Crown Castle International Corp. (REIT) (CCI) Reaches $97.89 After 4.00% Down Move; Akre Capital Management Increased Sba Communications (SBAC) Position By $61.80 Million

July 17, 2017 - By Hazel Jackson

Akre Capital Management Llc increased Sba Communications Corp (SBAC) stake by 32.17% reported in 2016Q4 SEC filing. Akre Capital Management Llc acquired 600,000 shares as Sba Communications Corp (SBAC)’s stock rose 22.43%. The Akre Capital Management Llc holds 2.47 million shares with $254.54 million value, up from 1.87M last quarter. Sba Communications Corp now has $16.56 billion valuation. The stock declined 0.72% or $0.98 reaching $135.51 on the news. About 583,786 shares traded. SBA Communications Corporation (NASDAQ:SBAC) has risen 36.29% since July 17, 2016 and is uptrending. It has outperformed by 19.59% the S&P500.

The stock of Crown Castle International Corp. (REIT) (NYSE:CCI) is a huge mover today! About 1.76M shares traded. Crown Castle International Corp. (REIT) (NYSE:CCI) has risen 11.07% since July 17, 2016 and is uptrending. It has underperformed by 5.63% the S&P500.The move comes after 5 months negative chart setup for the $37.01 billion company. It was reported on Jul, 17 by Barchart.com. We have $93.97 PT which if reached, will make NYSE:CCI worth $1.48B less.

Since March 4, 2017, it had 0 buys, and 10 selling transactions for $24.60 million activity. $1.23 million worth of stock was sold by LANGER JACK on Tuesday, June 6. SILBERSTEIN JASON V had sold 48,930 shares worth $6.67M on Thursday, May 25. Another trade for 94,289 shares valued at $12.61M was sold by STOOPS JEFFREY. 15,147 shares valued at $1.95 million were sold by Ciarfella Mark R on Thursday, May 4. $25,886 worth of SBA Communications Corporation (NASDAQ:SBAC) was sold by Krouse George R Jr on Friday, June 2. Shares for $191,053 were sold by CARR BRIAN C on Tuesday, March 7. BEEBE KEVIN L sold $67,328 worth of stock or 570 shares.

Investors sentiment decreased to 0.68 in 2016 Q4. Its down 0.37, from 1.05 in 2016Q3. It fall, as 89 investors sold SBAC shares while 123 reduced holdings. 35 funds opened positions while 110 raised stakes. 99.27 million shares or 13.53% less from 114.81 million shares in 2016Q3 were reported. Westpac reported 8,036 shares or 0% of all its holdings. Great West Life Assurance Can holds 0.02% of its portfolio in SBA Communications Corporation (NASDAQ:SBAC) for 68,841 shares. Kalmar Invests Inc De holds 211,195 shares. Americafirst Cap Mngmt Limited Liability holds 3,846 shares or 0% of its portfolio. Ray Gerald L Assoc Limited holds 0.11% of its portfolio in SBA Communications Corporation (NASDAQ:SBAC) for 7,040 shares. Korea Corporation holds 0% or 147 shares in its portfolio. Synovus accumulated 4,091 shares. Rockefeller Finance stated it has 0% of its portfolio in SBA Communications Corporation (NASDAQ:SBAC). Clearbridge Limited holds 0.02% or 205,436 shares. Prudential Fincl reported 8,100 shares or 0% of all its holdings. Delaware-based Blackrock Advsrs Ltd has invested 0.11% in SBA Communications Corporation (NASDAQ:SBAC). Blackrock Japan has 162,323 shares. Employees Retirement Association Of Colorado has 25,615 shares for 0.02% of their portfolio. First Mercantile Tru stated it has 0.04% in SBA Communications Corporation (NASDAQ:SBAC). Spo Advisory Corporation accumulated 2.57M shares or 5.46% of the stock.

