Sprint Corporation (NYSE:S) CFO Tarek Robbiati sold 363,529 shares of the company’s stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 1,901,974 shares in the company, valued at $11,411,844. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Sprint Corporation (S) traded down $0.10 during trading hours on Wednesday, reaching $5.93. 16,327,101 shares of the company traded hands, compared to its average volume of 15,373,882. Sprint Corporation 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 Corporation (NYSE:S) last announced its quarterly 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. Sprint Corporation had a negative net margin of 1.82% and a negative return on equity of 3.19%. The firm had revenue of $7.93 billion for the quarter, compared to analyst estimates of $8.05 billion. During the same period last year, the business earned ($0.04) EPS. Sprint Corporation’s revenue for the quarter was down 3.9% compared to the same quarter last year. equities analysts expect that Sprint Corporation will post -0.02 EPS for the current fiscal year.

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Institutional investors have recently modified their holdings of the business. Overbrook Management Corp purchased a new position in Sprint Corporation during the 2nd quarter worth $3,564,000. Swiss National Bank grew its position in Sprint Corporation by 3.0% during the 2nd quarter. Swiss National Bank now owns 2,905,351 shares of the cell phone carrier’s stock worth $23,853,000 after purchasing an additional 83,900 shares during the last quarter. FMR LLC grew its position in Sprint Corporation by 3.1% during the 2nd quarter. FMR LLC now owns 3,835,837 shares of the cell phone carrier’s stock worth $31,492,000 after purchasing an additional 115,192 shares during the last quarter. Gateway Investment Advisers LLC grew its position in Sprint Corporation by 132.6% during the 2nd quarter. Gateway Investment Advisers LLC now owns 97,701 shares of the cell phone carrier’s stock worth $802,000 after purchasing an additional 55,704 shares during the last quarter. Finally, Personal Capital Advisors Corp grew its position in Sprint Corporation by 76.9% during the 3rd quarter. Personal Capital Advisors Corp now owns 872,562 shares of the cell phone carrier’s stock worth $6,789,000 after purchasing an additional 379,238 shares during the last quarter. 13.80% of the stock is currently owned by institutional investors.

S has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Sprint Corporation from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a research report on Tuesday, October 10th. Macquarie reiterated a “hold” rating and issued a $8.00 price objective on shares of Sprint Corporation in a research report on Thursday, October 26th. Nomura reiterated a “neutral” rating and issued a $7.00 price objective (down previously from $8.00) on shares of Sprint Corporation in a research report on Thursday, October 26th. BTIG Research upped their price objective on shares of Sprint Corporation from $3.85 to $4.00 and gave the stock a “sell” rating in a research report on Wednesday, October 18th. Finally, Cowen and Company reiterated a “hold” rating and issued a $6.50 price objective on shares of Sprint Corporation in a research report on Wednesday, July 19th. 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 company. The stock presently has an average rating of “Hold” and a consensus target price of $9.65.

About Sprint Corporation

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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