Sprint Corp (NYSE:S) major shareholder Group Corp Softbank purchased 6,149,090 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were purchased at an average price of $5.68 per share, for a total transaction of $34,926,831.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Thursday, January 11th, Group Corp Softbank purchased 6,239,538 shares of Sprint stock. The shares were purchased at an average price of $5.70 per share, for a total transaction of $35,565,366.60.
  • On Tuesday, January 9th, Group Corp Softbank purchased 5,348,176 shares of Sprint stock. The shares were purchased at an average price of $5.82 per share, for a total transaction of $31,126,384.32.
  • On Friday, January 5th, Group Corp Softbank purchased 5,161,418 shares of Sprint stock. The shares were purchased at an average price of $5.68 per share, for a total transaction of $29,316,854.24.
  • On Wednesday, January 3rd, Group Corp Softbank purchased 4,301,182 shares of Sprint stock. The shares were purchased at an average price of $5.96 per share, for a total transaction of $25,635,044.72.
  • On Friday, December 28th, Group Corp Softbank purchased 2,102,152 shares of Sprint stock. The shares were purchased at an average price of $5.92 per share, for a total transaction of $12,444,739.84.
  • On Friday, December 29th, Group Corp Softbank purchased 4,243,452 shares of Sprint stock. The shares were purchased at an average price of $5.94 per share, for a total transaction of $25,206,104.88.
  • On Wednesday, December 27th, Group Corp Softbank purchased 4,282,600 shares of Sprint stock. The shares were purchased at an average price of $5.85 per share, for a total transaction of $25,053,210.00.
  • On Friday, December 22nd, Group Corp Softbank purchased 2,563,780 shares of Sprint stock. The shares were purchased at an average price of $5.69 per share, for a total transaction of $14,587,908.20.
  • On Wednesday, December 20th, Group Corp Softbank purchased 5,095,549 shares of Sprint stock. The shares were purchased at an average price of $5.64 per share, for a total transaction of $28,738,896.36.
  • On Monday, December 18th, Group Corp Softbank purchased 5,039,477 shares of Sprint stock. The shares were purchased at an average price of $5.60 per share, for a total transaction of $28,221,071.20.

Shares of Sprint Corp (NYSE S) traded down $0.11 on Wednesday, reaching $5.49. 17,860,000 shares of the company’s stock traded hands, compared to its average volume of 17,390,000. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 1.80. Sprint Corp has a one year low of $5.42 and a one year high of $9.65. The firm has a market capitalization of $21,960.00, a price-to-earnings ratio of -36.60 and a beta of 0.79.

Sprint (NYSE:S) last issued its earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $8.05 billion. During the same period in the prior year, the business posted ($0.04) earnings per share. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. sell-side analysts predict that Sprint Corp will post -0.01 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC lifted its holdings in shares of Sprint by 1.2% in the second quarter. Advisory Services Network LLC now owns 69,627 shares of the cell phone carrier’s stock valued at $572,000 after purchasing an additional 802 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Sprint by 4.6% in the second quarter. PNC Financial Services Group Inc. now owns 43,611 shares of the cell phone carrier’s stock valued at $359,000 after purchasing an additional 1,898 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Sprint by 15.2% in the second quarter. Private Advisor Group LLC now owns 23,134 shares of the cell phone carrier’s stock valued at $190,000 after purchasing an additional 3,048 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Sprint by 12.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 44,213 shares of the cell phone carrier’s stock valued at $363,000 after purchasing an additional 4,771 shares in the last quarter. Finally, Pinebridge Investments L.P. lifted its holdings in shares of Sprint by 0.6% in the second quarter. Pinebridge Investments L.P. now owns 915,540 shares of the cell phone carrier’s stock valued at $7,517,000 after purchasing an additional 5,486 shares in the last quarter. 13.74% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on S shares. Zacks Investment Research upgraded shares of 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. Vetr lowered shares of Sprint from a “strong-buy” rating to a “buy” rating and set a $7.10 price target on the stock. in a research note on Thursday, November 2nd. UBS Group reiterated a “buy” rating and set a $7.50 price target (down from $9.00) on shares of Sprint in a research note on Monday, November 6th. TheStreet lowered shares of Sprint from a “c-” rating to a “d+” rating in a research note on Tuesday, December 19th. Finally, KeyCorp restated a “hold” rating on shares of Sprint in a research report on Wednesday, October 11th. Seven equities 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 stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.72.

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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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