SBA Communications Co. (NASDAQ:SBAC) was the recipient of unusually large options trading activity on Wednesday. Traders bought 5,126 put options on the company. This represents an increase of 1,282% compared to the average volume of 371 put options.

In other news, Director Kevin L. Beebe sold 440 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $189.86, for a total value of $83,538.40. Following the transaction, the director now directly owns 13,369 shares in the company, valued at $2,538,238.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jason V. Silberstein sold 51,369 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $190.71, for a total transaction of $9,796,581.99. Following the completion of the transaction, the executive vice president now owns 60,154 shares in the company, valued at $11,471,969.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 246,558 shares of company stock worth $45,484,249. Company insiders own 2.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the business. Suntrust Banks Inc. lifted its position in shares of SBA Communications by 4.1% during the fourth quarter. Suntrust Banks Inc. now owns 1,493 shares of the technology company’s stock valued at $242,000 after buying an additional 59 shares during the last quarter. CWM LLC lifted its position in shares of SBA Communications by 49.2% during the fourth quarter. CWM LLC now owns 185 shares of the technology company’s stock valued at $30,000 after buying an additional 61 shares during the last quarter. Creative Planning lifted its position in shares of SBA Communications by 3.0% during the fourth quarter. Creative Planning now owns 2,106 shares of the technology company’s stock valued at $341,000 after buying an additional 62 shares during the last quarter. Private Capital Group LLC lifted its position in shares of SBA Communications by 38.7% during the fourth quarter. Private Capital Group LLC now owns 226 shares of the technology company’s stock valued at $37,000 after buying an additional 63 shares during the last quarter. Finally, Gateway Investment Advisers LLC lifted its position in shares of SBA Communications by 1.4% during the fourth quarter. Gateway Investment Advisers LLC now owns 5,752 shares of the technology company’s stock valued at $931,000 after buying an additional 81 shares during the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Several research analysts have issued reports on SBAC shares. ValuEngine cut shares of SBA Communications from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. KeyCorp increased their target price on shares of SBA Communications from $176.00 to $195.00 and gave the stock an “overweight” rating in a report on Tuesday, February 12th. Guggenheim cut shares of SBA Communications from a “buy” rating to a “neutral” rating and set a $185.00 target price on the stock. in a report on Friday, February 22nd. BidaskClub cut shares of SBA Communications from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 20th. Finally, Bank of America increased their target price on shares of SBA Communications from $189.00 to $211.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $193.33.

Shares of SBA Communications stock opened at $197.30 on Thursday. SBA Communications has a 1 year low of $146.13 and a 1 year high of $204.34. The stock has a market cap of $22.87 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 2.60 and a beta of 0.83.

SBA Communications (NASDAQ:SBAC) last issued its earnings results on Thursday, February 21st. The technology company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.83 by ($1.33). SBA Communications had a negative return on equity of 1.71% and a net margin of 2.54%. The business had revenue of $483.85 million for the quarter, compared to the consensus estimate of $472.87 million. During the same quarter in the previous year, the company earned $1.78 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. On average, equities analysts anticipate that SBA Communications will post 7.82 earnings per share for the current year.

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SBA Communications Company Profile

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. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts.

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