Sprint Corp (S) Major Shareholder Buys $34,926,831.20 in Stock

Sprint Corp (NYSE:S) major shareholder Group Corp Softbank acquired 6,149,090 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was purchased at an average cost of $5.68 per share, with a total value of $34,926,831.20. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more 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 Thursday, January 11th, Group Corp Softbank acquired 6,239,538 shares of Sprint stock. The stock was purchased at an average cost of $5.70 per share, with a total value of $35,565,366.60.
  • On Tuesday, January 9th, Group Corp Softbank acquired 5,348,176 shares of Sprint stock. The stock was purchased at an average cost of $5.82 per share, with a total value of $31,126,384.32.
  • On Friday, January 5th, Group Corp Softbank acquired 5,161,418 shares of Sprint stock. The stock was purchased at an average cost of $5.68 per share, with a total value of $29,316,854.24.
  • On Wednesday, January 3rd, Group Corp Softbank acquired 4,301,182 shares of Sprint stock. The stock was purchased at an average cost of $5.96 per share, with a total value of $25,635,044.72.
  • On Friday, December 28th, Group Corp Softbank acquired 2,102,152 shares of Sprint stock. The stock was purchased at an average cost of $5.92 per share, with a total value of $12,444,739.84.
  • On Friday, December 29th, Group Corp Softbank acquired 4,243,452 shares of Sprint stock. The stock was purchased at an average cost of $5.94 per share, with a total value of $25,206,104.88.
  • On Wednesday, December 27th, Group Corp Softbank acquired 4,282,600 shares of Sprint stock. The stock was purchased at an average cost of $5.85 per share, with a total value of $25,053,210.00.
  • On Friday, December 22nd, Group Corp Softbank acquired 2,563,780 shares of Sprint stock. The stock was purchased at an average cost of $5.69 per share, with a total value of $14,587,908.20.
  • On Wednesday, December 20th, Group Corp Softbank acquired 5,095,549 shares of Sprint stock. The stock was purchased at an average cost of $5.64 per share, with a total value of $28,738,896.36.
  • On Monday, December 18th, Group Corp Softbank acquired 5,039,477 shares of Sprint stock. The stock was purchased at an average cost of $5.60 per share, with a total value of $28,221,071.20.

Shares of Sprint Corp (NYSE S) opened at $5.47 on Friday. The stock has a market capitalization of $21,880.00, a PE ratio of -36.47 and a beta of 0.79. 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 Corp has a 12-month low of $5.24 and a 12-month high of $9.65.

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

Several research analysts have commented on the company. KeyCorp restated a “hold” rating on shares of Sprint in a research note on Wednesday, October 11th. Zacks Investment Research downgraded Sprint from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Macquarie restated a “hold” rating and issued a $8.00 target price on shares of Sprint in a research note on Thursday, October 26th. Deutsche Bank cut their target price on Sprint from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Tuesday, October 10th. Finally, Nomura restated a “neutral” rating and issued a $7.00 target price (down previously from $8.00) on shares of Sprint in a research note on Thursday, October 26th. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. Sprint presently has an average rating of “Hold” and an average price target of $6.52.

Several institutional investors and hedge funds have recently modified their holdings of the company. Advisory Services Network LLC lifted its position in Sprint by 1.2% in the 2nd quarter. Advisory Services Network LLC now owns 69,627 shares of the cell phone carrier’s stock worth $572,000 after buying an additional 802 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Sprint by 4.6% in the 2nd 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. Private Advisor Group LLC lifted its position in Sprint by 15.2% in the 2nd 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. Raymond James Financial Services Advisors Inc. lifted its position in Sprint by 12.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 44,213 shares of the cell phone carrier’s stock worth $363,000 after buying an additional 4,771 shares during the last quarter. Finally, Pinebridge Investments L.P. lifted its position in Sprint by 0.6% in the 2nd quarter. Pinebridge Investments L.P. now owns 915,540 shares of the cell phone carrier’s stock worth $7,517,000 after buying an additional 5,486 shares during the last quarter. Hedge funds and other institutional investors own 13.74% of the company’s stock.

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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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