Keybank National Association OH Takes Position in Sprint Corp (S)

Keybank National Association OH purchased a new stake in shares of Sprint Corp (NYSE:S) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 140,353 shares of the cell phone carrier’s stock, valued at approximately $827,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its holdings in Sprint by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,595,501 shares of the cell phone carrier’s stock valued at $27,973,000 after purchasing an additional 54,865 shares in the last quarter. Legal & General Group Plc grew its holdings in Sprint by 2.2% during the 3rd quarter. Legal & General Group Plc now owns 3,568,008 shares of the cell phone carrier’s stock worth $27,759,000 after acquiring an additional 75,465 shares in the last quarter. Gabelli Funds LLC grew its holdings in Sprint by 26.3% during the 4th quarter. Gabelli Funds LLC now owns 3,331,253 shares of the cell phone carrier’s stock worth $19,621,000 after acquiring an additional 692,700 shares in the last quarter. Swiss National Bank grew its holdings in Sprint by 0.4% during the 4th quarter. Swiss National Bank now owns 2,945,151 shares of the cell phone carrier’s stock worth $17,347,000 after acquiring an additional 10,900 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in Sprint by 2.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,218,300 shares of the cell phone carrier’s stock worth $17,331,000 after acquiring an additional 43,800 shares in the last quarter. 14.11% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on S shares. Vetr lowered shares of Sprint from a “strong-buy” rating to a “buy” rating and set a $7.10 price objective for the company. in a report on Thursday, November 2nd. KeyCorp lowered shares of Sprint from a “sector weight” rating to an “underweight” rating and set a $5.50 price objective for the company. in a report on Monday, November 6th. UBS Group reissued a “buy” rating and set a $7.50 price objective (down from $9.00) on shares of Sprint in a report on Monday, November 6th. Royal Bank of Canada reissued a “hold” rating and set a $8.00 price objective on shares of Sprint in a report on Tuesday, November 7th. Finally, Macquarie reissued a “hold” rating and set a $6.50 price objective on shares of Sprint in a report on Tuesday, November 7th. Nine research 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 stock has a consensus rating of “Hold” and an average target price of $6.11.

In related news, insider Jorge Enrique Gracia sold 112,959 shares of Sprint stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $6.18, for a total value of $698,086.62. Following the sale, the insider now directly owns 858,383 shares in the company, valued at approximately $5,304,806.94. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Dow Draper sold 292,707 shares of Sprint stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $5.71, for a total transaction of $1,671,356.97. Following the completion of the sale, the insider now owns 1,165,158 shares in the company, valued at $6,653,052.18. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 55,763,951 shares of company stock worth $321,193,612 and sold 549,707 shares worth $3,196,239. Company insiders own 0.18% of the company’s stock.

Sprint Corp (NYSE S) opened at $5.30 on Friday. Sprint Corp has a fifty-two week low of $4.91 and a fifty-two week high of $9.22. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.92 and a quick ratio of 0.83. The company has a market cap of $21,220.00, a PE ratio of -530.00 and a beta of 0.64.

Sprint (NYSE:S) last posted its quarterly earnings results on Friday, February 2nd. The cell phone carrier reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The business had revenue of $8.24 billion during the quarter, compared to analyst estimates of $8.19 billion. Sprint had a net margin of 21.41% and a negative return on equity of 0.94%. The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.46) EPS. analysts anticipate that Sprint Corp will post 1.76 earnings per share for the current fiscal year.

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Sprint 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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Institutional Ownership by Quarter for Sprint (NYSE:S)

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