Insider Buying: Sprint Corp (S) Major Shareholder Buys 5,095,549 Shares of Stock

Sprint Corp (NYSE:S) major shareholder Group Corp Softbank acquired 5,095,549 shares of Sprint stock in a transaction dated Wednesday, December 20th. The stock was bought at an average price of $5.64 per share, for a total transaction of $28,738,896.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more 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 Monday, December 18th, Group Corp Softbank acquired 5,039,477 shares of Sprint stock. The stock was bought 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 acquired 3,231,117 shares of Sprint stock. The stock was bought 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 acquired 1,045,040 shares of Sprint stock. The stock was bought at an average price of $5.99 per share, for a total transaction of $6,259,789.60.
  • On Thursday, November 30th, Group Corp Softbank acquired 961,380 shares of Sprint stock. The stock was bought at an average price of $5.99 per share, for a total transaction of $5,758,666.20.
  • On Wednesday, November 15th, Group Corp Softbank acquired 2,633,814 shares of Sprint stock. The stock was bought at an average price of $5.98 per share, for a total transaction of $15,750,207.72.
  • On Monday, November 13th, Group Corp Softbank acquired 3,203,661 shares of Sprint stock. The stock was bought at an average price of $6.12 per share, for a total transaction of $19,606,405.32.
  • On Thursday, November 9th, Group Corp Softbank acquired 4,322,990 shares of Sprint stock. The stock was bought at an average price of $6.21 per share, for a total transaction of $26,845,767.90.
  • On Tuesday, November 7th, Group Corp Softbank acquired 6,484,367 shares of Sprint stock. The stock was bought at an average price of $5.92 per share, for a total transaction of $38,387,452.64.

Sprint Corp (S) remained flat at $$5.58 during midday trading on Thursday. The stock had a trading volume of 14,464,500 shares, compared to its average volume of 15,385,448. Sprint Corp has a fifty-two week low of $5.42 and a fifty-two week high of $9.65. 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 released its earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $8.05 billion. Sprint had a negative return on equity of 3.19% and a negative net margin of 1.82%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.04) earnings per share. analysts predict that Sprint Corp will post -0.02 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in S. Janus Henderson Group PLC increased its stake in Sprint by 6,509.8% during the second quarter. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier’s stock worth $58,944,000 after acquiring an additional 7,070,812 shares during the last quarter. Odey Asset Management Group Ltd increased 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 acquiring an additional 4,204,955 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in Sprint by 1,182.2% during the third quarter. Asset Management One Co. Ltd. now owns 1,235,281 shares of the cell phone carrier’s stock worth $9,609,000 after acquiring an additional 1,138,942 shares during the last quarter. Naya Capital Management UK Ltd. increased its stake in Sprint by 67.1% during the second quarter. Naya Capital Management UK Ltd. now owns 2,423,100 shares of the cell phone carrier’s stock worth $19,894,000 after acquiring an additional 973,100 shares during the last quarter. Finally, Koch Industries Inc. acquired a new stake in Sprint during the second quarter worth about $434,000. Institutional investors own 13.74% of the company’s stock.

Several brokerages have recently issued reports on S. TheStreet downgraded Sprint from a “c-” rating to a “d+” rating in a research report on Tuesday. Deutsche Bank reduced their price objective on Sprint to $5.50 and set a “hold” rating on the stock in a research report on Monday, December 11th. Jefferies Group reduced their price objective on Sprint from $5.50 to $4.50 and set an “underperform” rating on the stock in a research report on Tuesday, November 7th. Macquarie reiterated a “hold” rating and set a $6.50 target price on shares of Sprint in a research report on Tuesday, November 7th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $8.00 target price on shares of Sprint in a research report on Tuesday, November 7th. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $7.10.

ILLEGAL ACTIVITY WARNING: This news story was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://www.com-unik.info/2017/12/21/insider-buying-sprint-corp-s-major-shareholder-buys-5095549-shares-of-stock.html.

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)

Receive News & Ratings for Sprint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprint and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit