Sprint Corp (S) Insider Dow Draper Sells 292,707 Shares
Sprint Corp (NYSE:S) insider Dow Draper sold 292,707 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $5.71, for a total transaction of $1,671,356.97. Following the completion of the sale, the insider now directly owns 1,165,158 shares of the company’s stock, valued at approximately $6,653,052.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Sprint Corp (NYSE S) traded down $0.05 during trading hours on Thursday, reaching $5.69. The company had a trading volume of 13,794,700 shares, compared to its average volume of 15,112,900. Sprint Corp has a 12-month low of $5.62 and a 12-month high of $9.65. 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 (NYSE:S) last issued its quarterly earnings data on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share (EPS) for the quarter, topping the 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 had a negative return on equity of 3.19% and a negative net margin of 1.82%. Sprint’s revenue 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. research analysts expect that Sprint Corp will post -0.03 EPS for the current fiscal year.
A number of research firms have commented on S. Jefferies Group lowered their target price on shares of Sprint from $5.50 to $4.50 and set an “underperform” rating for the company in a report on Tuesday, November 7th. Macquarie reaffirmed a “hold” rating and issued a $6.50 price objective on shares of Sprint in a research report on Tuesday, November 7th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $8.00 price objective on shares of Sprint in a research report on Tuesday, November 7th. UBS reaffirmed a “buy” rating and issued a $7.50 price objective (down from $9.00) on shares of Sprint in a research report on Monday, November 6th. Finally, KeyCorp cut shares of Sprint from a “sector weight” rating to an “underweight” rating and set a $5.50 price target on the stock. in a research report on Monday, November 6th. Eight investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. Sprint currently has a consensus rating of “Hold” and a consensus target price of $7.19.
Institutional investors and hedge funds have recently modified their holdings of the business. Financial Counselors Inc. grew its holdings in shares of Sprint by 1.7% during the second quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock valued at $100,000 after purchasing an additional 201 shares during the last quarter. Wetherby Asset Management Inc. bought a new position in Sprint in the 2nd quarter worth approximately $100,000. Commerce Bank bought a new position in Sprint in the 3rd quarter worth approximately $100,000. Summit Securities Group LLC bought a new position in Sprint in the 2nd quarter worth approximately $108,000. Finally, Advisors Asset Management Inc. grew its holdings in Sprint by 2.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 14,809 shares of the cell phone carrier’s stock worth $122,000 after buying an additional 318 shares in the last quarter. Institutional investors own 13.74% of the company’s stock.
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.
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