Nordea Investment Management AB continued to hold its position in shares of Sprint Corporation (NYSE:S) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,560 shares of the cell phone carrier’s stock at the end of the 2nd quarter. Nordea Investment Management AB’s holdings in Sprint Corporation were worth $243,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of S. BlackRock Inc. raised its position in shares of Sprint Corporation by 4,924.2% during the 1st 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 in the last quarter. Janus Capital Management LLC raised its position in shares of Sprint Corporation by 94.3% during the 1st 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 in the last quarter. Vanguard Group Inc. raised its position in shares of Sprint Corporation by 5.1% during the 1st 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 in the last quarter. UBS Oconnor LLC purchased a new stake in shares of Sprint Corporation during the 1st quarter valued at $9,118,000. Finally, SG Americas Securities LLC raised its position in shares of Sprint Corporation by 753.3% during the 2nd quarter. SG Americas Securities LLC now owns 845,293 shares of the cell phone carrier’s stock valued at $6,940,000 after buying an additional 746,231 shares in the last quarter. Institutional investors and hedge funds own 13.95% of the company’s stock.
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Several research firms have recently weighed in on S. Cowen and Company restated a “market perform” rating and set a $6.50 price objective on shares of Sprint Corporation in a research report on Tuesday, August 8th. Barclays PLC reiterated a “neutral” rating and issued a $8.00 target price on shares of Sprint Corporation in a research report on Wednesday, August 9th. UBS AG reiterated a “neutral” rating and issued a $9.00 target price on shares of Sprint Corporation in a research report on Wednesday, August 2nd. BidaskClub cut shares of Sprint Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating on shares of Sprint Corporation in a research report on Wednesday, June 28th. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. Sprint Corporation presently has an average rating of “Hold” and an average price target of $10.10.
Shares of Sprint Corporation (S) opened at 7.19 on Thursday. The company’s market cap is $28.74 billion. Sprint Corporation has a 52 week low of $5.83 and a 52 week high of $9.65. The stock’s 50 day moving average is $7.90 and its 200-day moving average is $8.22.
Sprint Corporation (NYSE:S) last posted its quarterly earnings results on Tuesday, August 1st. The cell phone carrier reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.14 billion. Sprint Corporation had a negative net margin of 2.08% and a negative return on equity of 3.66%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.08) EPS. On average, equities analysts anticipate that Sprint Corporation will post ($0.83) earnings per share for the current year.
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.
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