ARRAY DIGITAL INFRASTRUCTURE, INC.
At today's price, ARRAY DIGITAL INFRASTRUCTURE, INC. (AD) is priced for today's economics sustained for ~6.1 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Array Digital Infrastructure is what is left of US Cellular after it sold its wireless operations to T-Mobile: a tower owner and operator with more than 4,400 cell towers, plus a pile of spectrum licenses it is steadily selling off. • The defining feature is the monetization wind-down: Array has been selling spectrum to AT&T, T-Mobile, and Verizon for roughly a billion dollars at a time and returning the proceeds through large special dividends, so the story is as much about distributing value
Is AD overvalued? See what's priced in →
139 institutional managers reported holding AD in 13F filings for the quarter ended 2026-03-31. Together they hold about 23% of the company; the top 10 hold 17%. 26 opened new positions that quarter. Held by Dimensional Fund Advisors, Vanguard Group, Oaktree Capital, among others. On the short side, 1.5M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
AD has cut its share count 0.7% over the past five years, spending $148.36M on repurchases. It pays a dividend; the current rate is $23.00 a share annually. Cash returned over the past three years: $76.36M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at AD over the trailing three years. Absence is a fact about the company, not a signal.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
AD's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | +93.0% | +17.3% |
| 2023-11-04 | +4.7% | -6.2% |
| 2024-02-17 | -17.1% | +2.7% |
| 2024-05-04 | -8.4% | +65.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
AD's latest 8-K filings: 2026-06-01 (items 2.01, 8.01, 9.01); 2026-05-21 (items 5.07); 2026-05-08 (items 2.02, 9.01); 2026-05-08 (items 8.01, 9.01); 2026-03-24 (items 5.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.