Economy

Sentiment Report: Sba Communications Corp (NASDAQ:SBAC)

Iridian Asset Management LLC CT now owns 2,641,198 shares of the technology company's stock valued at $356,298,000 after purchasing an additional 1,237,008 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new stake in SBA Communications Corporation in the second quarter valued at approximately $3,137,000. It closed at $70.54 lastly. It is down 5.50% since September 6, 2016 and is uptrending. It has underperformed by 5.63% the S&P500. The rating was maintained by Stifel Nicolaus on Wednesday, March 8 with "Hold". $199,485 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares were sold by Veeraraghavachary Srinivasan. In the last quarter, insiders sold 18,674 shares of company stock valued at $2,706,217. New Jersey Better Educational Savings Trust sold 4,000 shares as the company's stock rose 9.30% with the market. The share price is now up 10.34% for the past three months. (NASDAQ:CTSH), 17 have Buy rating, 2 Sell and 7 Hold. Therefore 71% are positive. SBAC was included in 33 notes of analysts from August 26, 2015. The firm earned "Buy" rating on Thursday, July 27 by RBC Capital Markets. The stock of Mylan N.V. (NASDAQ:MYL) has "Buy" rating given on Friday, August 7 by Deutsche Bank. The firm has "Buy" rating given on Tuesday, August 11 by Argus Research. The company was maintained on Monday, October 10 by Jefferies. Cowen & Co has "Buy" rating and $14100 target. Its down 0.37, from 1.05 in 2016Q3. Brown Brothers Harriman Comm owns 1,340 shares. Also, it has an estimated price-earnings (P/E) multiple of 34.85 and a trailing 12-month price-earnings (P/E) multiple of 43.27. Stock's free cash flow yield, which represents the amount of cash available to investors before dividends, expressed as a percentage of the stock price, is 0. Stanley stated it has 36,341 shares. 57,120 are held by Cornercap Investment Counsel. Goldman Sachs has 1.56 million shares for 0.05% of their portfolio. The technology company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by $0.01. Green Square Lc owns 19,614 shares. Sandy Spring Commercial Bank reported 182 shares. Seagate Technology (NASDAQ:STX) was raised too.

Since March 7, 2017, it had 0 buys, and 7 selling transactions for $23.02 million activity. Another trade for 570 shares valued at $67,328 was sold by BEEBE KEVIN L.

SBA Communications Corporation (NASDAQ:SBAC) previously disclosed its fiscal periodic earnings information on early Mon, Jul 31st. The California-based Schwab Charles Mgmt has invested 0.03% in SBA Communications Corporation (NASDAQ:SBAC).

In related news, EVP Mark R. Ciarfella sold 9,655 shares of SBA Communications Corporation stock in a transaction dated Friday, August 4th. Highbridge Capital Llc holds 0.09% or 47,500 shares. Vail Resorts Inc (Call) (NYSE:MTN) was reduced too.

Investors sentiment increased to 0.09 in Q4 2016. Its up 0.07, from 0.02 in 2016Q3. Sold All: 89 Reduced: 123 Increased: 110 New Position: 35. Axel Cap Management Llc reported 7,000 shares. Columbia Wanger Asset Limited Liability Company holds 296,176 shares.

SBA Communications Corporation (NASDAQ:SBAC) has been the object of insider selling activity recently. BlackRock Inc. grew its holdings in SBA Communications Corporation by 2,233.0% in the first quarter. Nomura Asset Management Ltd reported 14,702 shares stake. Da Davidson And reported 85 shares. Jennison Ltd Liability has invested 0.24% in SBA Communications Corporation (NASDAQ:SBAC). Whitebox Advisors Ltd Com has 0.04% invested in Community Health Systems (NYSE:CYH) for 159,400 shares. Dupont Capital Mngmt Corporation invested in 8,633 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 28,813 shares or 0.03% of its portfolio. William Blair Investment Management LLC boosted its holdings in shares of SBA Communications Corporation by 8.7% during the 2nd quarter. Pacad Invest has 12,566 shares. State Of Wisconsin Invest Board has invested 0.03% in SBA Communications Corporation (NASDAQ:SBAC). Gideon Capital reported 4,789 shares. Citigroup Inc holds 269,975 shares. Also, the number of hedge funds holding Sba Communications Corp in their top 10 holdings decreased from 17 to 14 for a decrease of 3. Therefore 77% are positive. BidaskClub lowered SBA Communications Corporation from a "strong-buy" rating to a "buy" rating in a research report on Friday, June 9th. As per Wednesday, August 26, the company rating was initiated by Stifel Nicolaus. As per Tuesday, December 6, the company rating was initiated by Macquarie Research. Citigroup downgraded the stock to "Neutral" rating in Wednesday, January 25 report. Citigroup Inc. downgraded shares of SBA Communications Corporation to an "outperform" rating and set a $153.00 price target on the stock.in a report on Monday, June 12th. The stock of SBA Communications Corporation (NASDAQ:SBAC) has "Buy" rating given on Tuesday, September 13 by SunTrust. The firm has "Outperform" rating by Telsey Advisory Group given on Wednesday, February 22. On Tuesday, July 18 the stock rating was maintained by Cowen & Co with "Buy". Lastly, Royal Bank Of Canada restated a "buy" recommendation on stocks of SBA Communications Corporation in a study report on early Wed, Aug 2nd. A 5 analysts rate it as either a buy or a strong buy, while 1 believe that investors should either steer clear of (NYSE:CUBE) or, if they already own its stock, sell it.

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