Large Outflow of Money Witnessed in SBA Communications Corporation

SBA Communications Corporation (NASDAQ:SBAC) traded higher in the last at $101.21, gaining 0.19 points or 0.19%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-5.6) million. The composite uptick value of $12.92 million was eclipsed by the accrued downtick value of $18.52 million, thereby ensuring the up/down ratio of 0.7. For the week, the shares have posted returns of -0.77%.A block trade registered during the day has revealed $3.1 million in upticks and $6.94 million in downticks. The up/down ratio in this case turned out to be 0.45. The net money flow for the block trade was $(-3.84) million.


Currently the company Insiders own 2.1% of SBA Communications Corporation shares according to the proxy statements. Institutional Investors own 98.78% of SBA Communications Corporation shares. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP – Operations) of Sba Communications Corp, Ciarfella Mark R had sold 3,950 shares worth of $377,225 in a transaction dated March 15, 2016. In this transaction, 3,950 shares were sold at $95.5 per share.

SBA Communications Corporation (NASDAQ:SBAC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.26 points or 0.26% at $100.76 with 1,030,814 shares getting traded. Post opening the session at $100.46, the shares hit an intraday low of $100.46 and an intraday high of $102.26 and the price was in this range throughout the day. The company has a market cap of $12,648 million and the number of outstanding shares have been calculated to be 125,524,099 shares. The 52-week high of SBA Communications Corporation (NASDAQ:SBAC) is $128.4699 and the 52-week low is $82.8.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Deutsche Bank maintains the rating on SBA Communications Corporation (NASDAQ:SBAC). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency lowers the price target from $106 per share to $102 per share. The rating by the firm was issued on May 27, 2016.

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 operated through two segments, namely site leasing and site development. The Companys primary business line is its site leasing business. In its site leasing business, the Company leases antenna space to wireless service providers on towers that it owns or operates, and manage rooftop and tower sites for property owners under various contractual arrangements. It also managed or leased approximately 5,000 actual or potential towers. Its other business line is its site development business, through which it assists wireless service providers in developing and maintaining their own wireless service networks. The Companys principal operations are in the United States and its territories. In addition, it owns and operates towers in Canada, Central America, and South America.

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