Sprint Corp (NYSE:S) Major Shareholder Group Corp Softbank Buys 5,039,477 Shares

Sprint Corp (NYSE:S) major shareholder Group Corp Softbank acquired 5,039,477 shares of the stock in a transaction dated Monday, December 18th. The shares were bought at an average price of $5.60 per share, for a total transaction of $28,221,071.20. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares 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 acquired 5,348,176 shares of Sprint stock. The shares were bought at an average price of $5.82 per share, for a total transaction of $31,126,384.32.
  • On Friday, January 5th, Group Corp Softbank bought 5,161,418 shares of Sprint stock. The shares were acquired at an average cost of $5.68 per share, for a total transaction of $29,316,854.24.
  • On Wednesday, January 3rd, Group Corp Softbank bought 4,301,182 shares of Sprint stock. The shares were acquired at an average cost of $5.96 per share, for a total transaction of $25,635,044.72.
  • On Friday, December 28th, Group Corp Softbank bought 2,102,152 shares of Sprint stock. The shares were acquired at an average cost of $5.92 per share, for a total transaction of $12,444,739.84.
  • On Friday, December 29th, Group Corp Softbank bought 4,243,452 shares of Sprint stock. The shares were acquired at an average cost of $5.94 per share, for a total transaction of $25,206,104.88.
  • On Wednesday, December 27th, Group Corp Softbank bought 4,282,600 shares of Sprint stock. The shares were acquired at an average cost 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 purchased at an average cost 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 purchased at an average cost of $5.64 per share, for a total transaction of $28,738,896.36.
  • On Thursday, December 14th, Group Corp Softbank purchased 3,231,117 shares of Sprint stock. The stock was purchased at an average cost 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 purchased at an average cost of $5.99 per share, for a total transaction of $6,259,789.60.

Sprint Corp (S) traded up $0.07 on Thursday, hitting $5.69. 16,444,900 shares of the stock traded hands, compared to its average volume of 17,060,000. 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 Corp has a 1 year low of $5.42 and a 1 year high of $9.65. The stock has a market capitalization of $22,760.00, a PE ratio of -37.93 and a beta of 0.79.

Sprint (NYSE:S) last released its quarterly earnings data on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $7.93 billion during the quarter, compared to analysts’ expectations of $8.05 billion. During the same period in the previous year, the company earned ($0.04) earnings per share. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. equities analysts predict that Sprint Corp will post -0.02 earnings per share for the current year.

S has been the topic of a number of research reports. Moffett Nathanson reaffirmed a “sell” rating on shares of Sprint in a research note on Thursday, October 12th. KeyCorp set a $5.00 target price on shares of Sprint and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. Oppenheimer reaffirmed a “hold” rating on shares of Sprint in a research note on Wednesday, September 20th. TheStreet lowered shares of Sprint from a “c-” rating to a “d+” rating in a research note on Tuesday, December 19th. Finally, Zacks Investment Research cut shares of Sprint from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $6.72.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Financial Counselors Inc. boosted its position in shares of Sprint by 1.7% in the second quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock worth $100,000 after purchasing an additional 201 shares during the period. Commerce Bank bought a new position in shares of Sprint in the third quarter worth approximately $100,000. Advisors Asset Management Inc. boosted its position in shares of Sprint by 2.2% in the second quarter. Advisors Asset Management Inc. now owns 14,809 shares of the cell phone carrier’s stock worth $122,000 after purchasing an additional 318 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of Sprint in the second quarter worth approximately $125,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Sprint in the third quarter worth approximately $141,000. 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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