Janus Henderson Group PLC Increases Position in Sprint Corporation (S)

Janus Henderson Group PLC boosted its position in shares of Sprint Corporation (NYSE:S) by 6,509.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,179,430 shares of the cell phone carrier’s stock after buying an additional 7,070,812 shares during the period. Janus Henderson Group PLC owned approximately 0.18% of Sprint Corporation worth $58,944,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in S. BlackRock Inc. boosted its stake in Sprint Corporation by 4,924.2% during the first quarter. BlackRock Inc. now owns 39,211,547 shares of the cell phone carrier’s stock valued at $340,355,000 after buying an additional 38,431,100 shares during the last quarter. Odey Asset Management Group Ltd boosted its stake in Sprint Corporation by 107.3% during the second quarter. Odey Asset Management Group Ltd now owns 8,124,955 shares of the cell phone carrier’s stock valued at $66,706,000 after buying an additional 4,204,955 shares during the last quarter. Janus Capital Management LLC boosted its stake in Sprint Corporation by 94.3% during the first quarter. Janus Capital Management LLC now owns 6,689,392 shares of the cell phone carrier’s stock valued at $58,064,000 after buying an additional 3,247,400 shares during the last quarter. Vanguard Group Inc. boosted its stake in Sprint Corporation by 5.1% during the first quarter. Vanguard Group Inc. now owns 37,670,102 shares of the cell phone carrier’s stock valued at $326,977,000 after buying an additional 1,823,591 shares during the last quarter. Finally, UBS Oconnor LLC bought a new position in Sprint Corporation during the first quarter valued at approximately $9,118,000. 13.95% of the stock is owned by institutional investors.

A number of equities analysts recently commented on the company. Wells Fargo & Company reissued an “outperform” rating on shares of Sprint Corporation in a research note on Wednesday, August 2nd. UBS AG reissued a “neutral” rating and set a $9.00 price target on shares of Sprint Corporation in a research note on Wednesday, August 2nd. Cowen and Company reissued a “market perform” rating and set a $6.50 price target on shares of Sprint Corporation in a research note on Wednesday, August 2nd. Jefferies Group LLC reissued a “sell” rating and set a $5.00 price target on shares of Sprint Corporation in a research note on Friday, July 14th. Finally, Barclays PLC reissued a “neutral” rating and set a $8.00 price target on shares of Sprint Corporation in a research note on Wednesday, August 9th. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. Sprint Corporation currently has an average rating of “Hold” and an average price target of $10.10.

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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. Sprint Corporation had a negative return on equity of 3.66% and a negative net margin of 2.08%. The firm had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.14 billion. During the same period in the prior year, the firm posted ($0.08) earnings per share. The firm’s quarterly revenue was up 1.8% on a year-over-year basis.

About Sprint Corporation

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.

Institutional Ownership by Quarter for Sprint Corporation (NYSE:S)

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