Sprint Corp (NYSE:S) major shareholder Group Corp Softbank bought 4,301,182 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was purchased at an average price of $5.96 per share, with a total value of $25,635,044.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Friday, December 28th, Group Corp Softbank bought 2,102,152 shares of Sprint stock. The stock was purchased at an average price of $5.92 per share, with a total value of $12,444,739.84.
  • On Friday, December 29th, Group Corp Softbank bought 4,243,452 shares of Sprint stock. The stock was purchased at an average price of $5.94 per share, with a total value of $25,206,104.88.
  • On Wednesday, December 27th, Group Corp Softbank bought 4,282,600 shares of Sprint stock. The stock was purchased at an average price of $5.85 per share, with a total value of $25,053,210.00.
  • On Friday, December 22nd, Group Corp Softbank bought 2,563,780 shares of Sprint stock. The stock was purchased at an average price of $5.69 per share, with a total value of $14,587,908.20.
  • On Wednesday, December 20th, Group Corp Softbank bought 5,095,549 shares of Sprint stock. The stock was purchased at an average price of $5.64 per share, with a total value of $28,738,896.36.
  • On Monday, December 18th, Group Corp Softbank bought 5,039,477 shares of Sprint stock. The stock was purchased at an average price of $5.60 per share, with a total value of $28,221,071.20.
  • On Thursday, December 14th, Group Corp Softbank bought 3,231,117 shares of Sprint stock. The stock was purchased at an average price of $5.68 per share, with a total value of $18,352,744.56.
  • On Monday, December 4th, Group Corp Softbank purchased 1,045,040 shares of Sprint stock. The shares were bought at an average price of $5.99 per share, with a total value of $6,259,789.60.
  • On Thursday, November 30th, Group Corp Softbank purchased 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 purchased 2,633,814 shares of Sprint stock. The shares were bought at an average price of $5.98 per share, with a total value of $15,750,207.72.

Shares of Sprint Corp (NYSE:S) traded down $0.27 on Thursday, reaching $5.63. 35,122,000 shares of the company traded hands, compared to its average volume of 14,870,000. The company has a market capitalization of $22,520.00, a price-to-earnings ratio of -37.53 and a beta of 0.79. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.03 and a current ratio of 1.10. Sprint Corp has a 52-week low of $5.42 and a 52-week high of $9.65.

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

A number of institutional investors and hedge funds have recently modified their holdings of S. Financial Counselors Inc. raised its position in 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 acquiring an additional 201 shares in the last quarter. Commerce Bank bought a new position in Sprint during the third quarter valued at approximately $100,000. Advisors Asset Management Inc. raised its position in Sprint by 2.2% during the second quarter. Advisors Asset Management Inc. now owns 14,809 shares of the cell phone carrier’s stock valued at $122,000 after acquiring an additional 318 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in Sprint during the third quarter valued at approximately $141,000. Finally, Americafirst Capital Management LLC bought a new position in Sprint during the third quarter valued at approximately $156,000. 13.74% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently commented on the stock. KeyCorp restated a “hold” rating on shares of Sprint in a report on Wednesday, October 11th. Zacks Investment Research cut shares of Sprint from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Macquarie restated a “hold” rating and set a $8.00 price target on shares of Sprint in a report on Thursday, October 26th. Deutsche Bank decreased their price target on shares of Sprint from $8.00 to $7.00 and set a “hold” rating for the company in a report on Tuesday, October 10th. Finally, Nomura restated a “neutral” rating and set a $7.00 price target (down from $8.00) on shares of Sprint in a report on Thursday, October 26th. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $6.80.

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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.

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

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