SBA Communications (NASDAQ: SBAC) recently received a number of ratings updates from brokerages and research firms:

  • 9/14/2018 – SBA Communications was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/6/2018 – SBA Communications was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/4/2018 – SBA Communications was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/29/2018 – SBA Communications had its price target lowered by analysts at Macquarie from $166.00 to $161.00. They now have a “neutral” rating on the stock.
  • 8/28/2018 – SBA Communications was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 8/16/2018 – SBA Communications had its price target lowered by analysts at Morgan Stanley from $180.00 to $176.00. They now have an “overweight” rating on the stock.
  • 8/11/2018 – SBA Communications was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/2/2018 – SBA Communications was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/1/2018 – SBA Communications was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “SBA Communications reported lackluster second-quarter 2018 results, missing both top- and bottom-line estimates. The company is likely to be exposed to high earnings volatility due to the ongoing consolidation trend among telecom and cable TV operators. Earnings estimates for the current year have decreased year to date. Increased geographic diversification exposes the company to adverse foreign currency translation impact, while tower operations in emerging markets are likely to be less profitable. However, long-term wireless consumer demand is expected to rise due to innovation and adoption of data-driven mobile devices and applications. Much of the infrastructure and upgrades require effective site management of cell towers and equipment. SBA Communications effectively addresses this opportunity as over 90% of its quarterly revenues come from wireless service providers. The stock has also outperformed the industry on average in the past year.”
  • 8/1/2018 – SBA Communications had its price target raised by analysts at Deutsche Bank AG from $170.00 to $183.00. They now have a “hold” rating on the stock.
  • 7/27/2018 – SBA Communications was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/25/2018 – SBA Communications was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “SBA Communications is likely to be exposed to high earnings volatility due to the ongoing consolidation trend among telecom and cable TV operators. Evolution of new technologies is likely to reduce demand for site leases and increase operating costs. Earnings estimates for the current year have decreased year to date. Increased geographic diversification exposes the company to adverse foreign currency translation impact, while tower operations in emerging markets are likely to be less profitable. However, long-term wireless consumer demand is expected to rise due to innovation and adoption of data-driven mobile devices and applications. Much of the infrastructure and upgrades require effective site management of cell towers and equipment. SBA Communications effectively addresses this opportunity as over 90% of its quarterly revenues come from wireless service providers. The stock has also outperformed the industry on average in the past year.”
  • 7/19/2018 – SBA Communications was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

NASDAQ SBAC opened at $161.03 on Friday. SBA Communications Co. has a 1-year low of $140.62 and a 1-year high of $177.67. The company has a debt-to-equity ratio of -3.18, a quick ratio of 1.18 and a current ratio of 1.18.

SBA Communications (NASDAQ:SBAC) last released its earnings results on Monday, July 30th. The technology company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.68). SBA Communications had a net margin of 1.73% and a negative return on equity of 1.26%. The firm had revenue of $456.30 million during the quarter, compared to analysts’ expectations of $457.43 million. During the same quarter last year, the business earned $1.73 EPS. The business’s revenue was up 6.8% compared to the same quarter last year. research analysts anticipate that SBA Communications Co. will post 7.07 earnings per share for the current year.

In related news, EVP Kurt L. Bagwell sold 126,605 shares of the stock in a transaction that occurred on Friday, June 29th. The stock was sold at an average price of $165.06, for a total value of $20,897,421.30. Following the completion of the sale, the executive vice president now owns 42,089 shares of the company’s stock, valued at $6,947,210.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mark R. Ciarfella sold 26,267 shares of the stock in a transaction that occurred on Thursday, June 21st. The shares were sold at an average price of $160.01, for a total value of $4,202,982.67. Following the completion of the sale, the executive vice president now directly owns 17,529 shares of the company’s stock, valued at approximately $2,804,815.29. The disclosure for this sale can be found here. In the last ninety days, insiders sold 249,945 shares of company stock valued at $40,678,663. Insiders own 2.70% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of SBA Communications by 3.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,307 shares of the technology company’s stock valued at $56,687,000 after purchasing an additional 12,899 shares during the last quarter. IFM Investors Pty Ltd increased its stake in SBA Communications by 39.7% during the second quarter. IFM Investors Pty Ltd now owns 5,501 shares of the technology company’s stock worth $908,000 after acquiring an additional 1,562 shares during the last quarter. Riverhead Capital Management LLC increased its stake in SBA Communications by 9.3% during the second quarter. Riverhead Capital Management LLC now owns 9,815 shares of the technology company’s stock worth $1,621,000 after acquiring an additional 836 shares during the last quarter. Employees Retirement System of Texas increased its stake in SBA Communications by 31.3% during the second quarter. Employees Retirement System of Texas now owns 21,000 shares of the technology company’s stock worth $3,468,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Rivulet Capital LLC increased its stake in SBA Communications by 122.1% during the first quarter. Rivulet Capital LLC now owns 704,400 shares of the technology company’s stock worth $120,396,000 after acquiring an additional 387,300 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America. By "Building Better Wireless," SBA generates revenue from two primary businesses ? site leasing and site development services.

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