Sprint Corp. (NYSE:S) VP Paul W. Schieber, Jr. sold 52,375 shares of Sprint Corp. stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $7.36, for a total value of $385,480.00. Following the completion of the transaction, the vice president now directly owns 205,808 shares of the company’s stock, valued at $1,514,746.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Sprint Corp. (NYSE:S) opened at 7.49 on Friday. The firm’s market cap is $29.82 billion. Sprint Corp. has a 12-month low of $2.18 and a 12-month high of $7.81. The firm has a 50-day moving average price of $6.70 and a 200 day moving average price of $5.45.

Sprint Corp. (NYSE:S) last issued its earnings results on Tuesday, October 25th. The cell phone carrier reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03. The company earned $8.25 billion during the quarter, compared to analyst estimates of $8.69 billion. Sprint Corp. had a negative return on equity of 8.91% and a negative net margin of 5.65%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.15) EPS. On average, equities research analysts anticipate that Sprint Corp. will post ($0.83) earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of S. Vanguard Group Inc. raised its position in shares of Sprint Corp. by 4.7% in the second quarter. Vanguard Group Inc. now owns 38,197,106 shares of the cell phone carrier’s stock valued at $173,033,000 after buying an additional 1,719,929 shares during the last quarter. Primecap Management Co. CA raised its position in shares of Sprint Corp. by 26.6% in the second quarter. Primecap Management Co. CA now owns 36,561,800 shares of the cell phone carrier’s stock valued at $165,625,000 after buying an additional 7,671,300 shares during the last quarter. First Trust Advisors LP raised its position in Sprint Corp. by 78,073.3% in the second quarter. First Trust Advisors LP now owns 20,373,523 shares of the cell phone carrier’s stock worth $92,292,000 after buying an additional 20,347,461 shares in the last quarter. BlackRock Fund Advisors raised its position in Sprint Corp. by 26.1% in the second quarter. BlackRock Fund Advisors now owns 17,746,561 shares of the cell phone carrier’s stock worth $80,392,000 after buying an additional 3,676,883 shares in the last quarter. Finally, Morgan Stanley raised its position in Sprint Corp. by 54.0% in the third quarter. Morgan Stanley now owns 14,231,691 shares of the cell phone carrier’s stock worth $94,356,000 after buying an additional 4,990,833 shares in the last quarter. Institutional investors own 14.73% of the company’s stock.

Several equities analysts have weighed in on the company. FBR & Co reaffirmed an “outperform” rating and issued a $8.00 target price on shares of Sprint Corp. in a research report on Thursday, October 27th. Deutsche Bank AG lifted their target price on Sprint Corp. from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Tuesday, July 26th. Argus reaffirmed a “hold” rating on shares of Sprint Corp. in a research report on Tuesday, July 26th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Sprint Corp. in a research report on Tuesday, July 26th. Finally, Citigroup Inc. lifted their target price on Sprint Corp. from $4.75 to $6.00 and gave the company a “neutral” rating in a research report on Tuesday, July 26th. Nine analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $4.72.

About Sprint Corp.

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.

5 Day Chart for NYSE:S

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