Personal Capital Advisors Corp lifted its stake in shares of Sprint Corp (NYSE:S) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 964,940 shares of the cell phone carrier’s stock after purchasing an additional 92,378 shares during the period. Personal Capital Advisors Corp’s holdings in Sprint were worth $5,683,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Commerce Bank purchased a new stake in shares of Sprint during the 3rd quarter worth approximately $100,000. Crossmark Global Holdings Inc. purchased a new position in Sprint in the 3rd quarter valued at approximately $141,000. Americafirst Capital Management LLC purchased a new position in Sprint in the 3rd quarter valued at approximately $156,000. Capital Bank & Trust Co grew its stake in Sprint by 10,821.7% in the 3rd quarter. Capital Bank & Trust Co now owns 21,625 shares of the cell phone carrier’s stock valued at $168,000 after buying an additional 21,427 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Sprint by 52.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 21,976 shares of the cell phone carrier’s stock valued at $180,000 after buying an additional 7,585 shares in the last quarter. Institutional investors own 13.74% of the company’s stock.

Sprint Corp (NYSE:S) opened at $5.47 on Friday. 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 fifty-two week low of $5.24 and a fifty-two week high of $9.65.

Sprint (NYSE:S) last announced its quarterly earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $8.05 billion. During the same period last year, the firm earned ($0.04) EPS. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. analysts forecast that Sprint Corp will post -0.01 EPS for the current fiscal year.

In other Sprint news, insider Dow Draper sold 292,707 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $5.71, for a total value of $1,671,356.97. Following the completion of the transaction, the insider now directly owns 1,165,158 shares of the company’s stock, valued at approximately $6,653,052.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Group Corp Softbank purchased 6,484,367 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was purchased at an average cost of $5.92 per share, with a total value of $38,387,452.64. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 72,408,783 shares of company stock valued at $421,783,446 and sold 913,236 shares valued at $5,377,413. 0.18% of the stock is owned by company insiders.

A number of research analysts recently weighed in on S shares. Zacks Investment Research upgraded shares of Sprint from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research note on Tuesday, October 3rd. Deutsche Bank reduced their price objective on shares of Sprint from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Tuesday, October 10th. KeyCorp reiterated a “hold” rating on shares of Sprint in a research note on Wednesday, October 11th. ValuEngine lowered shares of Sprint from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Finally, BTIG Research lifted their price objective on shares of Sprint from $3.85 to $4.00 and gave the company a “sell” rating in a research note on Wednesday, October 18th. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $6.52.

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About Sprint

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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Institutional Ownership by Quarter for Sprint (NYSE:S)

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