SBA Communications Target of Unusually High Options Trading (SBAC)

SBA Communications Co. (NASDAQ:SBAC) was the target of unusually large options trading on Monday. Stock investors purchased 1,105 put options on the stock. This represents an increase of 652% compared to the typical volume of 147 put options.

SBA Communications (SBAC) opened at $166.40 on Thursday. The stock has a market capitalization of $19,065.31, a price-to-earnings ratio of 202.75 and a beta of 0.77. SBA Communications has a twelve month low of $97.72 and a twelve month high of $173.97. The company has a debt-to-equity ratio of -3.63, a current ratio of 0.32 and a quick ratio of 0.32.

SBA Communications (NASDAQ:SBAC) last posted its quarterly earnings results on Monday, October 30th. The technology company reported $1.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $1.50. SBA Communications had a negative return on equity of 4.71% and a net margin of 5.95%. The company had revenue of $433.90 million for the quarter, compared to analysts’ expectations of $431.42 million. During the same quarter in the prior year, the company earned ($0.12) earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. equities research analysts forecast that SBA Communications will post 0.96 EPS for the current fiscal year.

SBAC has been the subject of a number of research analyst reports. KeyCorp restated a “buy” rating and issued a $179.00 target price (up from $170.00) on shares of SBA Communications in a research report on Wednesday, November 1st. Royal Bank Of Canada restated a “buy” rating and issued a $200.00 target price on shares of SBA Communications in a research report on Thursday, November 30th. BidaskClub upgraded SBA Communications from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd. UBS initiated coverage on SBA Communications in a research report on Wednesday, October 18th. They issued a “buy” rating and a $176.00 target price for the company. Finally, Morgan Stanley restated an “overweight” rating and issued a $159.00 target price (up from $147.00) on shares of SBA Communications in a research report on Thursday, August 24th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. SBA Communications presently has a consensus rating of “Buy” and an average target price of $159.40.

In other news, Director George R. Krouse, Jr. sold 1,999 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $169.51, for a total transaction of $338,850.49. Following the completion of the transaction, the director now directly owns 11,999 shares in the company, valued at $2,033,950.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.40% of the company’s stock.

Large investors have recently made changes to their positions in the business. D.A. Davidson & CO. raised its stake in SBA Communications by 18.8% during the 2nd quarter. D.A. Davidson & CO. now owns 758 shares of the technology company’s stock valued at $102,000 after purchasing an additional 120 shares during the period. Creative Planning raised its stake in SBA Communications by 40.7% during the 2nd quarter. Creative Planning now owns 874 shares of the technology company’s stock valued at $118,000 after purchasing an additional 253 shares during the period. Sun Life Financial INC acquired a new stake in SBA Communications during the 3rd quarter valued at $127,000. Acadian Asset Management LLC acquired a new stake in SBA Communications during the 2nd quarter valued at $159,000. Finally, Advisor Group Inc. raised its stake in SBA Communications by 9.7% during the 2nd quarter. Advisor Group Inc. now owns 1,286 shares of the technology company’s stock valued at $172,000 after purchasing an additional 114 shares during the period. 96.15% of the stock is currently owned by institutional investors.

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SBA Communications Company Profile

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’s operating segments include site leasing and site development. The site leasing business includes segments, domestic site leasing and international site leasing.

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