Sprint Corp (NYSE:S) major shareholder Group Corp Softbank purchased 1,045,040 shares of Sprint stock in a transaction on Monday, December 4th. The shares were acquired at an average price of $5.99 per share, for a total transaction of $6,259,789.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Group Corp Softbank also recently made the following trade(s):

  • On Thursday, November 30th, Group Corp Softbank purchased 961,380 shares of Sprint stock. The shares were acquired at an average price of $5.99 per share, for a total transaction of $5,758,666.20.
  • On Wednesday, November 15th, Group Corp Softbank purchased 2,633,814 shares of Sprint stock. The shares were acquired at an average price of $5.98 per share, for a total transaction of $15,750,207.72.
  • On Monday, November 13th, Group Corp Softbank purchased 3,203,661 shares of Sprint stock. The shares were acquired at an average price of $6.12 per share, for a total transaction of $19,606,405.32.
  • On Thursday, November 9th, Group Corp Softbank purchased 4,322,990 shares of Sprint stock. The shares were acquired at an average price of $6.21 per share, for a total transaction of $26,845,767.90.
  • On Tuesday, November 7th, Group Corp Softbank purchased 6,484,367 shares of Sprint stock. The shares were acquired at an average price of $5.92 per share, for a total transaction of $38,387,452.64.

Shares of Sprint Corp (S) opened at $5.46 on Friday. Sprint Corp has a 52 week low of $5.42 and a 52 week high of $9.65. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.10 and a quick ratio of 1.03.

Sprint (NYSE:S) last announced its quarterly earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $7.93 billion during the quarter, compared to analyst estimates of $8.05 billion. During the same quarter last year, the firm posted ($0.04) earnings per share. The firm’s revenue was down 3.9% on a year-over-year basis. research analysts predict that Sprint Corp will post -0.03 EPS for the current fiscal year.

S has been the subject of a number of analyst reports. BidaskClub lowered Sprint from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Oppenheimer reissued a “hold” rating on shares of Sprint in a research note on Wednesday, September 20th. Zacks Investment Research raised 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. Deutsche Bank dropped their price objective on Sprint from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Tuesday, October 10th. Finally, KeyCorp reissued a “hold” rating on shares of Sprint in a research note on Wednesday, October 11th. Eight equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $7.19.

A number of hedge funds have recently made changes to their positions in S. Wetherby Asset Management Inc. purchased a new position in Sprint during the second quarter valued at $100,000. Financial Counselors Inc. lifted its position in Sprint by 1.7% during the second quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock valued at $100,000 after buying an additional 201 shares during the period. Commerce Bank purchased a new position in Sprint during the third quarter valued at $100,000. Summit Securities Group LLC purchased a new position in Sprint during the second quarter valued at $108,000. Finally, Advisors Asset Management Inc. lifted its position in Sprint by 2.2% during the second quarter. Advisors Asset Management Inc. now owns 14,809 shares of the cell phone carrier’s stock valued at $122,000 after buying an additional 318 shares during the period. 13.74% of the stock is owned by institutional investors.

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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)

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