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

Shares of Sprint Corp (NYSE:S) opened at $5.49 on Thursday. 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 firm has a market cap of $22,401.94, a PE ratio of -36.60 and a beta of 0.79. Sprint Corp has a 1-year low of $5.42 and a 1-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 for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.01. The company 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 for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) earnings per share. research analysts predict that Sprint Corp will post -0.01 EPS for the current year.

Several institutional investors have recently bought and sold shares of S. Janus Henderson Group PLC raised its stake in Sprint by 6,509.8% in the second quarter. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier’s stock worth $58,944,000 after buying an additional 7,070,812 shares in the last quarter. Odey Asset Management Group Ltd raised its stake in Sprint by 107.3% in the second quarter. Odey Asset Management Group Ltd now owns 8,124,955 shares of the cell phone carrier’s stock worth $66,706,000 after buying an additional 4,204,955 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in Sprint by 1,182.2% in the third quarter. Asset Management One Co. Ltd. now owns 1,235,281 shares of the cell phone carrier’s stock worth $9,609,000 after buying an additional 1,138,942 shares in the last quarter. Naya Capital Management UK Ltd. raised its stake in Sprint by 67.1% in the second quarter. Naya Capital Management UK Ltd. now owns 2,423,100 shares of the cell phone carrier’s stock worth $19,894,000 after buying an additional 973,100 shares in the last quarter. Finally, Koch Industries Inc. bought a new position in Sprint in the second quarter worth about $434,000. Institutional investors own 13.74% of the company’s stock.

Several research firms have issued reports on S. Oppenheimer restated a “hold” rating on shares of Sprint in a research report on Wednesday, September 20th. Zacks Investment Research upgraded shares of Sprint from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a research report on Tuesday, October 3rd. KeyCorp lowered 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 report on Monday, November 6th. UBS Group restated a “buy” rating and set a $7.50 price target (down from $9.00) on shares of Sprint in a research report on Monday, November 6th. Finally, Deutsche Bank cut their price target on shares of Sprint to $5.50 and set a “hold” rating for the company in a research report on Monday, December 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 company’s stock. The stock presently has a consensus rating of “Hold” and an average 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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