Sprint Corp (S) Holdings Lowered by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its position in Sprint Corp (NYSE:S) by 62.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,731,486 shares of the cell phone carrier’s stock after selling 4,447,944 shares during the quarter. Janus Henderson Group PLC owned approximately 0.07% of Sprint worth $21,251,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in S. Financial Counselors Inc. lifted its position in shares of Sprint by 1.7% in the second 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 in the last quarter. Commerce Bank purchased a new stake in shares of Sprint in the third quarter worth approximately $100,000. Advisors Asset Management Inc. lifted its position in shares of Sprint by 2.2% in the second quarter. Advisors Asset Management Inc. now owns 14,809 shares of the cell phone carrier’s stock worth $122,000 after purchasing an additional 318 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Sprint in the second quarter worth approximately $125,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Sprint in the third quarter worth approximately $141,000. Institutional investors own 13.74% of the company’s stock.

In other news, major shareholder Group Corp Softbank purchased 5,095,549 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were bought at an average price of $5.64 per share, with a total value of $28,738,896.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul W. Schieber, Jr. sold 144,041 shares of Sprint stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $5.74, for a total transaction of $826,795.34. Following the completion of the transaction, the vice president now directly owns 204,168 shares in the company, valued at approximately $1,171,924.32. The disclosure for this sale can be found here. In the last three months, insiders bought 32,017,395 shares of company stock worth $187,921,002 and sold 913,236 shares worth $5,377,413. Company insiders own 0.18% of the company’s stock.

A number of research firms have recently issued reports on S. Moffett Nathanson reissued a “sell” rating on shares of Sprint in a research report on Thursday, October 12th. Nomura reissued a “neutral” rating and issued a $7.00 price target (down from $8.00) on shares of Sprint in a research report on Thursday, October 26th. ValuEngine lowered shares of Sprint from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Oppenheimer reissued a “hold” rating on shares of Sprint in a research report on Wednesday, September 20th. Finally, Macquarie reaffirmed a “hold” rating and set a $6.50 price objective on shares of Sprint in a research report on Tuesday, November 7th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $7.10.

Sprint Corp (NYSE:S) opened at $5.64 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.10 and a quick ratio of 1.03. Sprint Corp has a 52-week low of $5.42 and a 52-week high of $9.65.

Sprint (NYSE:S) last issued its quarterly earnings data on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share 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 for the quarter, compared to analyst estimates of $8.05 billion. During the same quarter last year, the firm earned ($0.04) earnings per share. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. sell-side analysts forecast that Sprint Corp will post -0.02 earnings per share for the current year.

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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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