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 price of $5.70 per share, for a total transaction of $35,565,366.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% 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 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, for a total transaction 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, for a total transaction 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, 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 acquired 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 acquired 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 acquired 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 acquired 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 acquired 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 acquired at an average price of $5.60 per share, for a total transaction of $28,221,071.20.
  • On Thursday, December 14th, Group Corp Softbank purchased 3,231,117 shares of Sprint stock. The shares were acquired at an average price of $5.68 per share, for a total transaction of $18,352,744.56.

Sprint Corp (NYSE S) remained flat at $$5.69 during trading hours on Friday. 18,423,145 shares of the stock were exchanged, compared to its average volume of 17,350,000. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $22,760.00, a price-to-earnings ratio of -37.93 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, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $7.93 billion for 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. analysts forecast that Sprint Corp will post -0.01 EPS for the current fiscal year.

A number of equities analysts recently weighed in on S shares. Zacks Investment Research upgraded shares of Sprint from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a research report on Tuesday, October 10th. 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. Macquarie restated a “hold” rating and set a $8.00 price target on shares of Sprint in a research report on Thursday, October 26th. KeyCorp lowered shares of Sprint from a “sector weight” rating to an “underweight” rating and set a $5.50 target price on the stock. in a report on Monday, November 6th. Finally, Deutsche Bank decreased their target price on shares of Sprint to $5.50 and set a “hold” rating on the stock in a report on Monday, December 11th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. Sprint presently has an average rating of “Hold” and an average price target of $6.72.

Institutional investors have recently added to or reduced their stakes in the company. Financial Counselors Inc. raised its stake in shares of Sprint by 1.7% in the 2nd quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock valued at $100,000 after acquiring an additional 201 shares during the period. Commerce Bank purchased a new stake in shares of Sprint in the 3rd quarter valued at approximately $100,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Sprint in the 3rd quarter valued at approximately $141,000. Americafirst Capital Management LLC purchased a new stake in shares of Sprint in the 3rd quarter valued at approximately $156,000. Finally, Capital Bank & Trust Co raised its stake in shares of Sprint by 10,821.7% in the 3rd quarter. Capital Bank & Trust Co now owns 21,625 shares of the cell phone carrier’s stock valued at $168,000 after acquiring an additional 21,427 shares during the period. 13.74% of the stock is currently owned by institutional investors and hedge funds.

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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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