Aperio Group LLC Acquires 37,947 Shares of Sprint Corp (S)

Aperio Group LLC raised its holdings in Sprint Corp (NYSE:S) by 8.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 491,655 shares of the cell phone carrier’s stock after purchasing an additional 37,947 shares during the quarter. Aperio Group LLC’s holdings in Sprint were worth $3,215,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of S. Financial Counselors Inc. purchased a new stake in Sprint in the second quarter valued at $100,000. Tower Research Capital LLC TRC boosted its holdings in Sprint by 1,223.7% in the second quarter. Tower Research Capital LLC TRC now owns 19,855 shares of the cell phone carrier’s stock valued at $108,000 after purchasing an additional 18,355 shares during the last quarter. Levin Capital Strategies L.P. purchased a new stake in Sprint in the second quarter valued at $136,000. Caption Management LLC boosted its holdings in Sprint by 294.4% in the second quarter. Caption Management LLC now owns 28,000 shares of the cell phone carrier’s stock valued at $153,000 after purchasing an additional 20,900 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its stake in shares of Sprint by 135.3% during the 1st quarter. WINTON GROUP Ltd now owns 32,122 shares of the cell phone carrier’s stock worth $157,000 after acquiring an additional 18,468 shares in the last quarter. 13.13% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Sprint from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. ValuEngine raised shares of Sprint from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $5.85.

In related news, insider John Saw sold 260,095 shares of the firm’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $6.14, for a total value of $1,596,983.30. Following the transaction, the insider now directly owns 1,333,982 shares of the company’s stock, valued at approximately $8,190,649.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.39% of the company’s stock.

S stock opened at $6.27 on Monday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.10 and a current ratio of 1.12. Sprint Corp has a 52-week low of $4.81 and a 52-week high of $6.75. The stock has a market cap of $25.10 billion, a PE ratio of 89.57 and a beta of 0.80.

Sprint (NYSE:S) last posted its earnings results on Wednesday, October 31st. The cell phone carrier reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.06. Sprint had a net margin of 23.12% and a return on equity of 1.36%. The business had revenue of $8.43 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same period in the prior year, the company posted ($0.01) EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis.

Sprint Profile

Sprint Corporation, together with 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 United States Virgin Islands. It operates in two segments, Wireless and Wireline.

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Institutional Ownership by Quarter for Sprint (NYSE:S)

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