Ownership Don’t Lie: Sprint Corp (NYSE:S) Institutional Investor Sentiment Analysis

November 30, 2016 - By Winifred Garcia   ·   0 Comments

Ownership Don't Lie: Sprint Corp (NYSE:S) Institutional Investor Sentiment Analysis

Sentiment for Sprint Corp (NYSE:S)

Sprint Corp (NYSE:S) institutional sentiment decreased to 1.12 in 2016 Q2. Its down -0.01, from 1.13 in 2016Q1. The ratio has worsened, as 119 institutional investors increased or opened new holdings, while 105 sold and reduced their equity positions in Sprint Corp. The institutional investors in our partner’s database now hold: 582.06 million shares, up from 563.17 million shares in 2016Q1. Also, the number of institutional investors holding Sprint Corp in their top 10 holdings increased from 2 to 3 for an increase of 1. Sold All: 34 Reduced: 71 Increased: 93 New Position: 26.

Sprint Corporation is a holding company. The company has a market cap of $31.73 billion. The Company, along with its subsidiaries, is a communications firm offering a range of wireless and wireline communications services and products that are designed to meet the needs of consumers, businesses, government subscribers and resellers. It currently has negative earnings. It operates through two divisions: Wireless and Wireline.

The stock increased 1.78% or $0.14 during the last trading session, hitting $8. Sprint Corp (NYSE:S) has risen 117.39% since April 27, 2016 and is uptrending. It has outperformed by 112.16% the S&P500.

Analysts await Sprint Corp (NYSE:S) to report earnings on January, 24. They expect $-0.07 EPS, up 66.67% or $0.14 from last year’s $-0.21 per share. After $-0.04 actual EPS reported by Sprint Corp for the previous quarter, Wall Street now forecasts 75.00% negative EPS growth.

According to Zacks Investment Research, “Sprint Corporation offers communications services. It operates in two segments: Wireless and Wireline. It develops, engineers and deploys technologies, including wireless networks offering mobile data services, instant national and international push-to-talk capabilities and a global Tier 1 Internet backbone. Sprint Corporation is based in Overland Park, United States.”

Mig Capital Llc holds 7.12% of its portfolio in Sprint Corp for 7.23 million shares. Discovery Capital Management Llc Ct owns 40.28 million shares or 4.19% of their US portfolio. Moreover, Hoertkorn Richard Charles has 2.46% invested in the company for 682,090 shares. The Ontario – Canada-based Ontario Teachers Pension Plan Board has invested 1.91% in the stock. Point72 Asia (Hong Kong) Ltd, a Hong Kong-based fund reported 286,166 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 2 insider sales for $761,160 net activity.

Sprint Corp (NYSE:S) Ratings Coverage

Ratings analysis reveals 20% of Sprint Nextel Corporation’s analysts are positive. Out of 20 Wall Street analysts rating Sprint Nextel Corporation, 4 give it “Buy”, 3 “Sell” rating, while 13 recommend “Hold”. The lowest target is $3 while the high is $32. The stock’s average target of $4.99 is -37.63% below today’s ($8) share price. S was included in 41 notes of analysts from July 24, 2015. The rating was downgraded by Piper Jaffray on Wednesday, July 22 to “Overweight”. FBR Capital upgraded Sprint Corp (NYSE:S) on Thursday, August 6 to “Outperform” rating. Wells Fargo maintained Sprint Corp (NYSE:S) on Wednesday, August 5 with “Outperform” rating. The firm has “Outperform” rating given on Tuesday, July 26 by FBR Capital. The firm has “Neutral” rating by Citigroup given on Thursday, September 15. On Wednesday, October 19 the stock rating was maintained by FBR Capital with “Outperform”. The firm has “Outperform” rating by Macquarie Research given on Thursday, October 13. The firm has “Neutral” rating by UBS given on Tuesday, July 26. On Tuesday, July 26 the stock rating was maintained by Oppenheimer with “Perform”. The firm has “Strong-Buy” rating by Vetr given on Monday, September 21.

S Company Profile

Sprint Corporation (Sprint), incorporated on October 5, 2012, is a holding company. The Company, along with its subsidiaries, is a communications firm offering a range of wireless and wireline communications services and products that are designed to meet the needs of consumers, businesses, government subscribers and resellers. It operates through two divisions: Wireless and Wireline. The Firm offers wireless and wireline services to subscribers in approximately 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 on its wireless networks utilizing various technologies, including third generation (3G) code division multiple access (CDMA), fourth generation (4G) services utilizing Long Term Evolution (LTE).

More news for Sprint Corp (NYSE:S) were recently published by: Fool.com, which released: “Better Buy: AT&T, Inc. vs. Sprint Corp.” on November 28, 2016. Investorplace.com‘s article titled: “Trade of the Day: Sprint Corp (NYSE:S)” and published on November 15, 2016 is yet another important article.

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By Winifred Garcia

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