Teachers Advisors LLC Grows Stake in Sprint Corp (S)

Teachers Advisors LLC increased its position in shares of Sprint Corp (NYSE:S) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,383,616 shares of the cell phone carrier’s stock after purchasing an additional 39,037 shares during the period. Teachers Advisors LLC’s holdings in Sprint were worth $8,149,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Swiss National Bank boosted its stake in Sprint by 0.4% in the 4th quarter. Swiss National Bank now owns 2,945,151 shares of the cell phone carrier’s stock valued at $17,347,000 after buying an additional 10,900 shares in the last quarter. Gateway Investment Advisers LLC boosted its stake in Sprint by 5.3% in the 4th quarter. Gateway Investment Advisers LLC now owns 233,970 shares of the cell phone carrier’s stock valued at $1,378,000 after buying an additional 11,800 shares in the last quarter. Toronto Dominion Bank boosted its stake in Sprint by 39.7% in the 4th quarter. Toronto Dominion Bank now owns 47,111 shares of the cell phone carrier’s stock valued at $278,000 after buying an additional 13,396 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Sprint by 6.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 229,692 shares of the cell phone carrier’s stock valued at $1,353,000 after buying an additional 13,719 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Sprint by 15.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 112,697 shares of the cell phone carrier’s stock valued at $877,000 after buying an additional 14,736 shares in the last quarter. Institutional investors and hedge funds own 13.64% of the company’s stock.

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Several brokerages recently commented on S. Bank of America boosted their price target on Sprint from $2.60 to $3.00 and gave the company an “underperform” rating in a research note on Monday, February 5th. Barclays reaffirmed a “hold” rating and issued a $5.00 price target on shares of Sprint in a research note on Friday, January 19th. TheStreet raised Sprint from a “d+” rating to a “c” rating in a research note on Friday, February 2nd. Guggenheim began coverage on Sprint in a research note on Tuesday, March 13th. They issued a “sell” rating and a $4.50 price target on the stock. Finally, Citigroup reaffirmed a “neutral” rating and issued a $6.50 price target (down previously from $7.50) on shares of Sprint in a research note on Thursday, February 8th. Ten investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. Sprint presently has an average rating of “Hold” and a consensus price target of $6.02.

In other Sprint news, major shareholder Group Corp Softbank acquired 6,239,538 shares of Sprint stock in a transaction on Thursday, January 11th. The shares were bought at an average price of $5.70 per share, with a total value of $35,565,366.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders acquired 17,736,804 shares of company stock worth $101,618,582. Insiders own 0.18% of the company’s stock.

Sprint stock opened at $5.17 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $19,855.07, a price-to-earnings ratio of -18.46 and a beta of 0.68. Sprint Corp has a 52 week low of $4.81 and a 52 week high of $9.22.

Sprint (NYSE:S) last posted its quarterly earnings data on Friday, February 2nd. The cell phone carrier reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The company had revenue of $8.24 billion for the quarter, compared to analyst estimates of $8.19 billion. Sprint had a negative return on equity of 0.94% and a net margin of 21.41%. The business’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.46) earnings per share.

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Sprint 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.

Institutional Ownership by Quarter for Sprint (NYSE:S)

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