Nevsky Capital Llp Lowers stake in SPRINT CORP COM (S)

SPRINT CORP COM (S) : Nevsky Capital Llp reduced its stake in SPRINT CORP COM by 35.39% during the most recent quarter end. The investment management company now holds a total of 3,358,528 shares of SPRINT CORP COM which is valued at $12,560,895 after selling 1,840,000 shares in SPRINT CORP COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.SPRINT CORP COM makes up approximately 37.54% of Nevsky Capital Llp’s portfolio.

SPRINT CORP COM (S) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $3.69 and reached the intraday high at $3.74. The bulls started the profit booking and pushed the shares to intraday low of $3.67. The trading session was marked by a volume range of 88,84,079 shares exchanging hands. The 52-week high of the shares is $5.36 and the 52-week low is $2.18. The market cap of the company stands at $14,614 M and there are 3,97,12,23,200 shares in public circulation.

Other Hedge Funds, Including , Gateway Investment Advisers boosted its stake in S in the latest quarter, The investment management firm added 918,776 additional shares and now holds a total of 1,035,805 shares of SPRINT CORP COM which is valued at $3,873,911. SPRINT CORP COM makes up approx 0.03% of Gateway Investment Advisers’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in S in the latest quarter, The investment management firm added 3,500 additional shares and now holds a total of 23,400 shares of SPRINT CORP COM which is valued at $84,006.

On the company’s financial health, SPRINT CORP COM reported $-0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $-0.26. The company had revenue of $8107.00 million for the quarter, compared to analysts expectations of $8211.53 million. The company’s revenue was down -9.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.60 EPS.

Many Wall Street Analysts have commented on SPRINT CORP COM. SPRINT CORP COM was Downgraded by Pacific Crest to ” Underweight” on Apr 13, 2016. SPRINT CORP COM was Initiated by Macquarie to “Outperform” on Apr 5, 2016. Deutsche Bank Initiated SPRINT CORP COM on Feb 24, 2016 to “Hold”, Price Target of the shares are set at $3.

Sprint Corporation is a holding company. The Company along with its subsidiaries is a wireless communications company offering a range of wireless and wireline communications products and services. The Company operates in two segments: Wireless and Wireline. Its services are provided through its ownership of wireless networks an all-digital global wireline network and a Tier 1 Internet backbone. It offers wireless and wireline services to subscribers in all 50 states Puerto Rico and the United States Virgin Islands under the Sprint corporate brand which includes its retail brands of Sprint Boost Mobile Virgin Mobile and Assurance Wireless. It markets its postpaid services under the Sprint brand. It markets its prepaid services under the Sprint Boost Mobile Virgin Mobile and Assurance Wireless brands. In addition it sells accessories such as carrying cases hands-free devices and and it sells devices and accessories to agents and other third-party distributors for resale.

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