Sprint Corp (S) Stake Boosted by Westside Investment Management Inc.

Westside Investment Management Inc. grew its position in Sprint Corp (NYSE:S) by 872.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,490 shares of the cell phone carrier’s stock after purchasing an additional 15,692 shares during the quarter. Westside Investment Management Inc.’s holdings in Sprint were worth $101,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Commerce Bank bought a new position in Sprint during the third quarter worth $100,000. BancorpSouth Bank bought a new position in Sprint during the fourth quarter worth $104,000. Crossmark Global Holdings Inc. bought a new position in Sprint during the third quarter worth $141,000. Americafirst Capital Management LLC bought a new position in Sprint during the third quarter worth $156,000. Finally, Capital Bank & Trust Co increased its position in Sprint by 10,821.7% during the third quarter. Capital Bank & Trust Co now owns 21,625 shares of the cell phone carrier’s stock worth $168,000 after acquiring an additional 21,427 shares during the period. 13.62% of the stock is currently owned by institutional investors.

Several equities research analysts have issued reports on S shares. Bank of America boosted their price target on shares of Sprint from $2.60 to $3.00 and gave the company an “underperform” rating in a report on Monday, February 5th. Barclays reissued a “hold” rating and issued a $5.00 price target on shares of Sprint in a report on Friday, January 19th. TheStreet raised shares of Sprint from a “d+” rating to a “c” rating in a report on Friday, February 2nd. Guggenheim started coverage on shares of Sprint in a report on Tuesday, March 13th. They issued a “sell” rating and a $4.50 price target on the stock. Finally, Robert W. Baird reissued a “hold” rating and issued a $6.00 price target on shares of Sprint in a report on Friday, February 2nd. Ten analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. Sprint currently has an average rating of “Hold” and a consensus target price of $6.02.

Shares of Sprint Corp (NYSE S) opened at $5.25 on Tuesday. Sprint Corp has a 52 week low of $4.91 and a 52 week high of $9.22. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.25. The company has a market cap of $21,456.28, a price-to-earnings ratio of 3.03 and a beta of 0.64.

Sprint (NYSE:S) last issued its earnings results on Friday, February 2nd. The cell phone carrier reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. Sprint had a net margin of 21.41% and a negative return on equity of 0.94%. The company had revenue of $8.24 billion for the quarter, compared to the consensus estimate of $8.19 billion. During the same quarter in the previous year, the company earned ($0.46) EPS. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. sell-side analysts expect that Sprint Corp will post 1.75 earnings per share for the current fiscal year.

In related news, major shareholder Group Corp Softbank purchased 5,095,549 shares of Sprint stock in a transaction that occurred on Wednesday, December 20th. The shares were acquired at an average price of $5.64 per share, for a total transaction of $28,738,896.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders bought a total of 45,486,937 shares of company stock worth $262,601,340 in the last 90 days. 0.18% of the stock is owned by corporate insiders.

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Sprint 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 (NYSE:S)

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