Insider Buying: Sprint Corp (NYSE:S) Major Shareholder Purchases 6,239,538 Shares of Stock

Sprint Corp (NYSE:S) major shareholder Group Corp Softbank purchased 6,239,538 shares of the company’s stock in a transaction dated Thursday, January 11th. The stock was purchased at an average price of $5.70 per share, for a total transaction of $35,565,366.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% 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 16th, Group Corp Softbank bought 6,149,090 shares of Sprint stock. The shares were bought at an average price of $5.68 per share, for a total transaction of $34,926,831.20.
  • On Tuesday, January 9th, Group Corp Softbank bought 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 bought 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 bought 4,301,182 shares of Sprint stock. The shares were bought 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 bought 2,102,152 shares of Sprint stock. The shares were bought 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 bought 4,243,452 shares of Sprint stock. The shares were bought 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 bought 4,282,600 shares of Sprint stock. The shares were bought 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 bought 2,563,780 shares of Sprint stock. The shares were bought 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 bought 5,095,549 shares of Sprint stock. The shares were bought 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 shares were acquired at an average price of $5.60 per share, with a total value of $28,221,071.20.

Sprint Corp (S) traded up $0.26 on Friday, reaching $5.36. 36,147,906 shares of the company traded hands, compared to its average volume of 17,510,000. The company has a market capitalization of $21,440.00, a price-to-earnings ratio of 3.10 and a beta of 0.64. 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 Corp has a one year low of $4.91 and a one year high of $9.44.

A number of brokerages have commented on S. KeyCorp restated a “hold” rating on shares of Sprint in a research note on Wednesday, October 11th. Macquarie restated a “hold” rating and set a $8.00 price target on shares of Sprint in a research note on Thursday, October 26th. Deutsche Bank decreased their price target 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. Nomura restated a “neutral” rating and set a $7.00 price target (down previously from $8.00) on shares of Sprint in a research note on Thursday, October 26th. Finally, BTIG Research boosted their price target on shares of Sprint from $3.85 to $4.00 and gave the company a “sell” rating in a research note on Wednesday, October 18th. Eight analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. Sprint presently has a consensus rating of “Hold” and an average price target of $6.29.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Financial Counselors Inc. lifted its holdings 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 purchasing an additional 201 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Sprint by 1.9% during the second quarter. Pacer Advisors Inc. now owns 26,256 shares of the cell phone carrier’s stock valued at $216,000 after purchasing an additional 500 shares during the last quarter. Advisory Services Network LLC lifted its holdings in Sprint by 1.2% during the second quarter. Advisory Services Network LLC now owns 69,627 shares of the cell phone carrier’s stock valued at $572,000 after purchasing an additional 802 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in 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 valued at $359,000 after purchasing an additional 1,898 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Sprint by 15.2% during the second quarter. Private Advisor Group LLC now owns 23,134 shares of the cell phone carrier’s stock valued at $190,000 after purchasing an additional 3,048 shares during the last quarter. 13.75% of the stock is currently owned by institutional investors and hedge funds.

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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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