Sprint Corp (S) Major Shareholder Buys $29,316,854.24 in Stock

Sprint Corp (NYSE:S) major shareholder Group Corp Softbank acquired 5,161,418 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The shares were purchased at an average price of $5.68 per share, with a total value of $29,316,854.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Group Corp Softbank also recently made the following trade(s):

  • On Wednesday, January 3rd, Group Corp Softbank acquired 4,301,182 shares of Sprint stock. The shares were 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 acquired 2,102,152 shares of Sprint stock. The shares were 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 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 acquired 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 acquired at an average cost of $5.64 per share, for a total transaction of $28,738,896.36.
  • On Monday, December 18th, Group Corp Softbank bought 5,039,477 shares of Sprint stock. The shares were purchased at an average cost of $5.60 per share, for a total transaction of $28,221,071.20.
  • On Thursday, December 14th, Group Corp Softbank purchased 3,231,117 shares of Sprint stock. The shares were acquired at an average price of $5.68 per share, with a total value of $18,352,744.56.
  • On Monday, December 4th, Group Corp Softbank purchased 1,045,040 shares of Sprint stock. The shares were acquired at an average price of $5.99 per share, with a total value of $6,259,789.60.
  • On Thursday, November 30th, Group Corp Softbank bought 961,380 shares of Sprint stock. The stock was purchased at an average price of $5.99 per share, with a total value of $5,758,666.20.

Sprint Corp (NYSE:S) remained flat at $$5.80 during trading hours on Monday. The company’s stock had a trading volume of 16,264,991 shares, compared to its average volume of 18,695,381. 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 firm has a market capitalization of $23,200.00, a price-to-earnings ratio of -38.67 and a beta of 0.79. Sprint Corp has a one year low of $5.42 and a one year high of $9.65.

Sprint (NYSE:S) last posted its quarterly earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business 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 business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the company posted ($0.04) earnings per share. equities research analysts expect that Sprint Corp will post -0.02 earnings per share for the current fiscal year.

Several research analysts recently weighed in on S shares. KeyCorp restated a “hold” rating on shares of Sprint in a research report on Wednesday, October 11th. Zacks Investment Research lowered shares of Sprint from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Macquarie reissued a “hold” rating and issued a $8.00 price target on shares of Sprint in a report on Thursday, October 26th. Deutsche Bank cut their price objective on shares of Sprint from $8.00 to $7.00 and set a “hold” rating on the stock in a research report on Tuesday, October 10th. Finally, Nomura reaffirmed a “neutral” rating and issued a $7.00 price objective (down from $8.00) on shares of Sprint in a research report on Thursday, October 26th. Seven investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. Sprint currently has an average rating of “Hold” and a consensus price target of $6.72.

A number of large investors have recently bought and sold shares of the business. Janus Henderson Group PLC grew its holdings in shares of 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 valued at $58,944,000 after buying an additional 7,070,812 shares during the last quarter. Odey Asset Management Group Ltd grew its holdings in shares of 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 valued at $66,706,000 after buying an additional 4,204,955 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of 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 valued at $9,609,000 after buying an additional 1,138,942 shares during the last quarter. Naya Capital Management UK Ltd. grew its holdings in shares of 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 valued at $19,894,000 after buying an additional 973,100 shares during the last quarter. Finally, Koch Industries Inc. acquired a new position in shares of Sprint during the second quarter valued at about $434,000. Institutional investors and hedge funds own 13.74% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Sprint Corp (S) Major Shareholder Buys $29,316,854.24 in Stock” was originally reported by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.com-unik.info/2018/01/08/sprint-corp-s-major-shareholder-buys-29316854-24-in-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)

What are top analysts saying about Sprint? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Sprint and related companies.

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