Sprint Corp. (NYSE:S) insider Roger Sole-Rafols sold 49,844 shares of the company’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $7.53, for a total value of $375,325.32. Following the completion of the sale, the insider now owns 1,516,241 shares in the company, valued at $11,417,294.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Sprint Corp. (NYSE:S) traded down 2.1482% during trading on Friday, hitting $7.3291. The company had a trading volume of 8,471,789 shares. The stock’s market cap is $29.18 billion. The firm has a 50 day moving average of $6.70 and a 200 day moving average of $5.45. Sprint Corp. has a 12-month low of $2.18 and a 12-month high of $7.81.

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

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in S. Metropolitan Life Insurance Co. NY boosted its position in shares of Sprint Corp. by 3.5% in the second quarter. Metropolitan Life Insurance Co. NY now owns 22,411 shares of the cell phone carrier’s stock worth $102,000 after buying an additional 758 shares during the period. HighTower Advisors LLC boosted its position in shares of Sprint Corp. by 14.4% in the third quarter. HighTower Advisors LLC now owns 15,740 shares of the cell phone carrier’s stock worth $102,000 after buying an additional 1,983 shares during the period. LPL Financial LLC boosted its position in shares of Sprint Corp. by 0.7% in the third quarter. LPL Financial LLC now owns 15,566 shares of the cell phone carrier’s stock worth $104,000 after buying an additional 111 shares during the period. Dai Ichi Life Holdings Inc. purchased a new position in shares of Sprint Corp. during the third quarter worth about $108,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Sprint Corp. by 16.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 25,415 shares of the cell phone carrier’s stock worth $115,000 after buying an additional 3,612 shares during the period. 14.73% of the stock is currently owned by hedge funds and other institutional investors.

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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