SBA Communications Corp (SBAC): Today's Featured Diversified Services Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

SBA Communications ( SBAC) pushed the Diversified Services industry lower today making it today's featured Diversified Services laggard. The industry as a whole closed the day up 0.5%. By the end of trading, SBA Communications fell $1.98 (-2.0%) to $97.24 on average volume. Throughout the day, 1,208,398 shares of SBA Communications exchanged hands as compared to its average daily volume of 1,113,100 shares. The stock ranged in price between $97.08-$99.64 after having opened the day at $99.46 as compared to the previous trading day's close of $99.21. Other companies within the Diversified Services industry that declined today were: Financial Engines ( FNGN), down 11.0%, Performant Financial ( PFMT), down 7.9%, Mitcham Industries ( MIND), down 7.5% and SmartPros ( SPRO), down 6.8%.

SBA Communications Corporation owns and operates wireless communications towers in the United States, Canada, Costa Rica, El Salvador, Guatemala, Nicaragua, Panama, and Brazil. SBA Communications has a market cap of $12.5 billion and is part of the services sector. Shares are up 8.7% year to date as of the close of trading on Thursday. Currently there are 13 analysts that rate SBA Communications a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates SBA Communications as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.

On the positive front, Strayer Education ( STRA), up 37.9%, Shutterstock ( SSTK), up 18.9%, LoJack Corporation ( LOJN), up 16.2% and Industrial Services of America ( IDSA), up 10.6% , were all gainers within the diversified services industry with AerCap Holdings N.V ( AER) being today's featured diversified services industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the diversified services industry could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the diversified services industry could consider ProShares Ultra Short Consumer Sers ( SCC).

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