Is there a Bearish outlook for Sprint Corporation (NYSE:S) this week?

May 21, 2018 - By Ellis Scott

Sprint Corporation (NYSE:S) LogoInvestors sentiment increased to 0.99 in 2017 Q4. Its up 0.13, from 0.86 in 2017Q3. It increased, as 40 investors sold Sprint Corporation shares while 90 reduced holdings. 43 funds opened positions while 86 raised stakes. 528.93 million shares or 3.13% less from 546.02 million shares in 2017Q3 were reported.
First Quadrant Limited Partnership Ca accumulated 0% or 30,200 shares. Daiwa Securities Group Inc Inc owns 283,598 shares for 0.01% of their portfolio. Smithfield Tru stated it has 0% of its portfolio in Sprint Corporation (NYSE:S). Voya Ltd Company holds 0% or 62,245 shares in its portfolio. State Street holds 13.09 million shares or 0.01% of its portfolio. Global X Mngmt Co Ltd Liability accumulated 139,642 shares or 0.02% of the stock. Oz Management Lp holds 0.01% or 248,300 shares in its portfolio. Sumitomo Mitsui Asset has 0% invested in Sprint Corporation (NYSE:S). 1.08 million were reported by Parametric Portfolio Assoc Ltd Liability. Atria Investments Ltd Liability Com has invested 0.01% in Sprint Corporation (NYSE:S). Valueworks Limited Liability has 2.01% invested in Sprint Corporation (NYSE:S). Moreover, Grp One Trading L P has 0.03% invested in Sprint Corporation (NYSE:S). Parametrica Management Limited has 0.83% invested in Sprint Corporation (NYSE:S) for 221,547 shares. Lucus has invested 0.52% in Sprint Corporation (NYSE:S). Cubist Systematic Strategies Limited Company holds 0.01% in Sprint Corporation (NYSE:S) or 44,526 shares.

Since December 13, 2017, it had 8 insider buys, and 2 selling transactions for $207.32 million activity. Another trade for 144,041 shares valued at $827,487 was sold by SCHIEBER PAUL W JR. $574,074 worth of Sprint Corporation (NYSE:S) shares were sold by SAW JOHN.

Sprint Corporation (NYSE:S) Ratings Coverage

Among 14 analysts covering Sprint Corp (NYSE:S), 0 have Buy rating, 2 Sell and 12 Hold. Therefore 0 are positive. Sprint Corp had 19 analyst reports since December 6, 2017 according to SRatingsIntel. KeyBanc Capital Markets maintained the stock with “Underweight” rating in Tuesday, January 2 report. As per Monday, April 30, the company rating was downgraded by Wells Fargo. The rating was downgraded by Macquarie Research on Tuesday, January 23 to “Underperform”. The rating was maintained by Bank of America on Monday, February 5 with “Underperform”. On Thursday, April 19 the stock rating was upgraded by Macquarie Research to “Neutral”. The rating was maintained by Cowen & Co with “Hold” on Sunday, February 4. Robert W. Baird maintained Sprint Corporation (NYSE:S) on Friday, February 2 with “Hold” rating. The firm has “Hold” rating given on Friday, February 2 by KeyBanc Capital Markets. As per Thursday, January 18, the company rating was maintained by Cowen & Co. The rating was upgraded by KeyBanc Capital Markets on Monday, February 5 to “Sector Weight”. Below is a list of Sprint Corporation (NYSE:S) latest ratings and price target changes.

01/05/2018 Broker: Jefferies Old Rating: Underperform New Rating: Hold Old Target: $4.5 Upgrade
30/04/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $6.5 New Target: $7 Maintain
30/04/2018 Broker: Wells Fargo Old Rating: Outperform New Rating: Market Perform Downgrade
30/04/2018 Broker: Guggenheim Old Rating: Sell New Rating: Neutral Old Target: $4.5 Upgrade
19/04/2018 Broker: Macquarie Research Old Rating: Underperform New Rating: Neutral Old Target: $5 Upgrade
13/03/2018 Broker: Guggenheim Rating: Sell New Target: $4.5 Initiates Coverage On
05/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $6.0 Maintain
05/02/2018 Broker: Bank of America Old Rating: Underperform New Rating: Underperform Old Target: $2.6 New Target: $3 Maintain
04/02/2018 Broker: Cowen & Co Rating: Hold New Target: $4.5 Maintain
02/02/2018 Broker: Moffett Nathanson Rating: Sell

The stock increased 0.39% or $0.02 during the last trading session, reaching $5.11. About 13.96 million shares traded. Sprint Corporation (NYSE:S) has declined 41.01% since May 21, 2017 and is downtrending. It has underperformed by 52.56% the S&P500.

Sprint Corporation, through its subsidiaries, provides various wireless and wireline communications services and products to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. The company has market cap of $20.47 billion. Virgin Islands. It has a 2.96 P/E ratio. The firm operates in two divisions, Wireless and Wireline.

More notable recent Sprint Corporation (NYSE:S) news were published by: Seekingalpha.com which released: “Thoughts On Sprint At $5” on May 14, 2018, also Seekingalpha.com with their article: “Sprint’s (S) CEO Michel Combes Presents at JP Morgan Global Technology, Media and Communications Conference …” published on May 16, 2018, Seekingalpha.com published: “Sprint: Avoid Until Regulatory Approval Certainty” on April 30, 2018. More interesting news about Sprint Corporation (NYSE:S) were released by: Seekingalpha.com and their article: “Sprint: Still Telling The Wrong Story” published on May 08, 2018 as well as Seekingalpha.com‘s news article titled: “Sprint Corporation 2017 Q4 – Results – Earnings Call Slides” with publication date: May 03, 2018.

Sprint Corporation (NYSE:S) Institutional Positions Chart

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