In today’s session SBA Communications Corporation (SBAC) registered an unusually high (288) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious SBAC increase. With 288 contracts traded and 1244 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: SBAC161216C00105000 closed last at: $1.15 or 4.2% down. The stock decreased 1.46% or $1.49 on November 23, hitting $100.49. About 1.00M shares traded hands. SBA Communications Corporation (NASDAQ:SBAC) has declined 3.13% since April 22, 2016 and is downtrending. It has underperformed by 8.54% the S&P500.
Analysts await SBA Communications Corporation (NASDAQ:SBAC) to report earnings on February, 23. They expect $0.08 earnings per share, down 66.67% or $0.16 from last year’s $0.24 per share. SBAC’s profit will be $9.82M for 314.03 P/E if the $0.08 EPS becomes a reality. After $-0.12 actual earnings per share reported by SBA Communications Corporation for the previous quarter, Wall Street now forecasts -166.67% EPS growth.
SBA Communications Corporation (NASDAQ:SBAC) Ratings Coverage
Out of 8 analysts covering SBA Communications (NASDAQ:SBAC), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. SBA Communications has been the topic of 18 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Wednesday, August 26 by Stifel Nicolaus. The rating was downgraded by JP Morgan on Tuesday, May 3 to “Neutral”. The firm earned “Buy” rating on Tuesday, May 3 by Stifel Nicolaus. The firm has “Hold” rating given on Friday, May 27 by Deutsche Bank. On Monday, October 5 the stock rating was downgraded by Macquarie Research to “Neutral”. The rating was upgraded by Stifel Nicolaus on Tuesday, January 26 to “Buy”. The stock of SBA Communications Corporation (NASDAQ:SBAC) has “Buy” rating given on Monday, January 4 by Citigroup. The firm has “” rating given on Friday, November 6 by Pacific Crest. SunTrust initiated it with “Buy” rating and $129 target price in Tuesday, September 13 report. The firm has “Buy” rating by Citigroup given on Monday, July 11.
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)”
Insitutional Activity: The institutional sentiment increased to 1.05 in 2016 Q2. Its up 0.09, from 0.96 in 2016Q1. The ratio is positive, as 37 funds sold all SBA Communications Corporation shares owned while 138 reduced positions. 48 funds bought stakes while 120 increased positions. They now own 115.47 million shares or 4.10% less from 120.41 million shares in 2016Q1.
The Alabama-based Fjarde Ap has invested 0.09% in SBA Communications Corporation (NASDAQ:SBAC). Keybank Natl Association Oh, a Ohio-based fund reported 6,576 shares. Ariel Cap Advsrs Limited Liability Corp last reported 1,875 shares in the company. Shelton Capital Mgmt has 6,889 shares for 0.07% of their US portfolio. Meritage Gp Lp holds 7.01% or 2.50 million shares in its portfolio. Fairview Capital Invest Mngmt Ltd Liability Company holds 1.46 million shares or 12.78% of its portfolio. Farallon Cap Mgmt Limited Liability Company holds 2.95 million shares or 4.38% of its portfolio. Blackrock Inv Management Ltd accumulated 0.12% or 857,706 shares. Jennison Assoc Limited Co holds 0.36% of its portfolio in SBA Communications Corporation (NASDAQ:SBAC) for 3.07 million shares. Allstate Corporation last reported 3,451 shares in the company. Prudential Fin Inc accumulated 0% or 9,100 shares. Price T Rowe Assoc Md, a Maryland-based fund reported 3.67M shares. Td Asset Mngmt Inc has 0.01% invested in the company for 68,617 shares. Axel Mngmt Lc has invested 0.67% of its portfolio in SBA Communications Corporation (NASDAQ:SBAC). Skylands Cap, a Wisconsin-based fund reported 30,000 shares.
Insider Transactions: Since June 16, 2016, the stock had 2 insider buys, and 3 selling transactions for $14.22 million net activity. $100,160 worth of shares were bought by COCROFT DUNCAN on Thursday, June 16. Krouse George R Jr sold 1,565 shares worth $181,290. $2.57M worth of SBA Communications Corporation (NASDAQ:SBAC) was sold by SILBERSTEIN JASON V on Tuesday, August 9. Shares for $11.62M were sold by STOOPS JEFFREY on Tuesday, August 9.
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 $12.33 billion. The Company’s operating divisions include site leasing and site development. It has a 124.34 P/E ratio. The site leasing business includes divisions, domestic site leasing and international site leasing.
SBAC Company Profile
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.
More news for SBA Communications Corporation (NASDAQ:SBAC) were recently published by: Globenewswire.com, which released: “SBA Communications Corporation Announces Pricing of $1.1 Billion of 4.875 …” on August 02, 2016. Globenewswire.com‘s article titled: “SBA Communications Corporation Announces Pricing of $700 Million of Secured …” and published on June 21, 2016 is yet another important article.