Scout Investments Inc. Acquires 2,908,205 Shares of Sprint Co. (S)

Scout Investments Inc. raised its holdings in Sprint Co. (NYSE:S) by 97.2% during the 1st quarter, Holdings Channel reports. The firm owned 5,899,155 shares of the cell phone carrier’s stock after acquiring an additional 2,908,205 shares during the period. Sprint accounts for 0.7% of Scout Investments Inc.’s holdings, making the stock its 26th biggest holding. Scout Investments Inc.’s holdings in Sprint were worth $28,788,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Westside Investment Management Inc. boosted its holdings in Sprint by 872.7% in the fourth quarter. Westside Investment Management Inc. now owns 17,490 shares of the cell phone carrier’s stock valued at $101,000 after purchasing an additional 15,692 shares during the last quarter. BancorpSouth Bank purchased a new stake in shares of Sprint during the 4th quarter worth about $104,000. Wetherby Asset Management Inc. purchased a new stake in shares of Sprint during the 1st quarter worth about $126,000. Delpha Capital Management LLC purchased a new stake in shares of Sprint during the 4th quarter worth about $131,000. Finally, Aspiriant LLC purchased a new stake in shares of Sprint during the 1st quarter worth about $151,000. 12.68% of the stock is currently owned by institutional investors.

S has been the topic of several recent analyst reports. Macquarie lowered shares of Sprint from a “neutral” rating to an “underperform” rating and set a $5.00 target price on the stock. in a research note on Tuesday, January 23rd. ValuEngine lowered shares of Sprint from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 1st. Guggenheim raised shares of Sprint from a “sell” rating to a “neutral” rating and set a $4.50 target price on the stock in a research note on Monday, April 30th. Bank of America increased their target price on shares of Sprint from $2.60 to $3.00 and gave the stock an “underperform” rating in a research note on Monday, February 5th. Finally, Cowen reissued a “hold” rating on shares of Sprint in a research note on Monday, February 5th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $5.91.

S stock opened at $5.11 on Monday. The stock has a market capitalization of $20.46 billion, a price-to-earnings ratio of 127.75 and a beta of 0.66. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.92 and a quick ratio of 0.83. Sprint Co. has a 12 month low of $4.81 and a 12 month high of $9.02.

Sprint (NYSE:S) last released its quarterly earnings data on Wednesday, May 2nd. The cell phone carrier reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.09. The company had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $7.99 billion. Sprint had a net margin of 22.80% and a return on equity of 0.73%. Sprint’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.07) EPS. sell-side analysts expect that Sprint Co. will post -0.04 earnings per share for the current year.

In other Sprint news, insider John Saw sold 88,319 shares of the stock in a transaction dated Friday, April 27th. The shares were sold at an average price of $6.50, for a total value of $574,073.50. Following the completion of the sale, the insider now owns 1,149,057 shares in the company, valued at approximately $7,468,870.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

About Sprint

Sprint Corporation, through its subsidiaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates in two segments, Wireless and Wireline.

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Institutional Ownership by Quarter for Sprint (NYSE:S)

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