TD Asset Management Inc. decreased its position in Sprint Corporation (NYSE:S) by 8.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,961 shares of the cell phone carrier’s stock after selling 6,500 shares during the period. TD Asset Management Inc.’s holdings in Sprint Corporation were worth $599,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in S. Boothbay Fund Management LLC raised its stake in shares of Sprint Corporation by 8.3% in the fourth quarter. Boothbay Fund Management LLC now owns 12,187 shares of the cell phone carrier’s stock worth $103,000 after buying an additional 937 shares during the period. Advisors Asset Management Inc. raised its position in shares of 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 bought a new position in shares of Sprint Corporation during the first quarter worth $135,000. Focused Wealth Management Inc bought a new position in shares of Sprint Corporation during the fourth quarter worth $147,000. Finally, Tyers Asset Management LLC raised 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 during the period. Hedge funds and other institutional investors own 14.40% of the company’s stock.
Sprint Corporation (NYSE S) opened at 7.80 on Friday. Sprint Corporation has a 52 week low of $3.76 and a 52 week high of $9.65. The firm’s market cap is $31.13 billion. The stock has a 50 day moving average of $8.25 and a 200-day moving average of $8.53.
Sprint Corporation (NYSE:S) last issued its earnings results on Wednesday, May 3rd. The cell phone carrier reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The business had revenue of $8.54 billion for the quarter, compared to analyst estimates of $7.94 billion. Sprint Corporation had a negative return on equity of 5.90% and a negative net margin of 3.62%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.14) EPS. Analysts expect that Sprint Corporation will post ($0.83) earnings per share for the current year.
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A number of equities analysts have recently commented on S shares. Vetr raised shares of Sprint Corporation from a “hold” rating to a “buy” rating and set a $9.39 target price on the stock in a research note on Monday, February 27th. BidaskClub downgraded shares of Sprint Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday. TheStreet raised shares of Sprint Corporation from a “d+” rating to a “c+” rating in a research report on Wednesday, May 3rd. Zacks Investment Research lowered shares of Sprint Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, April 5th. Finally, SunTrust Banks, Inc. assumed coverage on shares of Sprint Corporation in a report on Tuesday, April 18th. They issued a “hold” rating and a $9.00 price target for the company. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $9.07.
In other news, VP Paul W. Schieber, Jr. sold 24,465 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $8.22, for a total transaction of $201,102.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.18% of the company’s stock.
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.
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