Sprint Corp (NYSE:S) insider Dow Draper sold 292,707 shares of Sprint stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $5.71, for a total transaction of $1,671,356.97. Following the transaction, the insider now owns 1,165,158 shares of the company’s stock, valued at $6,653,052.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Sprint Corp (NYSE:S) opened at $5.44 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.80. Sprint Corp has a 12-month low of $5.42 and a 12-month high of $9.65.
Sprint (NYSE:S) last released its quarterly earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Sprint had a negative net margin of 1.82% and a negative return on equity of 3.19%. The company had revenue of $7.93 billion for the quarter, compared to analyst estimates of $8.05 billion. During the same period last year, the firm earned ($0.04) earnings per share. The firm’s revenue was down 3.9% on a year-over-year basis. research analysts expect that Sprint Corp will post -0.03 earnings per share for the current year.
A number of research analysts have recently issued reports on the stock. Moffett Nathanson reiterated a “sell” rating on shares of Sprint in a report on Thursday, October 12th. Oppenheimer reiterated a “hold” rating on shares of Sprint in a report on Wednesday, September 20th. KeyCorp reiterated a “hold” rating on shares of Sprint in a report on Wednesday, October 11th. Zacks Investment Research cut shares of Sprint from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, ValuEngine cut shares of Sprint from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Eight analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. Sprint presently has an average rating of “Hold” and an average target price of $7.19.
Several institutional investors and hedge funds have recently added to or reduced their stakes in S. Aperio Group LLC lifted its position in shares of Sprint by 12.9% during the second quarter. Aperio Group LLC now owns 232,986 shares of the cell phone carrier’s stock valued at $1,913,000 after purchasing an additional 26,570 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Sprint by 52.9% during the second quarter. Russell Investments Group Ltd. now owns 1,217,391 shares of the cell phone carrier’s stock valued at $9,996,000 after purchasing an additional 421,287 shares in the last quarter. Strs Ohio lifted its position in shares of Sprint by 3,034.3% during the second quarter. Strs Ohio now owns 348,721 shares of the cell phone carrier’s stock valued at $2,862,000 after purchasing an additional 337,595 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Sprint in the second quarter worth about $125,000. Finally, Stratos Wealth Partners LTD. raised its position in Sprint by 17.0% in the second quarter. Stratos Wealth Partners LTD. now owns 15,188 shares of the cell phone carrier’s stock worth $125,000 after acquiring an additional 2,210 shares during the period. 13.74% of the stock is currently owned by institutional investors.
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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.
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