SBA Communications (SBAC) At $156.80 Forms Top; Metropolitan Life Insurance Company Lifted Summit Midstream Partners Units (SMLP) Position By $970,000

SBA Communications Corporation (SBAC) formed multiple top with $163.07 target or 4.00% above today’s $156.80 share price. SBA Communications Corporation (SBAC) has $18.06B valuation. The stock decreased 0.73% or $1.15 during the last trading session, reaching $156.8. About 517,176 shares traded. SBA Communications Corporation (NASDAQ:SBAC) has risen 44.40% since May 25, 2017 and is uptrending. It has outperformed by 32.85% the S&P500.

Metropolitan Life Insurance Company increased Summit Midstream Partners Units (SMLP) stake by 60.36% reported in 2017Q4 SEC filing. Metropolitan Life Insurance Company acquired 48,500 shares as Summit Midstream Partners Units (SMLP)’s stock declined 32.20%. The Metropolitan Life Insurance Company holds 128,855 shares with $2.64M value, up from 80,355 last quarter. Summit Midstream Partners Units now has $1.18 billion valuation. The stock decreased 2.17% or $0.35 during the last trading session, reaching $15.75. About 100,655 shares traded. Summit Midstream Partners, LP (NYSE:SMLP) has declined 38.73% since May 25, 2017 and is downtrending. It has underperformed by 50.28% the S&P500.

Since March 12, 2018, it had 1 buy, and 2 selling transactions for $763,370 activity. SILBERSTEIN JASON V also sold $500,068 worth of SBA Communications Corporation (NASDAQ:SBAC) on Thursday, May 17. Shares for $346,947 were sold by Krouse George R Jr on Thursday, May 17. Shares for $83,645 were bought by COCROFT DUNCAN.

Investors sentiment increased to 2 in Q4 2017. Its up 2.00, from 0 in 2017Q3. It increased, as 2 investors sold SBA Communications Corporation shares while 0 reduced holdings. 3 funds opened positions while 1 raised stakes. 2.57 million shares or 18.94% less from 3.17 million shares in 2017Q3 were reported. Hanseatic Management has invested 0.04% in SBA Communications Corporation (NASDAQ:SBAC). Magellan Asset Mngmt Limited reported 0.04% of its portfolio in SBA Communications Corporation (NASDAQ:SBAC). Akre Cap Ltd Liability has 2.47M shares for 5.57% of their portfolio. Eqis Mgmt holds 1,407 shares or 0.01% of its portfolio. Cibc World Mkts Corporation has 0.03% invested in SBA Communications Corporation (NASDAQ:SBAC).

Analysts await SBA Communications Corporation (NASDAQ:SBAC) to report earnings on July, 30. They expect $0.19 EPS, 0.00% or $0.00 from last year’s $0.19 per share. SBAC’s profit will be $21.89M for 206.32 P/E if the $0.19 EPS becomes a reality. After $0.27 actual EPS reported by SBA Communications Corporation for the previous quarter, Wall Street now forecasts -29.63% negative EPS growth.

Among 16 analysts covering SBA Communications (NASDAQ:SBAC), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. SBA Communications had 57 analyst reports since August 26, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Buy” on Monday, June 19. The stock has “Market Perform” rating by Wells Fargo on Tuesday, February 27. JP Morgan downgraded SBA Communications Corporation (NASDAQ:SBAC) on Tuesday, May 3 to “Neutral” rating. As per Wednesday, October 18, the company rating was initiated by UBS. The stock of SBA Communications Corporation (NASDAQ:SBAC) has “Buy” rating given on Thursday, October 12 by SunTrust. The stock of SBA Communications Corporation (NASDAQ:SBAC) has “Buy” rating given on Tuesday, October 31 by Jefferies. On Monday, October 5 the stock rating was downgraded by Macquarie Research to “Neutral”. The firm earned “Buy” rating on Tuesday, October 17 by Cowen & Co. As per Monday, January 4, the company rating was upgraded by Citigroup. The stock of SBA Communications Corporation (NASDAQ:SBAC) has “Overweight” rating given on Thursday, August 24 by Morgan Stanley.

