Avalon Global Asset Management Has Raised Nordstrom (Call) (JWN) Position By $676,800; Sba Communications (SBAC) Has 0 Sentiment

December 11, 2017 - By Adrian Mccoy

SBA Communications Corporation operates as a real estate investment trust. The company has market cap of $19.37 billion. The firm operates through two divisions, Site Leasing and Site Development. It has a 197.33 P/E ratio. It owns and operates wireless communications infrastructure, including tower structures, rooftop, and other structures that support antennas used for wireless communications.

Avalon Global Asset Management Llc increased Nordstrom Inc (Call) (JWN) stake by 25.9% reported in 2017Q2 SEC filing. Avalon Global Asset Management Llc acquired 14,400 shares as Nordstrom Inc (Call) (JWN)’s stock declined 10.77%. The Avalon Global Asset Management Llc holds 70,000 shares with $3.35 million value, up from 55,600 last quarter. Nordstrom Inc (Call) now has $7.62 billion valuation. The stock decreased 0.10% or $0.045 during the last trading session, reaching $45.735. About 46,040 shares traded. Nordstrom, Inc. (NYSE:JWN) has risen 9.86% since December 11, 2016 and is uptrending. It has underperformed by 6.84% the S&P500.

Analysts await SBA Communications Corporation (NASDAQ:SBAC) to report earnings on February, 26. They expect $0.22 EPS, up 450.00% or $0.18 from last year’s $0.04 per share. SBAC’s profit will be $25.86 million for 187.24 P/E if the $0.22 EPS becomes a reality. After $0.26 actual EPS reported by SBA Communications Corporation for the previous quarter, Wall Street now forecasts -15.38% negative EPS growth.

The stock decreased 0.25% or $0.42 during the last trading session, reaching $164.77. About 21,827 shares traded. SBA Communications Corporation (SBAC) has risen 36.29% since December 11, 2016 and is uptrending. It has outperformed by 19.59% the S&P500.

Permit Capital Llc holds 50.74% of its portfolio in SBA Communications Corporation for 639,549 shares. Akre Capital Management Llc owns 2.47 million shares or 5.41% of their US portfolio. Moreover, Adams Diversified Equity Fund Inc. has 0.36% invested in the company for 46,800 shares. The Florida-based Capital Wealth Planning Llc has invested 0.3% in the stock. Peregrine Asset Advisers Inc., a Oregon-based fund reported 3,000 shares.

Ratings analysis reveals 40% of SBA Comm’s analysts are positive. Out of 5 Wall Street analysts rating SBA Comm, 2 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. SBAC was included in 5 notes of analysts from September 13, 2016. The stock has “Overweight” rating by JP Morgan on Wednesday, November 30. The firm earned “Neutral” rating on Wednesday, January 25 by Citigroup. The stock of SBA Communications Corporation (NASDAQ:SBAC) earned “Buy” rating by SunTrust on Tuesday, September 13. As per Tuesday, December 6, the company rating was initiated by Macquarie Research. The firm has “Neutral” rating by Guggenheim given on Friday, December 16.

Among 30 analysts covering Nordstrom Inc. (NYSE:JWN), 6 have Buy rating, 7 Sell and 17 Hold. Therefore 20% are positive. Nordstrom Inc. had 103 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by Telsey Advisory Group on Friday, February 19 with “Market Perform”. RBC Capital Markets maintained it with “Outperform” rating and $47 target in Monday, February 27 report. Cowen & Co maintained the stock with “Hold” rating in Friday, November 10 report. The firm has “Buy” rating by Cowen & Co given on Friday, August 11. The rating was maintained by Piper Jaffray with “Hold” on Monday, July 17. Morgan Stanley downgraded the stock to “Underweight” rating in Thursday, January 7 report. The rating was downgraded by Deutsche Bank on Monday, October 31 to “Hold”. As per Friday, November 13, the company rating was maintained by Barclays Capital. The stock of Nordstrom, Inc. (NYSE:JWN) has “Sell” rating given on Monday, March 7 by Northcoast. As per Friday, November 10, the company rating was maintained by BMO Capital Markets.

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