Monday, 29 May, 2017

Ciarfella Sells 15147 Shares of SBA Communications Co. (SBAC) Stock

Laurie Berry | 20 May, 2017, 04:29

About 300 shares traded. SBA Communications comprises about 1.3% of Fernwood Investment Management LLC's investment portfolio, making the stock its 20th largest position. Raymond James Financial Services Advisors Inc.'s holdings in SBA Communications were worth $4,070,000 as of its most recent SEC filing.

Hedge funds and other institutional investors have recently modified their holdings of the company.

Currently SBA Communications (NASDAQ:SBAC)'s shares owned by insiders are 0.7%, whereas shares owned by institutional owners are 95.9%. Wells Fargo & Company MN now owns 1,268,805 shares of the technology company's stock worth $152,725,000 after buying an additional 516,954 shares during the last quarter. Aqr Ltd Liability Co holds 0% or 7,964 shares. BlackRock Inc. now owns 8,450,685 shares of the technology company's stock worth $1,017,210,000 after buying an additional 8,088,459 shares during the period. Acrospire Investment Management LLC boosted its position in SBA Communications by 12.5% in the third quarter. American Century Companies Inc. now owns 1,578,092 shares of the technology company's stock worth $189,955,000 after buying an additional 363,969 shares during the period. Ladenburg Thalmann Financial Services Inc. now owns 1,676 shares of the technology company's stock worth $175,000 after buying an additional 211 shares during the period. Following the completion of the sale, the director now directly owns 9,097 shares of the company's stock, valued at approximately $1,074,537.64.

Spo Advisory Corp increased Sba Communications Corp (SBAC) stake by 10.45% reported in 2016Q4 SEC filing. The stock decreased 1.55% or $2.08 during the last trading session, reaching $132. Its traded volume of 2.09 Million shares made it active as comparison to average volume of 1198.03. SBA Communications Co. The company's 50 day moving average price is $125.50 and its 200-day moving average price is $111.57. SBA Communications Corporation has a 52-week low of 95.66 and a 52-week high of 136.34. The stock has a market capitalization of $16.05 billion, a P/E ratio of 274.46 and a beta of 0.72.

SBA Communications Corporation (NASDAQ:SBAC) has accumulated 2.79% over the course of one week. The technology company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $0.21 by $1.48. Revenue during that quarter was posted at $411.32M, whereas the consensus estimate was predicting $412.73M.

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EPS in next five year years is expected to touch 48.51% while EPS growth in past 5 year was 20.50% along with sales growth of 18.50% in the last five years. During the same quarter in the prior year, the business posted $1.45 earnings per share. After $0.31 actual EPS reported by SBA Communications Corporation for the previous quarter, Wall Street now forecasts -35.48% negative EPS growth.

TRADEMARK VIOLATION WARNING: This report was originally published by Sports Perspectives and is owned by of Sports Perspectives. The legal version of this news story can be read at https://transcriptdaily.com/2017/05/18/sba-communications-co-sbac-evp-sells-1954417-41-in-stock-updated.html.

SBAC has been the subject of a number of recent research reports. Barclays PLC lifted their price objective on SBA Communications from $136.00 to $137.00 and gave the company an "overweight" rating in a report on Wednesday, May 3rd. The stock of SBA Communications Corporation (NASDAQ:SBAC) has "Buy" rating given on Tuesday, April 11 by Guggenheim. Finally, Zacks Investment Research cut shares of SBA Communications from a hold rating to a strong sell rating in a report on Saturday, March 4th.

Based on the latest notes released to investors, 6 analysts have issued a rating of "buy", 8 analysts "outperform", 6 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". The stock has "Buy" rating by Stifel Nicolaus on Tuesday, January 26. Stifel Nicolaus set a $148.00 target price on SBA Communications and gave the company a "buy" rating in a research note on Tuesday, May 2nd. Following the sale, the executive vice president now directly owns 14,677 shares of the company's stock, valued at $1,893,773.31. Also, EVP Mark R. Ciarfella sold 15,147 shares of the firm's stock in a transaction on Friday, May 5th. The stock price recently experienced a 5-day gain of 3.35% with 2.7 average true range (ATR). The disclosure for this sale can be found here. They expect $0.20 earnings per share, up 100.00 % or $0.10 from last year's $0.1 per share. Company insiders own 2.10% of the company's stock.

About SBA Communications 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.

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