As Sprint Corp (S) Shares Declined, Ontario Teachers Pension Plan Board Decreased Its Holding by $60.07 Million

August 24, 2017 - By Linda Rogers

Investors sentiment increased to 1.2 in Q4 2016. Its up 0.08, from 1.12 in 2016Q3. It is positive, as 27 investors sold S shares while 96 reduced holdings. 46 funds opened positions while 102 raised stakes. 575.76 million shares or 0.43% less from 578.24 million shares in 2016Q3 were reported. The Massachusetts-based Panagora Asset Incorporated has invested 0.01% in Sprint Corp (NYSE:S). First Advisors Limited Partnership reported 6.22M shares. Focused Wealth Management accumulated 17,500 shares. Aperio Grp Incorporated Ltd Liability Corp reported 0.01% stake. 369 are held by Earnest Ltd Liability Corporation. Fin Engines Advsrs Ltd Liability invested in 0% or 338 shares. Fjarde Ap has invested 0.05% in Sprint Corp (NYSE:S). Andra Ap holds 0.08% or 329,900 shares in its portfolio. Macquarie Group Ltd has 0% invested in Sprint Corp (NYSE:S). 1,000 were accumulated by Thompson Davis & Inc. Teacher Retirement Of Texas accumulated 533,757 shares or 0.03% of the stock. Blackrock Group holds 0.02% of its portfolio in Sprint Corp (NYSE:S) for 5.01M shares. Moreover, Tiaa Cref Mgmt Limited Liability Corp has 0.02% invested in Sprint Corp (NYSE:S) for 3.81M shares. Stratos Wealth Ltd holds 13,444 shares. Envestnet Asset Mgmt Inc has 322 shares for 0% of their portfolio.

Since June 14, 2017, it had 0 insider buys, and 1 sale for $201,105 activity.

Ontario Teachers Pension Plan Board decreased its stake in Sprint Corp (S) by 17.77% based on its latest 2016Q4 regulatory filing with the SEC. Ontario Teachers Pension Plan Board sold 7.51M shares as the company’s stock declined 13.23% while stock markets rallied. The institutional investor held 34.73M shares of the telecommunications equipment company at the end of 2016Q4, valued at $292.46 million, down from 42.24 million at the end of the previous reported quarter. Ontario Teachers Pension Plan Board who had been investing in Sprint Corp for a number of months, seems to be less bullish one the $33.67B market cap company. The stock rose 1.38% or $0.11 reaching $8.43. About 3.46 million shares traded. Sprint Corp (NYSE:S) has risen 120.49% since August 24, 2016 and is uptrending. It has outperformed by 103.79% the S&P500.

Ontario Teachers Pension Plan Board, which manages about $9.51B US Long portfolio, upped its stake in Spectra Energy Corp (NYSE:SE) by 153,372 shares to 182,356 shares, valued at $7.49 million in 2016Q4, according to the filing. It also increased its holding in Iron Mtn Inc New (NYSE:IRM) by 114,114 shares in the quarter, for a total of 170,092 shares, and has risen its stake in Ctrip Com Intl Ltd (NASDAQ:CTRP).

More notable recent Sprint Corp (NYSE:S) news were published by: Reuters.com which released: “Sprint seeks alternatives to a merger with T-Mobile: sources” on July 28, 2017, also Investorplace.com with their article: “Wall Street Loves Sprint Corp (S) Stock, And So Should You” published on August 01, 2017, Investorplace.com published: “If Someone Calls Hyping Sprint Corp (S) Stock, Hang Up Fast” on August 02, 2017. More interesting news about Sprint Corp (NYSE:S) were released by: Investorplace.com and their article: “Sprint Corp (S) Stock Is Going Nowhere Anytime Soon” published on July 31, 2017 as well as Bizjournals.com‘s news article titled: “Sprint ups its bet that leasing phones will bring in customers and billions in …” with publication date: August 04, 2017.

Sprint Corp (NYSE:S) Ratings Coverage

Among 22 analysts covering Sprint Nextel Corporation (NYSE:S), 4 have Buy rating, 4 Sell and 14 Hold. Therefore 18% are positive. Sprint Nextel Corporation had 54 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, May 25. Pacifc Crest downgraded the shares of S in report on Wednesday, April 13 to “Underweight” rating. The rating was downgraded by Keefe Bruyette & Woods on Wednesday, October 21 to “Mkt Perform”. The stock has “Neutral” rating by Nomura on Friday, October 16. The stock of Sprint Corp (NYSE:S) has “Neutral” rating given on Tuesday, July 26 by Citigroup. Macquarie Research maintained Sprint Corp (NYSE:S) on Thursday, October 13 with “Outperform” rating. The stock has “Outperform” rating by FBR Capital on Tuesday, July 26. The firm has “Underperform” rating given on Wednesday, August 5 by William Blair. Pacific Crest upgraded the stock to “Sector Weight” rating in Tuesday, July 26 report. The firm has “Hold” rating by Oppenheimer given on Thursday, August 10.

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