Sprint Corp (S) : Ontario Teachers Pension Plan Board scooped up 4,499,400 additional shares in Sprint Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 42,242,856 shares of Sprint Corp which is valued at $316,821,420.Sprint Corp makes up approximately 3.27% of Ontario Teachers Pension Plan Board’s portfolio.
Other Hedge Funds, Including , Millennium Management reduced its stake in S by selling 704,613 shares or 85.14% in the most recent quarter. The Hedge Fund company now holds 122,935 shares of S which is valued at $922,013.Oppenheimer Co Inc reduced its stake in S by selling 4,400 shares or 16.82% in the most recent quarter. The Hedge Fund company now holds 21,755 shares of S which is valued at $134,446. Neuberger Berman Group sold out all of its stake in S during the most recent quarter. The investment firm sold 46,983 shares of S which is valued $279,549.First Trust Advisors Lp reduced its stake in S by selling 4,764,341 shares or 23.38% in the most recent quarter. The Hedge Fund company now holds 15,609,182 shares of S which is valued at $92,874,633. Sprint Corp makes up approx 0.29% of First Trust Advisors Lp’s portfolio.
Sprint Corp closed down -0.14 points or -1.87% at $7.35 with 1,67,89,651 shares getting traded on Monday. Post opening the session at $7.53, the shares hit an intraday low of $7.29 and an intraday high of $7.56 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Sprint Corp reported $-0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $-0.09. The company had revenue of $8247.00 million for the quarter, compared to analysts expectations of $8038.48 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.15 EPS.
Many Wall Street Analysts have commented on Sprint Corp. Company shares were Reiterated by FBR & Co. on Oct 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 8 from a previous price target of $7 .Company shares were Reiterated by Macquarie on Oct 13, 2016 to “Outperform”, Firm has raised the Price Target to $ 8 from a previous price target of $7 .Company shares were Reiterated by Barclays on Sep 20, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 6 from a previous price target of $5 .
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.