Tower Research Capital LLC TRC Increases Holdings in Sprint Corp (S)

Tower Research Capital LLC TRC raised its holdings in shares of Sprint Corp (NYSE:S) by 6,153.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 319,809 shares of the cell phone carrier’s stock after purchasing an additional 314,695 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Sprint were worth $1,883,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in S. PNC Financial Services Group Inc. lifted its holdings in Sprint by 4.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 43,611 shares of the cell phone carrier’s stock valued at $359,000 after purchasing an additional 1,898 shares during the last quarter. FMR LLC lifted its holdings in Sprint by 3.1% during the 2nd quarter. FMR LLC now owns 3,835,837 shares of the cell phone carrier’s stock valued at $31,492,000 after purchasing an additional 115,192 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Sprint by 8.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 128,589 shares of the cell phone carrier’s stock valued at $1,055,000 after purchasing an additional 9,491 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Sprint by 12.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 44,213 shares of the cell phone carrier’s stock valued at $363,000 after purchasing an additional 4,771 shares during the last quarter. Finally, Nomura Holdings Inc. lifted its holdings in Sprint by 673.2% during the 2nd quarter. Nomura Holdings Inc. now owns 57,166 shares of the cell phone carrier’s stock valued at $449,000 after purchasing an additional 67,139 shares during the last quarter. 13.77% of the stock is owned by institutional investors and hedge funds.

Sprint Corp (NYSE S) opened at $5.39 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $21,976.72, a price-to-earnings ratio of 3.12 and a beta of 0.64. Sprint Corp has a 12-month low of $4.91 and a 12-month high of $9.44.

Sprint (NYSE:S) last posted its quarterly earnings data on Friday, February 2nd. The cell phone carrier reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.02. The firm had revenue of $8.24 billion for 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%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.46) EPS. sell-side analysts forecast that Sprint Corp will post 1.76 earnings per share for the current fiscal year.

In related news, VP Paul W. Schieber, Jr. sold 144,041 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $5.74, for a total value of $826,795.34. Following the transaction, the vice president now owns 204,168 shares in the company, valued at $1,171,924.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jorge Enrique Gracia sold 112,959 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $6.18, for a total value of $698,086.62. Following the completion of the transaction, the insider now owns 858,383 shares in the company, valued at approximately $5,304,806.94. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 55,763,951 shares of company stock worth $321,193,612 and have sold 549,707 shares worth $3,196,239. 0.18% of the stock is owned by company insiders.

Several brokerages have issued reports on S. Citigroup reaffirmed a “neutral” rating and set a $6.50 price target (down previously from $7.50) on shares of Sprint in a report on Thursday, February 8th. TheStreet raised Sprint from a “d+” rating to a “c” rating in a report on Friday, February 2nd. Robert W. Baird reaffirmed a “hold” rating and set a $6.00 price target on shares of Sprint in a report on Friday, February 2nd. Cowen reaffirmed a “hold” rating on shares of Sprint in a report on Monday, February 5th. Finally, Bank of America raised their price target on Sprint from $2.60 to $3.00 and gave the company an “underperform” rating in a report on Monday, February 5th. Nine analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $6.11.

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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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