Sprint Corp (NYSE:S) major shareholder Group Corp Softbank bought 5,039,477 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were purchased at an average cost of $5.60 per share, with a total value of $28,221,071.20. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 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 Thursday, December 14th, Group Corp Softbank bought 3,231,117 shares of Sprint stock. The shares were purchased at an average cost of $5.68 per share, with a total value of $18,352,744.56.
  • On Monday, December 4th, Group Corp Softbank bought 1,045,040 shares of Sprint stock. The shares were purchased at an average cost of $5.99 per share, with a total value of $6,259,789.60.
  • On Thursday, November 30th, Group Corp Softbank bought 961,380 shares of Sprint stock. The shares were purchased at an average cost of $5.99 per share, with a total value of $5,758,666.20.
  • On Wednesday, November 15th, Group Corp Softbank bought 2,633,814 shares of Sprint stock. The shares were purchased at an average cost of $5.98 per share, with a total value of $15,750,207.72.
  • On Monday, November 13th, Group Corp Softbank bought 3,203,661 shares of Sprint stock. The shares were purchased at an average cost of $6.12 per share, with a total value of $19,606,405.32.
  • On Thursday, November 9th, Group Corp Softbank bought 4,322,990 shares of Sprint stock. The shares were purchased at an average cost of $6.21 per share, with a total value of $26,845,767.90.
  • On Tuesday, November 7th, Group Corp Softbank bought 6,484,367 shares of Sprint stock. The shares were purchased at an average cost of $5.92 per share, with a total value of $38,387,452.64.

Shares of Sprint Corp (NYSE:S) opened at $5.58 on Thursday. 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 52-week low of $5.42 and a 52-week high of $9.65.

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 consensus estimate of ($0.02) by $0.01. The company had revenue of $7.93 billion during the quarter, compared to the consensus estimate of $8.05 billion. Sprint had a negative net margin of 1.82% and a negative return on equity of 3.19%. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) earnings per share. equities analysts forecast that Sprint Corp will post -0.02 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of S. Financial Counselors Inc. boosted its holdings in Sprint by 1.7% during the second quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock worth $100,000 after purchasing an additional 201 shares during the last quarter. Commerce Bank purchased a new position in Sprint during the third quarter worth about $100,000. Advisors Asset Management Inc. boosted its holdings 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 worth $122,000 after purchasing an additional 318 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Sprint during the second quarter worth about $125,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Sprint during the third quarter worth about $141,000. 13.74% of the stock is owned by institutional investors.

Several research firms have weighed in on S. Oppenheimer reaffirmed a “hold” rating on shares of Sprint in a research note 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 research note on Tuesday, October 3rd. KeyCorp downgraded shares of Sprint from a “sector weight” rating to an “underweight” rating and set a $5.50 price target for the company. in a research note on Monday, November 6th. UBS reaffirmed 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 decreased their price target on shares of Sprint to $5.50 and set a “hold” rating for the company in a research note on Monday, December 11th. Seven investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. Sprint presently has a consensus rating of “Hold” and an average price target of $7.10.

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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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