Sprint Corporation (NYSE:S) was the target of some unusual options trading on Wednesday. Stock traders bought 2,058 put options on the company. This is an increase of 459% compared to the average daily volume of 368 put options.

Several institutional investors and hedge funds have recently made changes to their positions in S. BlackRock Inc. boosted its holdings in shares of Sprint Corporation by 4,924.2% in the 1st quarter. BlackRock Inc. now owns 39,211,547 shares of the cell phone carrier’s stock valued at $340,355,000 after purchasing an additional 38,431,100 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Sprint Corporation 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 valued at $58,944,000 after purchasing an additional 7,070,812 shares during the last quarter. Odey Asset Management Group Ltd boosted its holdings in shares of Sprint Corporation 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 valued at $66,706,000 after purchasing an additional 4,204,955 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Sprint Corporation by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 37,670,102 shares of the cell phone carrier’s stock valued at $326,977,000 after purchasing an additional 1,823,591 shares during the last quarter. Finally, Naya Capital Management UK Ltd. boosted its holdings in shares of Sprint Corporation by 67.1% in the 2nd quarter. Naya Capital Management UK Ltd. now owns 2,423,100 shares of the cell phone carrier’s stock valued at $19,894,000 after purchasing an additional 973,100 shares during the last quarter. Institutional investors own 13.90% of the company’s stock.

Several equities research analysts have recently issued reports on S shares. Royal Bank Of Canada reaffirmed a “hold” rating and set a $8.00 target price on shares of Sprint Corporation in a research report on Sunday, July 9th. Jefferies Group LLC reaffirmed a “sell” rating and set a $5.00 target price on shares of Sprint Corporation in a research report on Friday, July 14th. Cowen and Company reaffirmed a “hold” rating and set a $6.50 target price on shares of Sprint Corporation in a research report on Wednesday, July 19th. UBS Group AG (USA) reaffirmed a “neutral” rating and set a $9.00 target price on shares of Sprint Corporation in a research report on Wednesday, August 2nd. Finally, Wells Fargo & Company reaffirmed an “outperform” rating on shares of Sprint Corporation in a research report on Wednesday, August 2nd. Seven analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $10.13.

Sprint Corporation (S) opened at $6.67 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.

Sprint Corporation (NYSE:S) last released its earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $7.93 billion during the quarter, compared to analysts’ expectations of $8.05 billion. Sprint Corporation had a negative net margin of 1.82% and a negative return on equity of 3.19%. Sprint Corporation’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) EPS. equities analysts anticipate that Sprint Corporation will post -0.02 EPS for the current fiscal year.

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Sprint Corporation 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.

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