Sprint Corp (NYSE:S) Holdings Raised by OTA Financial Group L.P.

OTA Financial Group L.P. boosted its stake in shares of Sprint Corp (NYSE:S) by 137.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 286,142 shares of the cell phone carrier’s stock after purchasing an additional 165,388 shares during the quarter. Sprint comprises 1.2% of OTA Financial Group L.P.’s portfolio, making the stock its 16th largest holding. OTA Financial Group L.P.’s holdings in Sprint were worth $1,616,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the business. KBC Group NV lifted its holdings in shares of Sprint by 14.3% during the fourth quarter. KBC Group NV now owns 60,289 shares of the cell phone carrier’s stock worth $351,000 after buying an additional 7,558 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Sprint by 1.9% during the fourth quarter. Rhumbline Advisers now owns 599,716 shares of the cell phone carrier’s stock worth $3,490,000 after buying an additional 11,181 shares during the last quarter. TD Asset Management Inc. lifted its holdings in shares of Sprint by 14.5% during the fourth quarter. TD Asset Management Inc. now owns 33,812 shares of the cell phone carrier’s stock worth $197,000 after buying an additional 4,270 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Sprint by 176.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 32,365 shares of the cell phone carrier’s stock worth $188,000 after buying an additional 20,637 shares during the last quarter. Finally, Alps Advisors Inc. lifted its holdings in shares of Sprint by 91.6% during the fourth quarter. Alps Advisors Inc. now owns 25,662 shares of the cell phone carrier’s stock worth $149,000 after buying an additional 12,266 shares during the last quarter. 12.96% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE S opened at $7.01 on Monday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.06 and a quick ratio of 0.98. The firm has a market capitalization of $28.68 billion, a P/E ratio of 701.00 and a beta of 0.16. Sprint Corp has a one year low of $5.28 and a one year high of $7.90.

Sprint (NYSE:S) last issued its earnings results on Tuesday, May 7th. The cell phone carrier reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The firm had revenue of $8.44 billion during the quarter, compared to analyst estimates of $8.19 billion. Sprint had a negative net margin of 5.78% and a positive return on equity of 0.21%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 earnings per share. Equities analysts anticipate that Sprint Corp will post -0.13 EPS for the current year.

In related news, CTO John Saw sold 62,444 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $5.96, for a total value of $372,166.24. Following the completion of the transaction, the chief technology officer now directly owns 1,090,096 shares in the company, valued at $6,496,972.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 92,729 shares of company stock valued at $583,389 over the last 90 days. 0.39% of the stock is currently owned by corporate insiders.

A number of research analysts have recently commented on S shares. Raymond James lowered Sprint from an “outperform” rating to a “market perform” rating and set a $5.57 price target for the company. in a report on Monday, April 29th. ValuEngine upgraded Sprint from a “hold” rating to a “buy” rating in a research note on Monday, May 20th. Macquarie restated a “hold” rating and issued a $5.50 target price on shares of Sprint in a research note on Sunday, May 12th. Finally, New Street Research lowered Sprint from a “buy” rating to a “neutral” rating in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Sprint currently has an average rating of “Hold” and a consensus target price of $5.71.

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About Sprint

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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