1,711,700 Shares in Sprint Corporation (S) Acquired by Decatur Capital Management Inc.

1,711,700 Shares in Sprint Corporation (S) Acquired by Decatur Capital Management Inc.

Decatur Capital Management Inc. acquired a new position in shares of Sprint Corporation (NYSE:S) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,711,700 shares of the cell phone carrier’s stock, valued at approximately $11,349,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Calvert Investment Management Inc. boosted its stake in Sprint Corporation by 1.6% in the second quarter. Calvert Investment Management Inc. now owns 33,840 shares of the cell phone carrier’s stock worth $153,000 after buying an additional 548 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Sprint Corporation by 3.5% in the second quarter. Metropolitan Life Insurance Co. NY now owns 22,411 shares of the cell phone carrier’s stock valued at $102,000 after buying an additional 758 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Sprint Corporation by 3.8% in the second quarter. Pacer Advisors Inc. now owns 36,032 shares of the cell phone carrier’s stock valued at $163,000 after buying an additional 1,317 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Sprint Corporation by 6.2% in the second quarter. Amalgamated Bank now owns 23,002 shares of the cell phone carrier’s stock valued at $140,000 after buying an additional 1,343 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Sprint Corporation by 3.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 51,809 shares of the cell phone carrier’s stock valued at $234,000 after buying an additional 1,878 shares in the last quarter. 14.61% of the stock is owned by institutional investors and hedge funds.

Shares of Sprint Corporation (NYSE:S) traded down 1.27% on Friday, hitting $9.31. 4,468,799 shares of the stock were exchanged. The stock’s market cap is $37.07 billion. Sprint Corporation has a 1-year low of $2.45 and a 1-year high of $9.48. The stock’s 50-day moving average is $8.66 and its 200-day moving average is $7.00.

Several brokerages have weighed in on S. RBC Capital Markets reaffirmed a “hold” rating and set a $6.00 price objective on shares of Sprint Corporation in a research note on Tuesday, January 3rd. Citigroup Inc. reaffirmed a “neutral” rating and set a $7.00 price objective on shares of Sprint Corporation in a research note on Wednesday, October 26th. Jefferies Group LLC reaffirmed an “underperform” rating and set a $2.25 price objective on shares of Sprint Corporation in a research note on Saturday, October 15th. BTIG Research reaffirmed a “sell” rating and set a $2.50 price objective on shares of Sprint Corporation in a research note on Wednesday, December 21st. Finally, Wells Fargo & Company cut shares of Sprint Corporation from an “outperform” rating to a “market perform” rating in a research note on Monday. Ten investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $5.03.

In related news, insider Roger Sole-Rafols sold 49,844 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $7.53, for a total transaction of $375,325.32. Following the transaction, the insider now owns 1,516,241 shares in the company, valued at approximately $11,417,294.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Paul W. Schieber, Jr. sold 52,375 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $7.36, for a total transaction of $385,480.00. Following the transaction, the vice president now owns 205,808 shares in the company, valued at approximately $1,514,746.88. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

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.

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