Sprint Corporation (NYSE:S) major shareholder Group Corp Softbank acquired 1,045,040 shares of the stock in a transaction dated Monday, December 4th. The shares were bought at an average price of $5.99 per share, with a total value of $6,259,789.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Group Corp Softbank also recently made the following trade(s):

  • On Thursday, November 30th, Group Corp Softbank acquired 961,380 shares of Sprint stock. The shares were bought at an average price of $5.99 per share, with a total value of $5,758,666.20.
  • On Wednesday, November 15th, Group Corp Softbank bought 2,633,814 shares of Sprint stock. The shares were acquired at an average cost of $5.98 per share, with a total value of $15,750,207.72.
  • On Monday, November 13th, Group Corp Softbank bought 3,203,661 shares of Sprint stock. The shares were acquired at an average cost of $6.12 per share, with a total value of $19,606,405.32.
  • On Thursday, November 9th, Group Corp Softbank bought 4,322,990 shares of Sprint stock. The shares were acquired at an average cost of $6.21 per share, with a total value of $26,845,767.90.
  • On Tuesday, November 7th, Group Corp Softbank bought 6,484,367 shares of Sprint stock. The shares were acquired at an average cost of $5.92 per share, with a total value of $38,387,452.64.

Sprint Corporation (NYSE S) traded down $0.21 on Tuesday, reaching $5.74. 15,237,445 shares of the company’s stock were exchanged, compared to its average volume of 15,118,502. Sprint Corporation has a one year low of $5.62 and a one year high of $9.65. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.10 and a quick ratio of 1.03.

Sprint (NYSE:S) last released its quarterly earnings data on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Sprint had a negative net margin of 1.82% and a negative return on equity of 3.19%. The company had revenue of $7.93 billion during the quarter, compared to analysts’ expectations of $8.05 billion. During the same quarter in the previous year, the company earned ($0.04) earnings per share. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. equities analysts anticipate that Sprint Corporation will post -0.03 EPS for the current year.

Several brokerages recently issued reports on S. Barclays reissued a “neutral” rating and set a $8.00 target price on shares of Sprint in a report on Wednesday, August 9th. Cowen reissued a “market perform” rating and set a $6.50 target price on shares of Sprint in a report on Tuesday, August 8th. Oppenheimer reissued a “hold” rating on shares of Sprint in a report on Wednesday, September 20th. BidaskClub cut shares of Sprint from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Zacks Investment Research cut shares of Sprint from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Eight investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $7.19.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Sprint by 0.8% in the second quarter. Vanguard Group Inc. now owns 37,971,867 shares of the cell phone carrier’s stock valued at $311,749,000 after buying an additional 301,765 shares in the last quarter. Odey Asset Management Group Ltd increased its stake in shares of Sprint by 107.3% during the second quarter. Odey Asset Management Group Ltd now owns 8,124,955 shares of the cell phone carrier’s stock worth $66,706,000 after purchasing an additional 4,204,955 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Sprint by 6,509.8% during the second quarter. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier’s stock worth $58,944,000 after purchasing an additional 7,070,812 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Sprint by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 7,075,012 shares of the cell phone carrier’s stock worth $58,083,000 after purchasing an additional 50,302 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Sprint by 3.1% during the second quarter. FMR LLC now owns 3,835,837 shares of the cell phone carrier’s stock worth $31,492,000 after purchasing an additional 115,192 shares in the last quarter. 13.74% of the stock is owned by institutional investors.

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About Sprint

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.

Insider Buying and Selling by Quarter for Sprint (NYSE:S)

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