Sprint Corp (S) Major Shareholder Group Corp Softbank Buys 5,348,176 Shares

Sprint Corp (NYSE:S) major shareholder Group Corp Softbank bought 5,348,176 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was bought at an average cost of $5.82 per share, with a total value of $31,126,384.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Friday, January 5th, Group Corp Softbank purchased 5,161,418 shares of Sprint stock. The stock was acquired at an average price of $5.68 per share, for a total transaction of $29,316,854.24.
  • On Wednesday, January 3rd, Group Corp Softbank purchased 4,301,182 shares of Sprint stock. The stock was acquired at an average price of $5.96 per share, for a total transaction of $25,635,044.72.
  • On Friday, December 28th, Group Corp Softbank purchased 2,102,152 shares of Sprint stock. The stock was acquired at an average price of $5.92 per share, for a total transaction of $12,444,739.84.
  • On Friday, December 29th, Group Corp Softbank purchased 4,243,452 shares of Sprint stock. The stock was acquired at an average price of $5.94 per share, for a total transaction of $25,206,104.88.
  • On Wednesday, December 27th, Group Corp Softbank purchased 4,282,600 shares of Sprint stock. The stock was acquired at an average price of $5.85 per share, for a total transaction of $25,053,210.00.
  • On Friday, December 22nd, Group Corp Softbank purchased 2,563,780 shares of Sprint stock. The stock was acquired at an average price of $5.69 per share, for a total transaction of $14,587,908.20.
  • On Wednesday, December 20th, Group Corp Softbank purchased 5,095,549 shares of Sprint stock. The stock was acquired at an average price of $5.64 per share, for a total transaction of $28,738,896.36.
  • On Monday, December 18th, Group Corp Softbank purchased 5,039,477 shares of Sprint stock. The stock was acquired at an average price of $5.60 per share, for a total transaction of $28,221,071.20.
  • On Thursday, December 14th, Group Corp Softbank purchased 3,231,117 shares of Sprint stock. The stock was acquired at an average price of $5.68 per share, for a total transaction of $18,352,744.56.
  • On Monday, December 4th, Group Corp Softbank purchased 1,045,040 shares of Sprint stock. The stock was acquired at an average price of $5.99 per share, for a total transaction of $6,259,789.60.

Shares of Sprint Corp (NYSE S) traded down $0.07 during midday trading on Wednesday, reaching $5.62. 14,293,701 shares of the company were exchanged, compared to its average volume of 16,870,000. Sprint Corp has a 1 year low of $5.42 and a 1 year high of $9.65. The firm has a market capitalization of $22,480.00, a price-to-earnings ratio of -37.47 and a beta of 0.79. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.03 and a current ratio of 1.10.

Sprint (NYSE:S) last announced its earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $7.93 billion for the quarter, compared to analyst estimates of $8.05 billion. Sprint had a negative net margin of 1.82% and a negative return on equity of 3.19%. Sprint’s revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.04) earnings per share. analysts anticipate that Sprint Corp will post -0.02 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Sprint by 0.8% during the second quarter. Vanguard Group Inc. now owns 37,971,867 shares of the cell phone carrier’s stock worth $311,749,000 after purchasing an additional 301,765 shares during the period. Odey Asset Management Group Ltd raised its stake in Sprint by 107.3% during the second quarter. Odey Asset Management Group Ltd now owns 8,124,955 shares of the cell phone carrier’s stock worth $66,706,000 after purchasing an additional 4,204,955 shares during the period. Janus Henderson Group PLC raised its stake in shares of Sprint by 6,509.8% in the 2nd quarter. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier’s stock valued at $58,944,000 after acquiring an additional 7,070,812 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Sprint by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,075,012 shares of the cell phone carrier’s stock valued at $58,083,000 after acquiring an additional 50,302 shares during the period. Finally, FMR LLC raised its stake in shares of Sprint by 3.1% in the 2nd quarter. FMR LLC now owns 3,835,837 shares of the cell phone carrier’s stock valued at $31,492,000 after acquiring an additional 115,192 shares during the period. 13.74% of the stock is currently owned by institutional investors.

Several research firms have recently commented on S. KeyCorp reiterated a “hold” rating on shares of Sprint in a research report on Wednesday, October 11th. Zacks Investment Research lowered shares of Sprint from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Macquarie reiterated a “hold” rating and issued a $8.00 price target on shares of Sprint in a research report on Thursday, October 26th. Deutsche Bank lowered their price target on shares of Sprint from $8.00 to $7.00 and set a “hold” rating on the stock in a research report on Tuesday, October 10th. Finally, Nomura reiterated a “neutral” rating and issued a $7.00 price target (down from $8.00) on shares of Sprint in a research report on Thursday, October 26th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. Sprint has a consensus rating of “Hold” and a consensus target price of $6.72.

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Sprint Company Profile

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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