Sprint Corporation (NYSE:S) Shares Bought by Personal Capital Advisors Corp
Personal Capital Advisors Corp raised its position in shares of Sprint Corporation (NYSE:S) by 515.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 493,324 shares of the cell phone carrier’s stock after buying an additional 413,177 shares during the period. Personal Capital Advisors Corp’s holdings in Sprint Corporation were worth $4,050,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in Sprint Corporation by 60.4% in the first quarter. Advisors Asset Management Inc. now owns 14,491 shares of the cell phone carrier’s stock worth $126,000 after buying an additional 5,459 shares during the period. Sigma Planning Corp purchased a new position in shares of Sprint Corporation during the first quarter worth $135,000. Mackenzie Financial Corp boosted its position in shares of Sprint Corporation by 5.8% in the first quarter. Mackenzie Financial Corp now owns 15,701 shares of the cell phone carrier’s stock worth $136,000 after buying an additional 854 shares in the last quarter. Tyers Asset Management LLC boosted its position in shares of Sprint Corporation by 475.3% in the first quarter. Tyers Asset Management LLC now owns 17,120 shares of the cell phone carrier’s stock worth $149,000 after buying an additional 14,144 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its position in shares of Sprint Corporation by 9.2% in the first quarter. Capstone Asset Management Co. now owns 18,432 shares of the cell phone carrier’s stock worth $160,000 after buying an additional 1,552 shares in the last quarter. 14.35% of the stock is owned by institutional investors.
Sprint Corporation (NYSE:S) traded down 2.55% during midday trading on Tuesday, reaching $8.40. The company’s stock had a trading volume of 9,714,665 shares. The firm’s market capitalization is $33.54 billion. Sprint Corporation has a 52 week low of $5.83 and a 52 week high of $9.65. The stock has a 50 day moving average of $8.25 and a 200 day moving average of $8.49.
Sprint Corporation (NYSE:S) last announced its quarterly earnings data on Tuesday, August 1st. The cell phone carrier reported $0.05 EPS for the quarter, beating the 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 business had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.14 billion. During the same period in the previous year, the business earned ($0.08) earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. On average, equities research analysts predict that Sprint Corporation will post ($0.83) earnings per share for the current fiscal year.
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S has been the subject of a number of recent research reports. Vetr cut Sprint Corporation from a “strong-buy” rating to a “buy” rating and set a $9.26 price objective for the company. in a research report on Monday, April 10th. BidaskClub cut Sprint Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 15th. TheStreet upgraded Sprint Corporation from a “d+” rating to a “c+” rating in a research report on Wednesday, May 3rd. ValuEngine upgraded Sprint Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, SunTrust Banks, Inc. began coverage on Sprint Corporation in a research note on Tuesday, April 18th. They issued a “hold” rating and a $9.00 price target on the stock. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $9.78.
In other news, VP Paul W. Schieber, Jr. sold 24,465 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $8.22, for a total transaction of $201,102.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.
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.
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