Nwi Management Lp Exits Position in Sprint Corp (S)

Sprint Corp (S) : Nwi Management Lp has sold out all of its stake in Sprint Corp during the most recent quarter, according to the disclosure filed by the company on Aug 11, 2016 with the SEC. The investment management company has sold out 800,000 shares of Sprint Corp which is valued at $4,872,000.

Other Hedge Funds, Including , Raymond James Associates boosted its stake in S in the latest quarter, The investment management firm added 843 additional shares and now holds a total of 18,504 shares of Sprint Corp which is valued at $112,689.Vanguard Group Inc boosted its stake in S in the latest quarter, The investment management firm added 1,719,929 additional shares and now holds a total of 38,197,106 shares of Sprint Corp which is valued at $232,620,376. Sprint Corp makes up approx 0.01% of Vanguard Group Inc’s portfolio.Diamond Hill Capital Management Inc boosted its stake in S in the latest quarter, The investment management firm added 2,531 additional shares and now holds a total of 13,556 shares of Sprint Corp which is valued at $82,556.Proficio Capital Partners boosted its stake in S in the latest quarter, The investment management firm added 830 additional shares and now holds a total of 1,074 shares of Sprint Corp which is valued at $6,594.

Sprint Corp opened for trading at $6.04 and hit $6.16 on the upside on Tuesday, eventually ending the session at $6.12, with a gain of 1.32% or 0.08 points. The heightened volatility saw the trading volume jump to 1,66,28,172 shares. Company has a market cap of $24,348 M.

On the company’s financial health, Sprint Corp reported $-0.08 EPS for the quarter, based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus estimate of $-0.08. The company had revenue of $8012.00 million for the quarter, compared to analysts expectations of $7987.04 million. The company’s revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.01 EPS.

Many Wall Street Analysts have commented on Sprint Corp. Sprint Corp was Downgraded by Buckingham Research to ” Underperform” on Aug 25, 2016. Company shares were Reiterated by RBC Capital Mkts on Jul 26, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 6 from a previous price target of $5 .Sprint Corp was Upgraded by Pacific Crest to ” Sector Weight” on Jul 26, 2016.

Sprint Corporation is a holding company. The Company along with its subsidiaries is a wireless communications company offering a range of wireless and wireline communications products and services. The Company operates in two segments: Wireless and Wireline. Its services are provided through its ownership of wireless networks an all-digital global wireline network and a Tier 1 Internet backbone. It offers wireless and wireline services to subscribers in all 50 states Puerto Rico and the United States Virgin Islands under the Sprint corporate brand which includes its retail brands of Sprint Boost Mobile Virgin Mobile and Assurance Wireless. It markets its postpaid services under the Sprint brand. It markets its prepaid services under the Sprint Boost Mobile Virgin Mobile and Assurance Wireless brands. In addition it sells accessories such as carrying cases hands-free devices and and it sells devices and accessories to agents and other third-party distributors for resale.

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