Sprint Corporation (S) Holdings Lifted by Pacer Advisors Inc.

Pacer Advisors Inc. grew its holdings in shares of Sprint Corporation (NYSE:S) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,256 shares of the cell phone carrier’s stock after purchasing an additional 500 shares during the quarter. Pacer Advisors Inc.’s holdings in Sprint Corporation were worth $216,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of S. BlackRock Inc. raised its position in shares of Sprint Corporation by 4,924.2% in the 1st quarter. BlackRock Inc. now owns 39,211,547 shares of the cell phone carrier’s stock worth $340,355,000 after buying an additional 38,431,100 shares during the period. Vanguard Group Inc. raised its position in shares of Sprint Corporation by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 37,670,102 shares of the cell phone carrier’s stock worth $326,977,000 after buying an additional 1,823,591 shares during the period. Primecap Management Co. CA raised its position in shares of Sprint Corporation by 0.7% in the 1st quarter. Primecap Management Co. CA now owns 36,683,700 shares of the cell phone carrier’s stock worth $318,415,000 after buying an additional 242,400 shares during the period. State Street Corp raised its position in shares of Sprint Corporation by 1.7% in the 1st quarter. State Street Corp now owns 14,713,069 shares of the cell phone carrier’s stock worth $127,704,000 after buying an additional 243,184 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Sprint Corporation by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,024,710 shares of the cell phone carrier’s stock worth $60,959,000 after buying an additional 188,345 shares during the period. 13.96% of the stock is currently owned by institutional investors.

Shares of Sprint Corporation (NYSE S) opened at 7.69 on Friday. Sprint Corporation has a 52 week low of $5.83 and a 52 week high of $9.65. The firm’s market capitalization is $30.74 billion. The stock’s 50 day moving average price is $8.21 and its 200 day moving average price is $8.33. Sprint Corporation also was the target of some unusual options trading activity on Wednesday. Investors bought 2,058 put options on the company. This is an increase of approximately 459% compared to the typical volume of 368 put options.

Sprint Corporation (NYSE:S) last announced its quarterly earnings data on Tuesday, August 1st. The cell phone carrier reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.06. The business had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.14 billion. Sprint Corporation had a negative net margin of 2.08% and a negative return on equity of 3.66%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.08) earnings per share. On average, analysts predict that Sprint Corporation will post ($0.83) EPS for the current fiscal year.

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Several brokerages recently weighed in on S. Jefferies Group LLC reaffirmed a “sell” rating and issued a $5.00 target price on shares of Sprint Corporation in a research report on Friday, July 14th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Sprint Corporation in a research report on Wednesday, June 28th. Cowen and Company reaffirmed a “hold” rating and issued a $6.50 target price on shares of Sprint Corporation in a research report on Wednesday, July 19th. BidaskClub lowered Sprint Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Sprint Corporation in a research report on Wednesday, June 28th. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. Sprint Corporation has a consensus rating of “Hold” and a consensus target price of $10.26.

About Sprint Corporation

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 Corporation (NYSE:S)

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