Sprint Corp (NYSE:S) major shareholder Group Corp Softbank acquired 4,301,182 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was purchased at an average price of $5.96 per share, with a total value of $25,635,044.72. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 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 Friday, December 28th, Group Corp Softbank acquired 2,102,152 shares of Sprint stock. The stock was purchased 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 acquired 4,243,452 shares of Sprint stock. The stock was purchased 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 acquired 4,282,600 shares of Sprint stock. The stock was purchased 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 acquired 2,563,780 shares of Sprint stock. The stock was purchased 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 shares were bought at an average cost of $5.64 per share, for a total transaction of $28,738,896.36.
  • On Monday, December 18th, Group Corp Softbank bought 5,039,477 shares of Sprint stock. The shares were bought at an average cost of $5.60 per share, for a total transaction of $28,221,071.20.
  • On Thursday, December 14th, Group Corp Softbank bought 3,231,117 shares of Sprint stock. The shares were bought at an average cost of $5.68 per share, for a total transaction of $18,352,744.56.
  • On Monday, December 4th, Group Corp Softbank bought 1,045,040 shares of Sprint stock. The shares were bought at an average cost of $5.99 per share, for a total transaction of $6,259,789.60.
  • On Thursday, November 30th, Group Corp Softbank bought 961,380 shares of Sprint stock. The shares were bought at an average cost of $5.99 per share, for a total transaction of $5,758,666.20.
  • On Wednesday, November 15th, Group Corp Softbank bought 2,633,814 shares of Sprint stock. The shares were bought at an average cost of $5.98 per share, for a total transaction of $15,750,207.72.

Sprint Corp (NYSE S) opened at $5.80 on Friday. The firm has a market capitalization of $22,521.95, a price-to-earnings ratio of -38.66 and a beta of 0.79. Sprint Corp has a 52-week low of $5.42 and a 52-week 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 posted its quarterly 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. Sprint had a negative return on equity of 3.19% and a negative net margin of 1.82%. The firm had revenue of $7.93 billion for the quarter, compared to analyst estimates of $8.05 billion. During the same period in the previous year, the firm earned ($0.04) earnings per share. Sprint’s quarterly revenue was down 3.9% on a year-over-year basis. equities analysts predict that Sprint Corp will post -0.02 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp grew its stake in Sprint by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 3,595,501 shares of the cell phone carrier’s stock valued at $27,973,000 after purchasing an additional 54,865 shares in the last quarter. State of Wisconsin Investment Board grew its stake in Sprint by 3.9% in the third quarter. State of Wisconsin Investment Board now owns 954,107 shares of the cell phone carrier’s stock valued at $7,423,000 after purchasing an additional 35,910 shares in the last quarter. Overbrook Management Corp purchased a new position in Sprint in the second quarter valued at about $3,564,000. Swiss National Bank grew its stake in Sprint by 3.0% in the second quarter. Swiss National Bank now owns 2,905,351 shares of the cell phone carrier’s stock valued at $23,853,000 after purchasing an additional 83,900 shares in the last quarter. Finally, FMR LLC grew its stake in Sprint by 3.1% in the second quarter. FMR LLC now owns 3,835,837 shares of the cell phone carrier’s stock valued at $31,492,000 after purchasing an additional 115,192 shares in the last quarter. Hedge funds and other institutional investors own 13.74% of the company’s stock.

A number of equities research analysts have recently issued reports on S shares. Oppenheimer reaffirmed a “hold” rating on shares of Sprint in a research report on Wednesday, September 20th. Zacks Investment Research raised Sprint from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research report on Tuesday, October 3rd. Deutsche Bank cut their target price on Sprint from $8.00 to $7.00 and set a “hold” rating on the stock in a research report on Tuesday, October 10th. KeyCorp reaffirmed a “hold” rating on shares of Sprint in a research report on Wednesday, October 11th. Finally, ValuEngine lowered Sprint from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $6.72.

WARNING: This news story was posted by Watch List News and is the property of of Watch List News. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The original version of this news story can be read at https://www.watchlistnews.com/sprint-corp-s-major-shareholder-group-corp-softbank-acquires-4301182-shares/1797721.html.

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)

Receive News & Ratings for Sprint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprint and related companies with MarketBeat.com's FREE daily email newsletter.