November 29, 2016 - By Clifton Ray · 0 Comments
Sba Communications Corp (NASDAQ:SBAC) institutional sentiment increased to 1.05 in 2016 Q2. Its up 0.09, from 0.96 in 2016Q1. The ratio has increased, as 168 active investment managers opened new and increased stock positions, while 175 reduced and sold their equity positions in Sba Communications Corp. The active investment managers in our partner’s database now possess: 115.47 million shares, down from 120.41 million shares in 2016Q1. Also, the number of active investment managers holding Sba Communications Corp in their top 10 stock positions was flat from 16 to 16 for the same number . Sold All: 37 Reduced: 138 Increased: 120 New Position: 48.
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 has a market cap of $12.43 billion. The Company’s operating divisions include site leasing and site development. It has a 123.26 P/E ratio. The site leasing business includes divisions, domestic site leasing and international site leasing.
The stock decreased 1.44% or $1.46 during the last trading session, hitting $99.62. SBA Communications Corporation (NASDAQ:SBAC) has declined 4.51% since April 26, 2016 and is downtrending. It has underperformed by 9.77% the S&P500.
Analysts await SBA Communications Corporation (NASDAQ:SBAC) to report earnings on February, 23. They expect $0.08 EPS, down 66.67% or $0.16 from last year’s $0.24 per share. SBAC’s profit will be $9.98M for 311.31 P/E if the $0.08 EPS becomes a reality. After $-0.12 actual EPS reported by SBA Communications Corporation for the previous quarter, Wall Street now forecasts -166.67% EPS growth.
According to Zacks Investment Research, “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)”
Permit Capital Llc holds 51.56% of its portfolio in SBA Communications Corporation for 670,412 shares. Fairview Capital Investment Management Llc owns 1.46 million shares or 12.78% of their US portfolio. Moreover, Stockbridge Partners Llc has 11.48% invested in the company for 2.03 million shares. The Washington-based Triple Frond Partners Llc has invested 10.42% in the stock. Rare Infrastructure Ltd, a Australia-based fund reported 1.51 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 2 insider purchases, and 3 insider sales for $14.22 million net activity.
Ratings analysis reveals 63% of SBA Communications’s analysts are positive. Out of 8 Wall Street analysts rating SBA Communications, 5 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $102 while the high is $143. The stock’s average target of $123.56 is 24.03% above today’s ($99.62) share price. SBAC was included in 18 notes of analysts from August 26, 2015. Deutsche Bank maintained SBA Communications Corporation (NASDAQ:SBAC) rating on Friday, May 27. Deutsche Bank has “Hold” rating and $102 price target. The stock has “Hold” rating given by Stifel Nicolaus on Wednesday, August 26. The stock of SBA Communications Corporation (NASDAQ:SBAC) earned “Neutral” rating by Macquarie Research on Monday, October 5. The rating was downgraded by Pacific Crest to “” on Friday, November 6. SunTrust initiated SBA Communications Corporation (NASDAQ:SBAC) rating on Tuesday, September 13. SunTrust has “Buy” rating and $129 price target. Stifel Nicolaus upgraded it to “Buy” rating and $112 target price in Tuesday, January 26 report. JP Morgan downgraded SBA Communications Corporation (NASDAQ:SBAC) rating on Tuesday, May 3. JP Morgan has “Neutral” rating and $115 price target. As per Monday, January 4, the company rating was upgraded by Citigroup. The stock has “Buy” rating given by Stifel Nicolaus on Tuesday, May 3. The stock of SBA Communications Corporation (NASDAQ:SBAC) has “Neutral” rating given on Friday, October 2 by Citigroup.
SBA Communications Corporation, incorporated on December 23, 1996, 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 divisions include site leasing and site development. The site leasing business includes divisions, domestic site leasing and international site leasing. The Company’s primary business line is its site leasing business. In its site leasing business, the Company leases antenna space to wireless service providers on towers that it owns or operates, and manages rooftop and tower sites for property owners under various contractual arrangements. The Firm owns approximately 25,460 towers. The Firm also manages or leases approximately 5,500 actual or potential towers. The Company’s other business line is its site development business, through which it assists wireless service providers in developing and maintaining their own wireless service networks. The Company’s principal activities are in the United States and its territories. In addition, it owns and operates towers in Canada, Central America and South America.
Another recent and important SBA Communications Corporation (NASDAQ:SBAC) news was published by Globenewswire.com which published an article titled: “SBA Communications Corporation Announces Pricing of $1.1 Billion of 4.875 …” on August 02, 2016.
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By Clifton Ray