Why You Should Invest In These Cheap Public Utilities Stocks

3. Sprint Corp (NYSE:S)

Investors with Long Positions (as of June 30): 23

Aggregate Value of Investors’ Holdings (as of June 30): $452.06 Million

The number of hedge funds with positions in Sprint Corp (NYSE:S) remained unchanged in the second quarter, while the value of these positions fell by $46.19 million. The shares of the mobile carrier jumped significantly following the launch of its new “iPhone Forever” promotion back in August, which allows its customers to get a new iPhone for $22 a month. Additionally, customers who trade in their old iPhones to Sprint are set to pay $15 per month for a new iPhone. This promotion has assisted the company in delivering a return of over 5% year-to-date. From the massive pool of hedge funds that we observe, Jamie Zimmerman’s Litespeed Management is one of the top shareholders of Sprint Corp (NYSE:S), with 10.69 million shares.

Follow Sprint Corp (NYSE:S)