Strs Ohio increased its position in Sprint Corporation (NYSE:S) by 3,034.3% during the second quarter, Holdings Channel reports. The institutional investor owned 348,721 shares of the cell phone carrier’s stock after buying an additional 337,595 shares during the period. Strs Ohio’s holdings in Sprint Corporation were worth $2,862,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Ronald Blue & Co. LLC boosted its position in Sprint Corporation by 1.1% in the first quarter. Ronald Blue & Co. LLC now owns 21,322 shares of the cell phone carrier’s stock valued at $185,000 after buying an additional 222 shares during the period. Pacer Advisors Inc. boosted its position in Sprint Corporation by 1.9% in the first quarter. Pacer Advisors Inc. now owns 25,756 shares of the cell phone carrier’s stock valued at $223,000 after buying an additional 483 shares during the period. World Asset Management Inc boosted its position in Sprint Corporation by 2.9% in the first quarter. World Asset Management Inc now owns 24,645 shares of the cell phone carrier’s stock valued at $214,000 after buying an additional 693 shares during the period. Mackenzie Financial Corp boosted its position in Sprint Corporation by 5.8% in the first quarter. Mackenzie Financial Corp now owns 15,701 shares of the cell phone carrier’s stock valued at $136,000 after buying an additional 854 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its position in Sprint Corporation by 5.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 20,647 shares of the cell phone carrier’s stock valued at $168,000 after buying an additional 981 shares during the period. Hedge funds and other institutional investors own 14.35% of the company’s stock.
Sprint Corporation (NYSE S) opened at 8.22 on Thursday. The company’s market cap is $32.82 billion. Sprint Corporation has a 52 week low of $5.83 and a 52 week high of $9.65. The company’s 50-day moving average price is $8.33 and its 200 day moving average price is $8.48.
Sprint Corporation (NYSE:S) last released its quarterly earnings data on Tuesday, August 1st. The cell phone carrier reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. The business had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.14 billion. Sprint Corporation had a negative return on equity of 3.66% and a negative net margin of 2.08%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.08) earnings per share. On average, analysts anticipate that Sprint Corporation will post ($0.83) EPS for the current year.
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Several equities analysts have recently commented on S shares. Macquarie increased their target price on Sprint Corporation from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Thursday, May 4th. SunTrust Banks, Inc. started coverage on Sprint Corporation in a research report on Tuesday, April 18th. They set a “hold” rating and a $9.00 price target on the stock. Cowen and Company dropped their price target on Sprint Corporation from $7.50 to $6.50 and set a “market perform” rating on the stock in a research report on Thursday, May 4th. TheStreet raised Sprint Corporation from a “d+” rating to a “c+” rating in a research report on Wednesday, May 3rd. Finally, Wells Fargo & Company reissued an “outperform” rating on shares of Sprint Corporation in a research report on Wednesday, June 28th. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $9.89.
In other Sprint Corporation news, VP Paul W. Schieber, Jr. sold 24,465 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $8.22, for a total value of $201,102.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.
Sprint Corporation Company Profile
Sprint Corporation (Sprint) is a holding company. The Company, along with its subsidiaries, is a communications company offering a range of wireless and wireline communications products and services that are designed to meet the needs of consumers, businesses, government subscribers and resellers. It operates through two segments: Wireless and Wireline.
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