Virtu KCG Holdings LLC reduced its position in Sprint Corporation (NYSE:S) by 35.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 86,820 shares of the cell phone carrier’s stock after selling 47,698 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Sprint Corporation were worth $713,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in S. BlackRock Inc. grew its stake in shares of Sprint Corporation by 4,924.2% during the 1st quarter. BlackRock Inc. now owns 39,211,547 shares of the cell phone carrier’s stock worth $340,355,000 after purchasing an additional 38,431,100 shares during the period. Janus Capital Management LLC grew its stake in shares of Sprint Corporation by 94.3% during the 1st quarter. Janus Capital Management LLC now owns 6,689,392 shares of the cell phone carrier’s stock worth $58,064,000 after purchasing an additional 3,247,400 shares during the period. Vanguard Group Inc. grew its stake in shares of Sprint Corporation by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 37,670,102 shares of the cell phone carrier’s stock worth $326,977,000 after purchasing an additional 1,823,591 shares during the period. Prudential Financial Inc. grew its stake in shares of Sprint Corporation by 3,264.7% during the 1st quarter. Prudential Financial Inc. now owns 1,589,645 shares of the cell phone carrier’s stock worth $13,798,000 after purchasing an additional 1,542,400 shares during the period. Finally, UBS Oconnor LLC acquired a new position in shares of Sprint Corporation during the 1st quarter worth $9,118,000. 13.95% of the stock is currently owned by institutional investors.

Sprint Corporation (S) opened at 7.50 on Friday. The stock’s market cap is $29.98 billion. The company has a 50-day moving average of $8.00 and a 200 day moving average of $8.26. Sprint Corporation has a 12-month low of $5.83 and a 12-month high of $9.65.

Sprint Corporation (NYSE:S) last posted its earnings results on Tuesday, August 1st. The cell phone carrier reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. Sprint Corporation had a negative return on equity of 3.66% and a negative net margin of 2.08%. The firm had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.14 billion. During the same period in the previous year, the company earned ($0.08) EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities analysts anticipate that Sprint Corporation will post ($0.83) earnings per share for the current year.

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A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Sprint Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Sprint Corporation in a research note on Wednesday, September 20th. BidaskClub cut shares of Sprint Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Barclays PLC reaffirmed a “neutral” rating and set a $8.00 price target on shares of Sprint Corporation in a research note on Wednesday, August 9th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $6.50 price target on shares of Sprint Corporation in a research note on Tuesday, August 8th. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the stock. Sprint Corporation presently has an average rating of “Hold” and a consensus price target of $10.16.

About Sprint Corporation

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 Corporation (NYSE:S)

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