Sprint Corp (S) Shares Bought by Capital Bank & Trust Co
Capital Bank & Trust Co grew its position in shares of Sprint Corp (NYSE:S) by 10,821.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,625 shares of the cell phone carrier’s stock after buying an additional 21,427 shares during the quarter. Capital Bank & Trust Co’s holdings in Sprint were worth $168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cowen Inc. purchased a new stake in shares of Sprint in the 3rd quarter worth $934,000. Magnetar Financial LLC purchased a new stake in shares of Sprint in the 3rd quarter worth $771,000. Asset Management One Co. Ltd. increased its stake in shares of Sprint by 1,182.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,235,281 shares of the cell phone carrier’s stock worth $9,609,000 after purchasing an additional 1,138,942 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Sprint by 15.2% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 568,824 shares of the cell phone carrier’s stock worth $4,425,000 after purchasing an additional 75,000 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Sprint by 15.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 112,697 shares of the cell phone carrier’s stock worth $877,000 after purchasing an additional 14,736 shares in the last quarter. 13.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sprint Corp (NYSE:S) remained flat at $$5.44 during mid-day trading on Tuesday. The company’s stock had a trading volume of 10,230,700 shares, compared to its average volume of 15,147,826. Sprint Corp has a fifty-two week low of $5.42 and a fifty-two week high of $9.65. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 1.80.
Sprint (NYSE:S) last released its quarterly earnings data on Wednesday, October 25th. The cell phone carrier reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. Sprint had a negative net margin of 1.82% and a negative return on equity of 3.19%. The business had revenue of $7.93 billion during the quarter, compared to the consensus estimate of $8.05 billion. During the same quarter in the prior year, the firm earned ($0.04) EPS. The business’s revenue was down 3.9% on a year-over-year basis. equities analysts expect that Sprint Corp will post -0.03 earnings per share for the current fiscal year.
In related news, major shareholder Group Corp Softbank acquired 4,322,990 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $6.21 per share, with a total value of $26,845,767.90. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Tarek Robbiati sold 363,529 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $6.00, for a total transaction of $2,181,174.00. Following the transaction, the chief financial officer now directly owns 1,901,974 shares of the company’s stock, valued at approximately $11,411,844. The disclosure for this sale can be found here. In the last three months, insiders have acquired 18,651,252 shares of company stock valued at $112,608,289 and have sold 769,195 shares valued at $4,550,618. 0.18% of the stock is owned by corporate insiders.
S has been the subject of several analyst reports. Zacks Investment Research upgraded Sprint from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research note on Tuesday, October 3rd. Vetr lowered Sprint from a “strong-buy” rating to a “buy” rating and set a $7.10 price objective for the company. in a research note on Thursday, November 2nd. UBS reiterated a “buy” rating and issued a $7.50 price target (down previously from $9.00) on shares of Sprint in a research note on Monday, November 6th. KeyCorp reiterated a “hold” rating on shares of Sprint in a research note on Wednesday, October 11th. Finally, Deutsche Bank cut their price target on Sprint from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Tuesday, October 10th. Eight analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.10.
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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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