,835 shares of the technology company’s stock valued at $26,481,000 after purchasing an additional 183,135 shares during the period. 95.08% of the stock is currently owned by hedge funds and other institutional investors.
SBA Communications Co. (NASDAQ:SBAC) traded up $1.14 on Thursday, reaching $162.56. The company’s stock had a trading volume of 1,392,400 shares, compared to its average volume of 1,073,797. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of -3.63. 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 Co. has a 12-month low of $107.30 and a 12-month high of $177.67.
TRADEMARK VIOLATION NOTICE: “Teacher Retirement System of Texas Grows Position in SBA Communications Co. (SBAC)” was published by Week Herald and is the property of of Week Herald. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://weekherald.com/2018/02/15/teacher-retirement-system-of-texas-has-33-81-million-stake-in-sba-communications-co-sbac.html.
About SBA Communications
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.