Cowen Inc. reduced its holdings in Sprint Corp (NYSE:S) by 55.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,900 shares of the cell phone carrier’s stock after selling 67,100 shares during the quarter. Cowen Inc.’s holdings in Sprint were worth $312,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of S. Crossmark Global Holdings Inc. acquired a new stake in Sprint in the 3rd quarter valued at approximately $141,000. State of Wisconsin Investment Board increased its position in shares of Sprint by 3.9% during the 3rd quarter. State of Wisconsin Investment Board now owns 954,107 shares of the cell phone carrier’s stock valued at $7,423,000 after purchasing an additional 35,910 shares during the period. Swiss National Bank increased its position in shares of Sprint by 1.0% during the 3rd quarter. Swiss National Bank now owns 2,934,251 shares of the cell phone carrier’s stock valued at $22,828,000 after purchasing an additional 28,900 shares during the period. CIBC Asset Management Inc increased its position in shares of Sprint by 7.7% during the 3rd quarter. CIBC Asset Management Inc now owns 157,686 shares of the cell phone carrier’s stock valued at $1,227,000 after purchasing an additional 11,270 shares during the period. Finally, Toronto Dominion Bank increased its position in shares of Sprint by 244.0% during the 3rd quarter. Toronto Dominion Bank now owns 33,715 shares of the cell phone carrier’s stock valued at $262,000 after purchasing an additional 23,915 shares during the period. Hedge funds and other institutional investors own 13.63% of the company’s stock.
S has been the topic of several research analyst reports. Vetr cut Sprint from a “strong-buy” rating to a “buy” rating and set a $5.90 price target on the stock. in a research report on Thursday, January 4th. Cowen reiterated a “hold” rating on shares of Sprint in a research report on Monday, February 5th. Barclays restated a “hold” rating and issued a $5.00 target price on shares of Sprint in a report on Friday, January 19th. Deutsche Bank decreased their target price on Sprint to $5.50 and set a “hold” rating on the stock in a report on Monday, December 11th. Finally, KeyCorp set a $5.00 target price on Sprint and gave the stock an “underweight” rating in a report on Tuesday, January 2nd. Ten investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $6.02.
Shares of Sprint Corp (S) opened at $5.36 on Friday. The company has a market capitalization of $21,055.98, a price-to-earnings ratio of 3.10 and a beta of 0.64. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.25. Sprint Corp has a 12-month low of $4.91 and a 12-month high of $9.22.
Sprint (NYSE:S) last issued its earnings results on Friday, February 2nd. The cell phone carrier reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The business had revenue of $8.24 billion during the quarter, compared to analysts’ expectations of $8.19 billion. Sprint had a negative return on equity of 0.94% and a net margin of 21.41%. Sprint’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.46) earnings per share. research analysts expect that Sprint Corp will post 1.75 EPS for the current year.
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.
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