Sprint Corp (NYSE:S) major shareholder Group Corp Softbank bought 6,239,538 shares of the company’s stock in a transaction dated Thursday, January 11th. The stock was bought at an average cost of $5.70 per share, with a total value of $35,565,366.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Tuesday, January 9th, Group Corp Softbank purchased 5,348,176 shares of Sprint stock. The stock was acquired 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 purchased 5,161,418 shares of Sprint stock. The stock was acquired 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 purchased 4,301,182 shares of Sprint stock. The stock was acquired 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 purchased 2,102,152 shares of Sprint stock. The stock was acquired 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 purchased 4,243,452 shares of Sprint stock. The stock was acquired 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 purchased 4,282,600 shares of Sprint stock. The stock was acquired 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 purchased 2,563,780 shares of Sprint stock. The stock was acquired 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 purchased 5,095,549 shares of Sprint stock. The stock was acquired 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 purchased 5,039,477 shares of Sprint stock. The stock was acquired at an average cost of $5.60 per share, with a total value of $28,221,071.20.
  • On Thursday, December 14th, Group Corp Softbank purchased 3,231,117 shares of Sprint stock. The stock was acquired at an average cost of $5.68 per share, with a total value of $18,352,744.56.

Sprint Corp (NYSE S) opened at $5.69 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.03 and a current ratio of 1.10. The stock has a market cap of $22,760.00, a PE ratio of -37.93 and a beta of 0.79. Sprint Corp has a one year low of $5.42 and a one year high of $9.65.

Sprint (NYSE:S) last posted its earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $7.93 billion during 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%. Sprint’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.04) EPS. equities research analysts predict that Sprint Corp will post -0.01 earnings per share for the current fiscal year.

S has been the subject of several research reports. Oppenheimer reaffirmed a “hold” rating on shares of Sprint in a report on Wednesday, September 20th. Zacks Investment Research raised shares of Sprint from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a report on Tuesday, October 3rd. 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. KeyCorp reaffirmed a “hold” rating on shares of Sprint in a report on Wednesday, October 11th. Finally, ValuEngine lowered shares of Sprint from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $6.72.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Sprint by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 37,971,867 shares of the cell phone carrier’s stock worth $311,749,000 after acquiring an additional 301,765 shares during the period. Odey Asset Management Group Ltd lifted its stake in shares of Sprint by 107.3% in the 2nd quarter. Odey Asset Management Group Ltd now owns 8,124,955 shares of the cell phone carrier’s stock worth $66,706,000 after acquiring an additional 4,204,955 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Sprint by 6,509.8% in the 2nd quarter. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier’s stock worth $58,944,000 after acquiring an additional 7,070,812 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Sprint by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,075,012 shares of the cell phone carrier’s stock worth $58,083,000 after acquiring an additional 50,302 shares during the period. Finally, FMR LLC lifted its stake in shares of Sprint by 3.1% in the 2nd quarter. FMR LLC now owns 3,835,837 shares of the cell phone carrier’s stock worth $31,492,000 after acquiring an additional 115,192 shares during the period. 13.74% of the stock is 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.

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

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