Sprint Corp (NYSE:S) was the target of a significant drop in short interest in December. As of December 29th, there was short interest totalling 96,560,659 shares, a drop of 7.9% from the December 15th total of 104,890,897 shares. Approximately 16.2% of the company’s stock are sold short. Based on an average trading volume of 15,751,032 shares, the short-interest ratio is presently 6.1 days.

Shares of Sprint (S) opened at $5.69 on Tuesday. 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 has a 52-week low of $5.42 and a 52-week high of $9.65. The company has a market capitalization of $22,760.00, a PE ratio of -37.93 and a beta of 0.79.

Sprint (NYSE:S) last posted its earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.01. Sprint had a negative return on equity of 3.19% and a negative net margin of 1.82%. The business had revenue of $7.93 billion for the quarter, compared to analysts’ expectations of $8.05 billion. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. The business’s revenue was down 3.9% compared to the same quarter last year. research analysts forecast that Sprint will post -0.01 EPS for the current fiscal year.

A number of analysts have weighed in on S shares. Oppenheimer restated a “hold” rating on shares of Sprint in a research note on Wednesday, September 20th. Zacks Investment Research upgraded Sprint from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research note on Tuesday, October 3rd. KeyCorp cut Sprint from a “sector weight” rating to an “underweight” rating and set a $5.50 price target on the stock. in a research note on Monday, November 6th. UBS Group restated a “buy” rating and issued a $7.50 price target (down from $9.00) on shares of Sprint in a research note on Monday, November 6th. Finally, Deutsche Bank cut their price target on Sprint to $5.50 and set a “hold” rating on the stock in a research note on Monday, December 11th. Seven research 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. Sprint currently has a consensus rating of “Hold” and a consensus target price of $6.72.

In other Sprint news, insider Jorge Enrique Gracia sold 112,959 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $6.18, for a total value of $698,086.62. Following the sale, the insider now directly owns 858,383 shares in the company, valued at $5,304,806.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dow Draper sold 292,707 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $5.71, for a total value of $1,671,356.97. Following the completion of the sale, the insider now owns 1,165,158 shares in the company, valued at $6,653,052.18. The disclosure for this sale can be found here. Over the last quarter, insiders bought 66,259,693 shares of company stock worth $386,856,614 and sold 913,236 shares worth $5,377,413. 0.18% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in S. Schwab Charles Investment Management Inc. grew its holdings in shares of Sprint by 8.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,148,503 shares of the cell phone carrier’s stock worth $9,430,000 after buying an additional 92,389 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Sprint by 52.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 21,976 shares of the cell phone carrier’s stock worth $180,000 after buying an additional 7,585 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Sprint by 15.2% during the second quarter. Private Advisor Group LLC now owns 23,134 shares of the cell phone carrier’s stock worth $190,000 after buying an additional 3,048 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Sprint by 48.7% during the second quarter. Amalgamated Bank now owns 61,168 shares of the cell phone carrier’s stock worth $502,000 after buying an additional 20,029 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Sprint by 4.6% during the second quarter. PNC Financial Services Group Inc. now owns 43,611 shares of the cell phone carrier’s stock worth $359,000 after buying an additional 1,898 shares during the last quarter. 13.74% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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