Sprint Target of Unusually Large Options Trading (S)

Sprint Corp (NYSE:S) was the recipient of unusually large options trading on Wednesday. Stock traders bought 66,170 put options on the company. This is an increase of 1,319% compared to the typical daily volume of 4,663 put options.

Sprint (S) opened at $5.69 on Friday. Sprint has a 1-year low of $5.42 and a 1-year 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 firm has a market capitalization of $22,760.00, a PE ratio of -37.93 and a beta of 0.79.

Sprint (NYSE:S) last posted its earnings results on Wednesday, October 25th. The cell phone carrier reported ($0.01) earnings per share for the quarter, beating 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 the consensus estimate of $8.05 billion. During the same quarter in the prior year, the company earned ($0.04) earnings per share. Sprint’s revenue was down 3.9% on a year-over-year basis. equities research analysts forecast that Sprint will post -0.02 EPS for the current year.

Several research firms recently commented on S. Moffett Nathanson reaffirmed a “sell” rating on shares of Sprint in a research report on Thursday, October 12th. Nomura reaffirmed a “neutral” rating and set a $7.00 price objective (down from $8.00) on shares of Sprint in a research report on Thursday, October 26th. ValuEngine cut Sprint from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Oppenheimer reaffirmed a “hold” rating on shares of Sprint in a research report on Wednesday, September 20th. Finally, Macquarie reaffirmed a “hold” rating and set a $6.50 price objective on shares of Sprint in a research report on Tuesday, November 7th. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $6.72.

In other news, VP Paul W. Schieber, Jr. sold 144,041 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $5.74, for a total value of $826,795.34. Following the sale, the vice president now directly owns 204,168 shares of the company’s stock, valued at $1,171,924.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Group Corp Softbank acquired 6,239,538 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The shares were acquired at an average cost of $5.70 per share, for a total transaction of $35,565,366.60. The disclosure for this purchase can be found here. Over the last three months, insiders bought 66,259,693 shares of company stock worth $386,856,614 and sold 913,236 shares worth $5,377,413. Corporate insiders own 0.18% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Financial Counselors Inc. lifted its holdings in Sprint by 1.7% in the second quarter. Financial Counselors Inc. now owns 12,173 shares of the cell phone carrier’s stock valued at $100,000 after acquiring an additional 201 shares during the period. Commerce Bank bought a new position in shares of Sprint in the third quarter worth about $100,000. Crossmark Global Holdings Inc. bought a new position in shares of Sprint in the third quarter worth about $141,000. Americafirst Capital Management LLC bought a new position in shares of Sprint in the third quarter worth about $156,000. Finally, Capital Bank & Trust Co raised its stake in shares of Sprint by 10,821.7% in the third quarter. Capital Bank & Trust Co now owns 21,625 shares of the cell phone carrier’s stock worth $168,000 after buying an additional 21,427 shares during the period. 13.74% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This report was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this report on another site, it was illegally copied and republished in violation of international copyright and trademark legislation. The correct version of this report can be read at https://www.com-unik.info/2018/01/13/sprint-target-of-unusually-large-options-trading-s.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.

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