Mitsubishi UFJ Trust & Banking Corp decreased its position in Sprint Corp (NYSE:S) by 0.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,569,398 shares of the cell phone carrier’s stock after selling 11,371 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Sprint were worth $12,210,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. State of Wisconsin Investment Board lifted its position in Sprint by 3.9% in the 3rd quarter. State of Wisconsin Investment Board now owns 954,107 shares of the cell phone carrier’s stock worth $7,423,000 after buying an additional 35,910 shares in the last quarter. Overbrook Management Corp purchased a new stake in Sprint in the 2nd quarter worth approximately $3,564,000. Swiss National Bank lifted its position in Sprint by 3.0% in the 2nd quarter. Swiss National Bank now owns 2,905,351 shares of the cell phone carrier’s stock worth $23,853,000 after buying an additional 83,900 shares in the last quarter. FMR LLC lifted its position in Sprint by 3.1% in the 2nd quarter. FMR LLC now owns 3,835,837 shares of the cell phone carrier’s stock worth $31,492,000 after buying an additional 115,192 shares in the last quarter. Finally, Personal Capital Advisors Corp lifted its position in Sprint by 76.9% in the 3rd quarter. Personal Capital Advisors Corp now owns 872,562 shares of the cell phone carrier’s stock worth $6,789,000 after buying an additional 379,238 shares in the last quarter. 13.74% of the stock is owned by hedge funds and other institutional investors.

Shares of Sprint Corp (S) traded down $0.02 on Monday, reaching $5.44. 19,843,600 shares of the company traded hands, compared to its average volume of 15,168,573. Sprint Corp has a 12-month low of $5.42 and a 12-month high of $9.65. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.80.

Sprint (NYSE:S) last announced its earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $8.05 billion. Sprint had a negative net margin of 1.82% and a negative return on equity of 3.19%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) EPS. research analysts expect that Sprint Corp will post -0.03 EPS for the current fiscal year.

A number of research firms have issued reports on S. KeyCorp reiterated a “hold” rating on shares of Sprint in a research report on Wednesday, October 11th. Zacks Investment Research downgraded shares of Sprint from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Macquarie restated a “hold” rating and set a $8.00 price target on shares of Sprint in a report on Thursday, October 26th. Deutsche Bank cut their price target on shares of Sprint from $8.00 to $7.00 and set a “hold” rating on the stock in a report on Tuesday, October 10th. Finally, Nomura restated a “neutral” rating and set a $7.00 price target (down previously from $8.00) on shares of Sprint in a report on Thursday, October 26th. Eight research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $7.10.

In other news, major shareholder Group Corp Softbank bought 6,484,367 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average price of $5.92 per share, for a total transaction of $38,387,452.64. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dow Draper sold 292,707 shares of Sprint stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $5.71, for a total transaction of $1,671,356.97. Following the completion of the transaction, the insider now owns 1,165,158 shares in the company, valued at approximately $6,653,052.18. The disclosure for this sale can be found here. In the last quarter, insiders purchased 18,651,252 shares of company stock worth $112,608,289 and sold 769,195 shares worth $4,550,618. Company insiders own 0.18% of the company’s stock.

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About Sprint

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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