Cubist Systematic Strategies LLC lessened its stake in shares of Sprint Corp (NYSE:S) by 92.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,591 shares of the cell phone carrier’s stock after selling 178,753 shares during the period. Cubist Systematic Strategies LLC’s holdings in Sprint were worth $114,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Financial Counselors Inc. grew its position in Sprint by 1.7% during the 2nd quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock worth $100,000 after purchasing an additional 201 shares during the last quarter. Advisory Services Network LLC grew its position in Sprint by 1.2% during the 2nd quarter. Advisory Services Network LLC now owns 69,627 shares of the cell phone carrier’s stock worth $572,000 after purchasing an additional 802 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Sprint by 4.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 43,611 shares of the cell phone carrier’s stock valued at $359,000 after acquiring an additional 1,898 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Sprint by 15.2% in the 2nd quarter. Private Advisor Group LLC now owns 23,134 shares of the cell phone carrier’s stock valued at $190,000 after acquiring an additional 3,048 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Sprint by 12.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 44,213 shares of the cell phone carrier’s stock valued at $363,000 after acquiring an additional 4,771 shares during the last quarter. 13.74% of the stock is currently owned by institutional investors.

Sprint Corp (NYSE S) opened at $5.69 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 1.80. Sprint Corp has a 12 month low of $5.42 and a 12 month high of $9.65. The stock has a market cap of $22,760.00, a price-to-earnings ratio of -37.93 and a beta of 0.79.

Sprint (NYSE:S) last posted its 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 had a negative net margin of 1.82% and a negative return on equity of 3.19%. The firm had revenue of $7.93 billion during the quarter, compared to analysts’ expectations of $8.05 billion. During the same period in the previous year, the business posted ($0.04) EPS. The business’s revenue was down 3.9% compared to the same quarter last year. research analysts anticipate that Sprint Corp will post -0.01 earnings per share for the current year.

S has been the topic of several recent research reports. Oppenheimer reaffirmed a “hold” rating on shares of Sprint in a report on Wednesday, September 20th. Zacks Investment Research raised shares of Sprint from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a report on Tuesday, October 3rd. KeyCorp downgraded shares of Sprint from a “sector weight” rating to an “underweight” rating and set a $5.50 price objective on the stock. in a report on Monday, November 6th. UBS Group reaffirmed a “buy” rating and issued a $7.50 price objective (down from $9.00) on shares of Sprint in a report on Monday, November 6th. Finally, Deutsche Bank dropped their price objective on shares of Sprint to $5.50 and set a “hold” rating on the stock in a report on Monday, December 11th. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. Sprint currently has an average rating of “Hold” and a consensus price target of $6.72.

In other Sprint news, insider Dow Draper sold 292,707 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $5.71, for a total transaction of $1,671,356.97. Following the completion of the transaction, the insider now directly owns 1,165,158 shares in the company, valued at $6,653,052.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Group Corp Softbank acquired 4,322,990 shares of Sprint stock in a transaction on Thursday, November 9th. The shares were bought at an average price of $6.21 per share, with a total value of $26,845,767.90. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 66,259,693 shares of company stock valued at $386,856,614 and sold 913,236 shares valued at $5,377,413. Insiders own 0.18% of the company’s stock.

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Sprint 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 (NYSE:S)

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