Canada Pension Plan Investment Board raised its position in shares of Sprint Corporation (NYSE:S) by 182.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 755,248 shares of the cell phone carrier’s stock after buying an additional 487,679 shares during the period. Canada Pension Plan Investment Board’s holdings in Sprint Corporation were worth $6,201,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in S. State of New Jersey Common Pension Fund D bought a new position in shares of Sprint Corporation during the first quarter worth approximately $29,512,000. New Jersey Better Educational Savings Trust bought a new position in shares of Sprint Corporation during the first quarter worth approximately $434,000. Shell Asset Management Co. raised its position in shares of Sprint Corporation by 17.6% in the first quarter. Shell Asset Management Co. now owns 45,764 shares of the cell phone carrier’s stock worth $397,000 after buying an additional 6,865 shares during the period. Glen Harbor Capital Management LLC raised its position in shares of Sprint Corporation by 475.3% in the first quarter. Glen Harbor Capital Management LLC now owns 36,380 shares of the cell phone carrier’s stock worth $316,000 after buying an additional 30,056 shares during the period. Finally, Profund Advisors LLC raised its position in shares of Sprint Corporation by 91.6% in the first quarter. Profund Advisors LLC now owns 249,798 shares of the cell phone carrier’s stock worth $2,168,000 after buying an additional 119,423 shares during the period. 14.29% of the stock is owned by hedge funds and other institutional investors.

Shares of Sprint Corporation (NYSE S) opened at 8.08 on Tuesday. The stock’s 50 day moving average is $8.34 and its 200-day moving average is $8.42. Sprint Corporation has a 1-year low of $5.83 and a 1-year high of $9.65. The stock’s market cap is $32.29 billion.

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 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 during the quarter, compared to analysts’ expectations of $8.14 billion. During the same quarter last year, the business earned ($0.08) earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, analysts predict that Sprint Corporation will post ($0.83) EPS for the current fiscal year.

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S has been the topic of a number of research reports. Vetr lowered shares of Sprint Corporation from a “buy” rating to a “hold” rating and set a $9.26 target price on the stock. in a research report on Tuesday, April 25th. Macquarie raised their target price on shares of Sprint Corporation from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Thursday, May 4th. Cowen and Company cut their price objective on shares of Sprint Corporation from $7.50 to $6.50 and set a “market perform” rating on the stock in a report on Thursday, May 4th. TheStreet raised shares of Sprint Corporation from a “d+” rating to a “c+” rating in a report on Wednesday, May 3rd. Finally, ValuEngine raised shares of Sprint Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Seven analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. Sprint Corporation has an average rating of “Hold” and an average target price of $9.89.

In related news, VP Paul W. Schieber, Jr. sold 24,465 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $8.22, for a total value of $201,102.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

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.

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

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