Among 10 analysts covering SBA Communications (NASDAQ:SBAC), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. SBA Communications had 26 analyst reports since August 26, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, May 3 by Stifel Nicolaus. JP Morgan upgraded the stock to “Overweight” rating in Wednesday, November 30 report. The stock has “Neutral” rating by Macquarie Research on Tuesday, December 6. The company was maintained on Monday, June 19 by RBC Capital Markets. Deutsche Bank maintained SBA Communications Corporation (NASDAQ:SBAC) rating on Friday, July 14. Deutsche Bank has “Hold” rating and $150 target. Raymond James downgraded the shares of SBAC in report on Monday, June 12 to “Outperform” rating. The firm earned “Neutral” rating on Wednesday, January 25 by Citigroup. The stock of SBA Communications Corporation (NASDAQ:SBAC) has “Buy” rating given on Tuesday, January 26 by Stifel Nicolaus. The stock of SBA Communications Corporation (NASDAQ:SBAC) earned “Buy” rating by SunTrust on Tuesday, September 13. Guggenheim upgraded SBA Communications Corporation (NASDAQ:SBAC) on Tuesday, April 11 to “Buy” rating.

Since March 10, 2017, it had 0 buys, and 3 sales for $2.77 million activity. On Tuesday, May 16 the insider MCKENZIE ROBERT F sold $144,716. GARRISON ROBERT E II had sold 2,413 shares worth $218,753 on Friday, March 10. On Wednesday, May 17 Young James D sold $2.40M worth of Crown Castle International Corp. (REIT) (NYSE:CCI) or 24,646 shares.

Analysts await Crown Castle International Corp. (REIT) (NYSE:CCI) to report earnings on July, 19 after the close. They expect $1.15 earnings per share, down 0.86% or $0.01 from last year’s $1.16 per share. CCI’s profit will be $434.79M for 21.28 P/E if the $1.15 EPS becomes a reality. After $1.24 actual earnings per share reported by Crown Castle International Corp. (REIT) for the previous quarter, Wall Street now forecasts -7.26% negative EPS growth.

Investors sentiment increased to 1.45 in 2016 Q4. Its up 0.33, from 1.12 in 2016Q3. It improved, as 58 investors sold Crown Castle International Corp. (REIT) shares while 169 reduced holdings. 78 funds opened positions while 252 raised stakes. 330.20 million shares or 4.13% more from 317.10 million shares in 2016Q3 were reported. Jacobs Levy Equity Mgmt Incorporated reported 2,570 shares or 0% of all its holdings. Calamos Advsr Ltd Liability Company holds 302,931 shares. State Board Of Administration Of Florida Retirement accumulated 0.13% or 506,222 shares. Cutler Mngmt Ltd Com reported 2.73% of its portfolio in Crown Castle International Corp. (REIT) (NYSE:CCI). Gofen Glossberg Lc Il invested 0.01% in Crown Castle International Corp. (REIT) (NYSE:CCI). Savings Bank Of Nova Scotia has 0% invested in Crown Castle International Corp. (REIT) (NYSE:CCI) for 8,050 shares. Solaris Asset Mgmt Ltd Liability holds 0.1% of its portfolio in Crown Castle International Corp. (REIT) (NYSE:CCI) for 1,765 shares. Endeavour Capital Inc holds 63,411 shares. Aviance Capital Mngmt Ltd Liability Corporation has 94,768 shares. Ubs Asset Mgmt Americas accumulated 1.34 million shares or 0.13% of the stock. Duff & Phelps Investment holds 1.32% or 1.06M shares in its portfolio. Metropolitan Life Insur Communications New York holds 0.12% in Crown Castle International Corp. (REIT) (NYSE:CCI) or 193,681 shares. Motley Fool Wealth Management Ltd Co accumulated 0.08% or 8,813 shares. Guggenheim Cap Llc invested in 0.11% or 434,231 shares. World Asset Mngmt holds 38,145 shares.

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