Telemetry Investments L.L.C. purchased a new stake in Sprint Corp (NYSE:S) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 61,397 shares of the cell phone carrier’s stock, valued at approximately $357,000.

Other institutional investors also recently modified their holdings of the company. IndexIQ Advisors LLC increased its holdings in shares of Sprint by 8.0% in the third quarter. IndexIQ Advisors LLC now owns 1,912,738 shares of the cell phone carrier’s stock valued at $12,509,000 after purchasing an additional 141,307 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in Sprint by 15.4% in the third quarter. Panagora Asset Management Inc. now owns 508,499 shares of the cell phone carrier’s stock valued at $3,326,000 after acquiring an additional 67,915 shares during the last quarter. Mackenzie Financial Corp bought a new position in Sprint in the third quarter valued at approximately $1,116,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Sprint in the third quarter valued at approximately $1,277,000. Finally, Quantbot Technologies LP bought a new position in Sprint in the third quarter valued at approximately $472,000. 13.13% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE S traded up $0.05 during midday trading on Friday, reaching $6.31. 59,905 shares of the stock were exchanged, compared to its average volume of 13,730,800. The stock has a market cap of $25.22 billion, a price-to-earnings ratio of 90.57, a P/E/G ratio of 7.23 and a beta of 0.51. Sprint Corp has a 12 month low of $4.81 and a 12 month high of $6.62. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 1.28.

Sprint (NYSE:S) last announced its quarterly earnings results on Thursday, January 31st. The cell phone carrier reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.40 billion. Sprint had a return on equity of 1.08% and a net margin of 0.90%. During the same period in the prior year, the business earned $1.76 earnings per share. On average, research analysts anticipate that Sprint Corp will post 0.04 EPS for the current fiscal year.

A number of equities analysts have issued reports on the stock. ValuEngine raised shares of Sprint from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research raised shares of Sprint from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research note on Tuesday, November 27th. William Blair reaffirmed an “underperform” rating on shares of Sprint in a research note on Monday, February 11th. Finally, Cowen reaffirmed a “hold” rating and issued a $4.50 price objective on shares of Sprint in a research note on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $5.83.

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Sprint Company Profile

Sprint Corporation, together with its subsidiaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the United States Virgin Islands. It operates in two segments, Wireless and Wireline.

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Institutional Ownership by Quarter for Sprint (NYSE:S)

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