Sprint Corp (S) Major Shareholder Group Corp Softbank Acquires 6,239,538 Shares

Sprint Corp (NYSE:S) major shareholder Group Corp Softbank bought 6,239,538 shares of Sprint stock in a transaction dated Thursday, January 11th. The stock was purchased at an average price of $5.70 per share, with a total value of $35,565,366.60. The purchase was disclosed in a document filed with the SEC, 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 Tuesday, January 9th, Group Corp Softbank bought 5,348,176 shares of Sprint stock. The stock was purchased at an average price of $5.82 per share, with a total value of $31,126,384.32.
  • On Friday, January 5th, Group Corp Softbank bought 5,161,418 shares of Sprint stock. The stock was purchased at an average price of $5.68 per share, with a total value of $29,316,854.24.
  • On Wednesday, January 3rd, Group Corp Softbank bought 4,301,182 shares of Sprint stock. The stock was purchased at an average price of $5.96 per share, with a total value of $25,635,044.72.
  • On Friday, December 28th, Group Corp Softbank bought 2,102,152 shares of Sprint stock. The stock was purchased at an average price of $5.92 per share, with a total value of $12,444,739.84.
  • On Friday, December 29th, Group Corp Softbank bought 4,243,452 shares of Sprint stock. The stock was purchased at an average price of $5.94 per share, with a total value of $25,206,104.88.
  • On Wednesday, December 27th, Group Corp Softbank bought 4,282,600 shares of Sprint stock. The stock was purchased at an average price of $5.85 per share, with a total value of $25,053,210.00.
  • On Friday, December 22nd, Group Corp Softbank bought 2,563,780 shares of Sprint stock. The stock was purchased at an average price of $5.69 per share, with a total value of $14,587,908.20.
  • On Wednesday, December 20th, Group Corp Softbank bought 5,095,549 shares of Sprint stock. The stock was purchased at an average price of $5.64 per share, with a total value of $28,738,896.36.
  • On Monday, December 18th, Group Corp Softbank bought 5,039,477 shares of Sprint stock. The stock was purchased at an average price of $5.60 per share, with a total value of $28,221,071.20.
  • On Thursday, December 14th, Group Corp Softbank bought 3,231,117 shares of Sprint stock. The stock was purchased at an average price of $5.68 per share, with a total value of $18,352,744.56.

Shares of Sprint Corp (NYSE S) remained flat at $$5.69 on Friday. The stock had a trading volume of 18,423,145 shares, compared to its average volume of 18,869,471. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.10 and a quick ratio of 1.03. The company has a market cap of $22,760.00, a price-to-earnings ratio of -37.93 and a beta of 0.79. Sprint Corp has a fifty-two week low of $5.42 and a fifty-two week high of $9.65.

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 analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $7.93 billion during the quarter, compared to analysts’ expectations of $8.05 billion. Sprint had a negative net margin of 1.82% and a negative return on equity of 3.19%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) earnings per share. sell-side analysts forecast that Sprint Corp will post -0.02 EPS for the current year.

S has been the subject of several recent analyst reports. Oppenheimer reiterated a “hold” rating on shares of Sprint in a research note on Wednesday, September 20th. Zacks Investment Research upgraded shares of 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 reduced their price objective on shares of Sprint from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Tuesday, October 10th. KeyCorp reiterated a “hold” rating on shares of Sprint in a research note on Wednesday, October 11th. Finally, ValuEngine cut shares of Sprint from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. Sprint currently has a consensus rating of “Hold” and an average target price of $6.72.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Financial Counselors Inc. raised 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 worth $100,000 after acquiring an additional 201 shares during the last quarter. Pacer Advisors Inc. raised its position in Sprint by 1.9% during the second quarter. Pacer Advisors Inc. now owns 26,256 shares of the cell phone carrier’s stock worth $216,000 after acquiring an additional 500 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of Sprint by 1.2% during the second quarter. Advisory Services Network LLC now owns 69,627 shares of the cell phone carrier’s stock worth $572,000 after buying an additional 802 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Sprint by 4.6% during the second quarter. PNC Financial Services Group Inc. now owns 43,611 shares of the cell phone carrier’s stock worth $359,000 after buying an additional 1,898 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of Sprint by 15.2% during the second quarter. Private Advisor Group LLC now owns 23,134 shares of the cell phone carrier’s stock worth $190,000 after buying an additional 3,048 shares in the last quarter. Institutional investors own 13.74% of the company’s stock.

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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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