Sprint Corp (S) Insider Dow Draper Sells 292,707 Shares
Sprint Corp (NYSE:S) insider Dow Draper sold 292,707 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $5.71, for a total transaction of $1,671,356.97. Following the completion of the sale, the insider now directly owns 1,165,158 shares of the company’s stock, valued at approximately $6,653,052.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Sprint Corp (NYSE S) traded down $0.05 during trading hours on Thursday, reaching $5.69. The company had a trading volume of 13,794,700 shares, compared to its average volume of 15,112,900. Sprint Corp has a 12-month low of $5.62 and a 12-month high of $9.65. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.80.
Sprint (NYSE:S) last issued its quarterly earnings data on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $7.93 billion during the quarter, compared to analysts’ expectations of $8.05 billion. Sprint had a negative return on equity of 3.19% and a negative net margin of 1.82%. Sprint’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) earnings per share. research analysts expect that Sprint Corp will post -0.03 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Financial Counselors Inc. grew its holdings in shares of Sprint by 1.7% during the second quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock valued at $100,000 after purchasing an additional 201 shares during the last quarter. Wetherby Asset Management Inc. bought a new position in Sprint in the 2nd quarter worth approximately $100,000. Commerce Bank bought a new position in Sprint in the 3rd quarter worth approximately $100,000. Summit Securities Group LLC bought a new position in Sprint in the 2nd quarter worth approximately $108,000. Finally, Advisors Asset Management Inc. grew its holdings in Sprint by 2.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 14,809 shares of the cell phone carrier’s stock worth $122,000 after buying an additional 318 shares in the last quarter. Institutional investors own 13.74% of the company’s stock.
Sprint Company Profile
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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