Mn Services Vermogensbeheer B.V. increased its position in shares of Sprint Corporation (NYSE:S) by 524.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 128,842 shares of the cell phone carrier’s stock after buying an additional 108,195 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Sprint Corporation were worth $1,058,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Sigma Planning Corp purchased a new position in shares of Sprint Corporation during the first quarter valued at $135,000. Quantbot Technologies LP purchased a new position in shares of Sprint Corporation during the first quarter valued at $1,023,000. Karp Capital Management Corp purchased a new position in shares of Sprint Corporation during the first quarter valued at $1,792,000. Gateway Investment Advisers LLC increased its position in shares of Sprint Corporation by 132.6% in the second quarter. Gateway Investment Advisers LLC now owns 97,701 shares of the cell phone carrier’s stock valued at $802,000 after buying an additional 55,704 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Sprint Corporation by 16.8% in the first quarter. Bank of America Corp DE now owns 645,740 shares of the cell phone carrier’s stock valued at $5,605,000 after buying an additional 93,034 shares in the last quarter. Institutional investors and hedge funds own 14.35% of the company’s stock.

Sprint Corporation (S) traded down 0.92% during midday trading on Monday, hitting $8.62. 11,011,674 shares of the stock were exchanged. Sprint Corporation has a 12-month low of $5.83 and a 12-month high of $9.65. The stock’s market cap is $34.42 billion. The firm has a 50 day moving average of $8.25 and a 200-day moving average of $8.49.

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, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. Sprint Corporation had a negative net margin of 2.08% and a negative return on equity of 3.66%. The firm had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.14 billion. During the same quarter last year, the firm posted ($0.08) earnings per share. Sprint Corporation’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities analysts expect that Sprint Corporation will post ($0.83) earnings per share for the current year.

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Several research analysts recently weighed in on the stock. Cowen and Company reaffirmed a “market perform” rating and issued a $6.50 target price on shares of Sprint Corporation in a report on Wednesday, August 2nd. Wells Fargo & Company reiterated an “outperform” rating on shares of Sprint Corporation in a research note on Wednesday, August 2nd. UBS AG reiterated a “neutral” rating and issued a $9.00 price target on shares of Sprint Corporation in a research note on Wednesday, August 2nd. Jefferies Group LLC reiterated a “sell” rating and issued a $5.00 price target on shares of Sprint Corporation in a research note on Friday, July 14th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $8.00 price target on shares of Sprint Corporation in a research note on Sunday, July 9th. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $9.78.

In related news, VP Paul W. Schieber, Jr. sold 24,465 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $8.22, for a total value of $201,102.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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.

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

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