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SBA Communications Corp. (SBAC) Chairman Steven E Bernstein sells 100,000 Shares

September 18, 2009 | About:

Chairman of SBA Communications Corp. (NASDAQ:SBAC) Steven E Bernstein sells 100,000 shares of SBAC on 09/16/2009 at an average price of $27 a share.

SBA Communications Corp. is a leading independent owner and operator of wireless communications infrastructure in the United States. The company generates revenue from two primary businesses -- site leasing and site development services. The primary focus of the company is the leasing of antenna space on its multi- tenant towers to a variety of wireless service providers under long-term lease contracts. (PRESS RELEASE) Sba Communications Corp. has a market cap of $3.23 billion; its shares were traded at around $27.71 with and P/S ratio of 6.8. Sba Communications Corp. had an annual average earning growth of 4.8% over the past 5 years.

SBAC is in the portfolios of Ron Baron of Baron Funds.

Recent Trades of SBA Communications Corp. by Directors and Officers:

  • Sell: SVP - Property Management Jason V Silberstein sold 30,000 shares of SBAC stock on 09/11/2009 at the average price of $26.11; the price of the stock has increased by 6.13% since.
  • Sell: Director Brian C Carr sold 13,334 shares of SBAC stock on 06/01/2009 at the average price of $25.5; the price of the stock has increased by 8.67% since.

Rating: 2.8/5 (4 votes)


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GuruFocus has detected 6 Warning Signs with SBA Communications Corp $SBAC.
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