Aviva PLC Sells 16,110 Shares of Sprint Corp (NYSE:S)

Aviva PLC lessened its position in Sprint Corp (NYSE:S) by 3.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 501,203 shares of the cell phone carrier’s stock after selling 16,110 shares during the period. Aviva PLC’s holdings in Sprint Corp were worth $4,120,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capstone Asset Management Co. raised its holdings in shares of Sprint Corp by 9.2% during the first quarter. Capstone Asset Management Co. now owns 18,432 shares of the cell phone carrier’s stock valued at $160,000 after purchasing an additional 1,552 shares during the last quarter. Nationwide Fund Advisors purchased a new position in shares of Sprint Corp during the first quarter valued at approximately $2,862,000. Mn Services Vermogensbeheer B.V. raised its holdings in shares of Sprint Corp by 5.0% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 20,647 shares of the cell phone carrier’s stock valued at $168,000 after purchasing an additional 981 shares during the last quarter. Glen Harbor Capital Management LLC raised its holdings in shares of Sprint Corp by 475.3% during the first quarter. Glen Harbor Capital Management LLC now owns 36,380 shares of the cell phone carrier’s stock valued at $316,000 after purchasing an additional 30,056 shares during the last quarter. Finally, Shell Asset Management Co. raised its holdings in shares of Sprint Corp by 17.6% during the first quarter. Shell Asset Management Co. now owns 45,764 shares of the cell phone carrier’s stock valued at $397,000 after purchasing an additional 6,865 shares during the last quarter. Hedge funds and other institutional investors own 13.96% of the company’s stock.

Sprint Corp (S) opened at 7.69 on Friday. The firm’s 50-day moving average is $8.21 and its 200 day moving average is $8.33. Sprint Corp has a 52-week low of $5.83 and a 52-week high of $9.65. The company’s market cap is $30.74 billion.

Sprint Corp (NYSE:S) last announced its earnings results on Tuesday, August 1st. The cell phone carrier reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.06. Sprint Corp had a net margin of 2.53% and a return on equity of 4.37%. The company had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.14 billion. During the same quarter in the previous year, the company posted ($0.08) EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities research analysts predict that Sprint Corp will post ($0.83) EPS for the current fiscal year.

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Several research firms have recently weighed in on S. Cowen and Company reissued a “market perform” rating and set a $6.50 price objective on shares of Sprint Corp in a report on Tuesday, August 8th. Barclays PLC reissued a “neutral” rating and set a $8.00 price objective on shares of Sprint Corp in a report on Wednesday, August 9th. UBS AG reissued a “neutral” rating and set a $9.00 price objective on shares of Sprint Corp in a report on Wednesday, August 2nd. BidaskClub cut shares of Sprint Corp from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Sprint Corp in a report on Wednesday, June 28th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company’s stock. Sprint Corp presently has an average rating of “Hold” and a consensus price target of $10.26.

Sprint Corp Company Profile

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 Corp (NYSE:S)

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