BlackRock Updates Passive Stake in SBA Communications

Ticker: SBAC · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, passive-investment, amendment

TL;DR

**BlackRock still owns a big chunk of SBA Communications, but it's a passive stake.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of SBA Communications Corp. common stock as of December 31, 2023. This filing updates previous disclosures, confirming BlackRock's continued significant, but passive, stake in the company. For investors, this means a major institutional investor maintains confidence in SBA Communications, which can be a positive signal, though it doesn't suggest any active changes in company strategy.

Why It Matters

This filing shows that BlackRock, a massive investment firm, still holds a significant portion of SBA Communications stock, signaling their continued belief in the company's value without seeking to influence its management.

Risk Assessment

Risk Level: low — This filing is routine and indicates a passive investment, posing minimal direct risk to shareholders.

Analyst Insight

Investors should note BlackRock's continued passive ownership as a sign of institutional confidence, but this filing alone doesn't suggest any immediate catalysts for stock movement.

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.

Who is the 'reporting person' in this filing?

The reporting person is BlackRock, Inc., identified by CIK 0001364742.

Which company's securities are the subject of this filing?

The subject company is SBA Communications Corporation, identified by CIK 0001034054, with the securities being Common Stock.

What is the CUSIP number for the securities mentioned?

The CUSIP number for the Common Stock of SBA Communications Corporation is 78410G104.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.

From the Filing

0001086364-24-003713.txt : 20240125 0001086364-24-003713.hdr.sgml : 20240125 20240125165924 ACCESSION NUMBER: 0001086364-24-003713 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SBA COMMUNICATIONS CORP CENTRAL INDEX KEY: 0001034054 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 650716501 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-56449 FILM NUMBER: 24562900 BUSINESS ADDRESS: STREET 1: 8051 CONGRESS AVENUE CITY: BOCA RATON STATE: FL ZIP: 33487 BUSINESS PHONE: 5612269345 MAIL ADDRESS: STREET 1: 8051 CONGRESS AVENUE CITY: BOCA RATON STATE: FL ZIP: 33487 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us78410g1040_012524.txt us78410g1040_012524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 1) SBA COMMUNICATIONS CORPORATION -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 78410G104 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 78410G104 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 7970893 (6) Shared voting power 0 (7) Sole dispositive power 8784868 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 8784868 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 8.1% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- SBA COMMUNICATIONS CORPORATION Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 8051 CONGRESS AVENUE BOCA RATON FL 33487 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residenc

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