Group Corp Softbank Acquires 5,348,176 Shares of Sprint Corp (S) Stock

Sprint Corp (NYSE:S) major shareholder Group Corp Softbank bought 5,348,176 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were purchased at an average cost of $5.82 per share, with a total value of $31,126,384.32. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Friday, January 5th, Group Corp Softbank bought 5,161,418 shares of Sprint stock. The shares were purchased at an average cost of $5.68 per share, with a total value of $29,316,854.24.
  • On Wednesday, January 3rd, Group Corp Softbank bought 4,301,182 shares of Sprint stock. The shares were purchased at an average cost of $5.96 per share, with a total value of $25,635,044.72.
  • On Friday, December 28th, Group Corp Softbank bought 2,102,152 shares of Sprint stock. The shares were purchased at an average cost of $5.92 per share, with a total value of $12,444,739.84.
  • On Friday, December 29th, Group Corp Softbank acquired 4,243,452 shares of Sprint stock. The shares were bought at an average cost of $5.94 per share, with a total value of $25,206,104.88.
  • On Wednesday, December 27th, Group Corp Softbank acquired 4,282,600 shares of Sprint stock. The shares were bought at an average cost of $5.85 per share, with a total value of $25,053,210.00.
  • On Friday, December 22nd, Group Corp Softbank acquired 2,563,780 shares of Sprint stock. The shares were bought at an average cost of $5.69 per share, with a total value of $14,587,908.20.
  • On Wednesday, December 20th, Group Corp Softbank acquired 5,095,549 shares of Sprint stock. The shares were bought at an average cost of $5.64 per share, with a total value of $28,738,896.36.
  • On Monday, December 18th, Group Corp Softbank acquired 5,039,477 shares of Sprint stock. The shares were bought at an average cost of $5.60 per share, with a total value of $28,221,071.20.
  • On Thursday, December 14th, Group Corp Softbank acquired 3,231,117 shares of Sprint stock. The shares were bought at an average cost of $5.68 per share, with a total value of $18,352,744.56.
  • On Monday, December 4th, Group Corp Softbank acquired 1,045,040 shares of Sprint stock. The shares were bought at an average cost of $5.99 per share, with a total value of $6,259,789.60.

Sprint Corp (S) opened at $5.62 on Thursday. Sprint Corp has a twelve month low of $5.42 and a twelve month high of $9.65. 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 stock has a market capitalization of $22,480.00, a price-to-earnings ratio of -37.47 and a beta of 0.79.

Sprint (NYSE:S) last issued its earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Sprint had a negative return on equity of 3.19% and a negative net margin of 1.82%. The company had revenue of $7.93 billion for the quarter, compared to analysts’ expectations of $8.05 billion. During the same period last year, the business earned ($0.04) EPS. Sprint’s quarterly revenue was down 3.9% compared to the same quarter last year. analysts predict that Sprint Corp will post -0.02 earnings per share for the current year.

A number of large investors have recently modified their holdings of S. Janus Henderson Group PLC lifted its stake in Sprint by 6,509.8% during the 2nd quarter. Janus Henderson Group PLC now owns 7,179,430 shares of the cell phone carrier’s stock valued at $58,944,000 after acquiring an additional 7,070,812 shares in the last quarter. Odey Asset Management Group Ltd lifted its stake in Sprint by 107.3% during the 2nd 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 acquiring an additional 4,204,955 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Sprint by 1,182.2% during the 3rd 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 acquiring an additional 1,138,942 shares in the last quarter. Naya Capital Management UK Ltd. lifted its stake in Sprint by 67.1% during the 2nd 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 acquiring an additional 973,100 shares in the last quarter. Finally, Koch Industries Inc. bought a new position in Sprint during the 2nd quarter valued at $434,000. Institutional investors and hedge funds own 13.74% of the company’s stock.

Several analysts have recently commented on S shares. Oppenheimer reaffirmed a “hold” rating on shares of Sprint in a research report on Wednesday, September 20th. Zacks Investment Research raised shares of Sprint from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Tuesday, October 3rd. Deutsche Bank reduced their price objective on shares of Sprint from $8.00 to $7.00 and set a “hold” rating for the company in a research report on Tuesday, October 10th. KeyCorp reaffirmed a “hold” rating on shares of Sprint in a research report on Wednesday, October 11th. Finally, ValuEngine cut Sprint from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $6.72.

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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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