Swiss National Bank Acquires 28,900 Shares of Sprint Corporation (S)

Swiss National Bank raised its holdings in Sprint Corporation (NYSE:S) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,934,251 shares of the cell phone carrier’s stock after buying an additional 28,900 shares during the period. Swiss National Bank owned approximately 73,458.38% of Sprint Corporation worth $22,828,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. IPG Investment Advisors LLC purchased a new position in Sprint Corporation in the 3rd quarter valued at approximately $207,000. Gamco Investors INC. ET AL boosted its position in Sprint Corporation by 8.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 1,728,085 shares of the cell phone carrier’s stock valued at $13,445,000 after buying an additional 138,077 shares during the period. State of Wisconsin Investment Board boosted its position in Sprint Corporation by 3.9% in the 3rd quarter. State of Wisconsin Investment Board now owns 954,107 shares of the cell phone carrier’s stock valued at $7,423,000 after buying an additional 35,910 shares during the period. Parametrica Management Ltd boosted its position in Sprint Corporation by 100.0% in the 3rd quarter. Parametrica Management Ltd now owns 51,791 shares of the cell phone carrier’s stock valued at $403,000 after buying an additional 25,900 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new position in Sprint Corporation in the 3rd quarter valued at approximately $141,000. 13.80% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Sprint Corporation from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Tuesday, October 3rd. Vetr cut shares of Sprint Corporation from a “strong-buy” rating to a “buy” rating and set a $7.10 price objective for the company. in a research report on Thursday, November 2nd. UBS AG reaffirmed a “buy” rating and set a $7.50 price objective (down from $9.00) on shares of Sprint Corporation in a research report on Monday, November 6th. KeyCorp reaffirmed a “hold” rating on shares of Sprint Corporation in a research report on Wednesday, October 11th. Finally, Deutsche Bank AG decreased their price objective on shares of Sprint Corporation from $8.00 to $7.00 and set a “hold” rating for the company in a research report on Tuesday, October 10th. Eight investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $7.19.

In other news, major shareholder Group Corp Softbank acquired 4,322,990 shares of Sprint Corporation stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average price of $6.21 per share, with a total value of $26,845,767.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Tarek Robbiati sold 363,529 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $6.00, for a total transaction of $2,181,174.00. Following the transaction, the chief financial officer now directly owns 1,901,974 shares in the company, valued at approximately $11,411,844. The disclosure for this sale can be found here. Insiders acquired 16,644,832 shares of company stock worth $100,589,834 in the last ninety days. Insiders own 0.18% of the company’s stock.

Shares of Sprint Corporation (NYSE S) opened at $6.23 on Friday. Sprint Corporation has a fifty-two week low of $5.62 and a fifty-two week high of $9.65. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.10 and a quick ratio of 1.03.

Sprint Corporation (NYSE:S) last announced its quarterly earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Sprint Corporation had a negative net margin of 1.82% and a negative return on equity of 3.19%. The company had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $8.05 billion. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. research analysts expect that Sprint Corporation will post -0.02 earnings per share for the current year.

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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.

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

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