United Services Automobile Association Purchases 18,930 Shares of Sprint Corporation (S)

United Services Automobile Association raised its position in shares of Sprint Corporation (NYSE:S) by 81.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,082 shares of the cell phone carrier’s stock after buying an additional 18,930 shares during the period. United Services Automobile Association’s holdings in Sprint Corporation were worth $365,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in S. Traynor Capital Management Inc. increased its position in shares of Sprint Corporation by 13.1% in the first quarter. Traynor Capital Management Inc. now owns 20,702 shares of the cell phone carrier’s stock valued at $187,000 after buying an additional 2,400 shares during the last quarter. Focused Wealth Management Inc increased its position in shares of Sprint Corporation by 65.7% in the first quarter. Focused Wealth Management Inc now owns 29,000 shares of the cell phone carrier’s stock valued at $252,000 after buying an additional 11,500 shares during the last quarter. Dai Ichi Life Insurance Company Ltd increased its position in shares of Sprint Corporation by 996.2% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 178,361 shares of the cell phone carrier’s stock valued at $1,548,000 after buying an additional 162,090 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Sprint Corporation by 55.8% in the first quarter. SG Americas Securities LLC now owns 99,062 shares of the cell phone carrier’s stock valued at $860,000 after buying an additional 35,459 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Sprint Corporation by 3,264.7% in the first quarter. Prudential Financial Inc. now owns 1,589,645 shares of the cell phone carrier’s stock valued at $13,798,000 after buying an additional 1,542,400 shares during the last quarter. Institutional investors and hedge funds own 14.33% of the company’s stock.

Sprint Corporation (S) traded up 0.24% during trading on Friday, hitting $8.22. 9,030,645 shares of the company’s stock were exchanged. Sprint Corporation has a 52-week low of $5.83 and a 52-week high of $9.65. The firm has a 50 day moving average price of $8.23 and a 200 day moving average price of $8.49. The company’s market cap is $32.81 billion.

Sprint Corporation (NYSE:S) last posted its earnings results on Wednesday, May 3rd. The cell phone carrier reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $7.94 billion. Sprint Corporation had a negative net margin of 3.62% and a negative return on equity of 5.90%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the business posted ($0.14) EPS. On average, equities research analysts predict that Sprint Corporation will post ($0.83) earnings per share for the current year.

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S has been the subject of several analyst reports. ValuEngine raised shares of Sprint Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Sprint Corporation in a report on Wednesday, June 28th. Vetr downgraded shares of Sprint Corporation from a “strong-buy” rating to a “buy” rating and set a $9.26 price objective for the company. in a report on Monday, April 10th. SunTrust Banks, Inc. assumed coverage on shares of Sprint Corporation in a report on Tuesday, April 18th. They set a “hold” rating and a $9.00 price objective for the company. Finally, HSBC Holdings plc reaffirmed a “reduce” rating and set a $7.20 price objective on shares of Sprint Corporation in a report on Friday, June 16th. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $9.82.

In other news, VP Paul W. Schieber, Jr. sold 24,465 shares of Sprint Corporation stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $8.22, for a total value of $201,102.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

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.

Institutional Ownership by Quarter for Sprint Corporation (NYSE:S)

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