Vanguard Boosts SBA Communications Stake to 18.7%

TL;DR

**Vanguard upped its SBA Communications stake to 18.7%, a bullish signal.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in SBA Communications Corp. Class A Common Stock. As of December 29, 2023, Vanguard beneficially owned 20,410,076 shares, representing 18.7% of the company's outstanding shares. This is an increase from their previous filing, indicating Vanguard's continued confidence in SBA Communications, which could signal stability or growth potential for current and prospective shareholders.

Why It Matters

Vanguard's increased stake suggests a strong vote of confidence from a major institutional investor, potentially signaling a positive outlook for SBA Communications' future performance and stability.

Risk Assessment

Risk Level: low — This filing indicates a major institutional investor is increasing its stake, which generally reduces perceived risk for the company.

Analyst Insight

A smart investor would view Vanguard's increased stake as a positive signal, potentially indicating long-term value and stability for SBA Communications. This could warrant further research into SBA Communications' fundamentals and industry outlook.

Key Numbers

• 20,410,076 — Shares Beneficially Owned (The total number of SBA Communications Class A Common Stock shares owned by The Vanguard Group as of December 29, 2023.)
• 18.7% — Percentage of Class (The percentage of SBA Communications Class A Common Stock represented by Vanguard's ownership, indicating a significant stake.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• SBA Communications Corp. (company) — issuer of the securities
• 20,410,076 (dollar_amount) — shares beneficially owned by Vanguard
• 18.7% (dollar_amount) — percentage of Class A Common Stock owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• SBA Communications Corp. stock price will remain stable or see upward pressure due to strong institutional backing. (SBA Communications Corp.) — medium confidence, target: Q2 2024

FAQ

From the Filing

0001104659-24-021895.txt : 20240213 0001104659-24-021895.hdr.sgml : 20240213 20240213171359 ACCESSION NUMBER: 0001104659-24-021895 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24629510 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv01878-sbacommunicationscor.htm SCHEDULE 13G/A sbacommunicationscorpclassa SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 12)* Name of issuer:  SBA Communications Corp. Class A Title of Class of Securities:  Common Stock CUSIP Number:  78410G104 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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). (Continued on the following page(s))     13G CUSIP No.:  78410G104 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 188,106 7.  SOLE DISPOSITIVE POWER 16,769,489 8.  SHARED DISPOSITIVE POWER 510,309 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 17,279,798 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 16.02% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: SBA Communications Corp. Class A Item 1(b) - Address of Issuer's Principal Executive Offices: 8051 Congress Avenue Boca Raton, FL 33487 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securities: Common Stock Item