Scout Investments Inc. lessened its position in shares of Sprint Corp (NYSE:S) by 8.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,664,096 shares of the cell phone carrier’s stock after selling 504,435 shares during the period. Scout Investments Inc.’s holdings in Sprint were worth $32,965,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Toronto Dominion Bank increased its position in Sprint by 10.5% in the 3rd quarter. Toronto Dominion Bank now owns 88,162 shares of the cell phone carrier’s stock valued at $577,000 after acquiring an additional 8,369 shares during the period. Rehmann Capital Advisory Group increased its position in Sprint by 343.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 11,556 shares of the cell phone carrier’s stock valued at $1,767,000 after acquiring an additional 8,949 shares during the period. Janus Henderson Group PLC increased its position in Sprint by 7.0% in the 3rd quarter. Janus Henderson Group PLC now owns 137,455 shares of the cell phone carrier’s stock valued at $899,000 after acquiring an additional 8,988 shares during the period. Pictet Asset Management Ltd. increased its position in Sprint by 3.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 331,334 shares of the cell phone carrier’s stock valued at $2,167,000 after acquiring an additional 12,100 shares during the period. Finally, DNB Asset Management AS increased its position in Sprint by 12.8% in the 3rd quarter. DNB Asset Management AS now owns 114,720 shares of the cell phone carrier’s stock valued at $750,000 after acquiring an additional 13,000 shares during the period. 12.95% of the stock is owned by institutional investors.

In other Sprint news, insider Jorge Enrique Gracia sold 129,652 shares of the firm’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $6.38, for a total value of $827,179.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald D. Fisher sold 327,525 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $6.20, for a total transaction of $2,030,655.00. Following the completion of the sale, the director now owns 2,419,275 shares of the company’s stock, valued at $14,999,505. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Sprint from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. ValuEngine upgraded shares of Sprint from a “hold” rating to a “buy” rating in a research report on Tuesday, December 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Sprint has a consensus rating of “Hold” and a consensus price target of $5.70.

Shares of S traded up $0.09 during trading hours on Friday, hitting $6.37. 13,963,332 shares of the stock were exchanged, compared to its average volume of 10,910,925. Sprint Corp has a fifty-two week low of $4.81 and a fifty-two week high of $6.62. The company has a quick ratio of 1.05, a current ratio of 1.12 and a debt-to-equity ratio of 1.24. The stock has a market cap of $25.06 billion, a PE ratio of 91.00, a price-to-earnings-growth ratio of 5.12 and a beta of 0.64.

Sprint (NYSE:S) last posted its quarterly earnings results on Wednesday, October 31st. The cell phone carrier reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. The business had revenue of $8.43 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Sprint had a net margin of 23.12% and a return on equity of 1.36%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted ($0.01) earnings per share. Sell-side analysts anticipate that Sprint Corp will post 0.06 EPS for the current fiscal year.

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Sprint Profile

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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