Investors sentiment increased to 1.24 in 2017 Q4. Its up 0.41, from 0.83 in 2017Q3. It increased, as 8 investors sold SMLP shares while 17 reduced holdings. 12 funds opened positions while 19 raised stakes. 36.88 million shares or 3.16% more from 35.75 million shares in 2017Q3 were reported. State Of New Jersey Common Pension Fund D, New Jersey-based fund reported 166,200 shares. Metropolitan Life New York stated it has 128,855 shares or 0.04% of all its holdings. Citigroup owns 0% invested in Summit Midstream Partners, LP (NYSE:SMLP) for 97,794 shares. Evergreen Capital Mngmt Limited invested 0.75% in Summit Midstream Partners, LP (NYSE:SMLP). Natl Bank Of Montreal Can accumulated 92,500 shares. Kayne Anderson Advsrs Limited Partnership accumulated 0.87% or 3.33M shares. Bank & Trust Of America De holds 879,241 shares. Westwood Hldgs accumulated 417,558 shares. 14,540 are owned by Barclays Pcl. Credit Suisse Ag stated it has 0% in Summit Midstream Partners, LP (NYSE:SMLP). 994 are owned by Spectrum Mgmt. Spirit Of America Mngmt Ny owns 373,958 shares for 0.85% of their portfolio. Brookfield Asset Mgmt Inc reported 1.45M shares or 0.12% of all its holdings. Salient Capital Advsrs Ltd Llc reported 182,798 shares. Citadel Advisors Lc holds 0% in Summit Midstream Partners, LP (NYSE:SMLP) or 11,685 shares.

Since March 9, 2018, it had 1 insider buy, and 4 insider sales for $4,971 activity. Graves Brad N sold $76,861 worth of stock. The insider Matthews Louise E sold 1,000 shares worth $14,550. 15,000 shares were bought by Newby Steven J, worth $238,200 on Friday, March 9.

Metropolitan Life Insurance Company decreased Csg Systems International Inc (NASDAQ:CSGS) stake by 11,514 shares to 10,424 valued at $457,000 in 2017Q4. It also reduced Envision Healthcare Corp stake by 38,377 shares and now owns 18,700 shares. F5 Networks Inc (NASDAQ:FFIV) was reduced too.

Among 10 analysts covering Summit Midstream Partners (NYSE:SMLP), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. Summit Midstream Partners had 37 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, September 20. The stock has “Outperform” rating by Robert W. Baird on Friday, August 12. As per Tuesday, April 17, the company rating was maintained by Barclays Capital. Barclays Capital downgraded the stock to “Sell” rating in Tuesday, July 18 report. On Thursday, May 12 the stock rating was maintained by Goldman Sachs with “Neutral”. Wells Fargo downgraded Summit Midstream Partners, LP (NYSE:SMLP) on Monday, May 7 to “Hold” rating. The stock of Summit Midstream Partners, LP (NYSE:SMLP) has “Buy” rating given on Monday, September 11 by RBC Capital Markets. The firm earned “Neutral” rating on Friday, January 27 by Credit Suisse. The firm has “Buy” rating given on Thursday, July 6 by RBC Capital Markets. Robert W. Baird maintained the shares of SMLP in report on Thursday, March 8 with “Buy” rating.

More news for Summit Midstream Partners, LP (NYSE:SMLP) were recently published by: Seekingalpha.com, which released: “Summit Midstream Partners’ (SMLP) CEO Steve Newby on Q1 2018 Results – Earnings Call Transcript” on May 04, 2018. Seekingalpha.com‘s article titled: “Mispriced Midstream MLP With 15% Yield Plus Upside” and published on May 08, 2018 is yet another important article.

Summit Midstream Partners, LP (NYSE:SMLP) Institutional Positions Chart