Group Corp Softbank Purchases 2,102,152 Shares of Sprint Corp (S) Stock

Sprint Corp (NYSE:S) major shareholder Group Corp Softbank bought 2,102,152 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The shares were acquired at an average price of $5.92 per share, with a total value of $12,444,739.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 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, December 29th, Group Corp Softbank bought 4,243,452 shares of Sprint stock. The shares were acquired at an average price of $5.94 per share, with a total value 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 price of $5.85 per share, with a total value of $25,053,210.00.
  • On Friday, December 22nd, Group Corp Softbank bought 2,563,780 shares of Sprint stock. The shares were acquired at an average price of $5.69 per share, with a total value of $14,587,908.20.
  • On Wednesday, December 20th, Group Corp Softbank bought 5,095,549 shares of Sprint stock. The shares were acquired at an average price of $5.64 per share, with a total value of $28,738,896.36.
  • On Monday, December 18th, Group Corp Softbank bought 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.
  • On Thursday, December 14th, Group Corp Softbank bought 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 bought 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 shares were acquired at an average price of $5.99 per share, with a total value of $5,758,666.20.
  • On Wednesday, November 15th, Group Corp Softbank bought 2,633,814 shares of Sprint stock. The shares were acquired at an average price of $5.98 per share, with a total value of $15,750,207.72.
  • On Monday, November 13th, Group Corp Softbank bought 3,203,661 shares of Sprint stock. The shares were acquired at an average price of $6.12 per share, with a total value of $19,606,405.32.

Shares of Sprint Corp (S) traded up $0.04 during trading hours on Tuesday, hitting $5.93. 12,795,844 shares of the company were exchanged, compared to its average volume of 11,544,021. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 1.80. Sprint Corp has a 12-month low of $5.42 and a 12-month high of $9.65. The company has a market capitalization of $23,562.04, a price-to-earnings ratio of -39.53 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 for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.01. Sprint had a negative net margin of 1.82% and a negative return on equity of 3.19%. The firm had revenue of $7.93 billion during the quarter, compared to analyst estimates of $8.05 billion. During the same quarter in the prior year, the business earned ($0.04) earnings per share. Sprint’s revenue for the quarter was down 3.9% on a year-over-year basis. equities research analysts anticipate that Sprint Corp will post -0.02 EPS for the current year.

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its position in shares of Sprint by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 3,595,501 shares of the cell phone carrier’s stock worth $27,973,000 after acquiring an additional 54,865 shares during the last quarter. State of Wisconsin Investment Board boosted its position in shares of Sprint by 3.9% during the third quarter. State of Wisconsin Investment Board now owns 954,107 shares of the cell phone carrier’s stock worth $7,423,000 after acquiring an additional 35,910 shares during the last quarter. Overbrook Management Corp bought a new position in shares of Sprint during the second quarter worth $3,564,000. Swiss National Bank boosted its position in shares of Sprint by 3.0% during the second quarter. Swiss National Bank now owns 2,905,351 shares of the cell phone carrier’s stock worth $23,853,000 after acquiring an additional 83,900 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Sprint by 3.1% during the second quarter. FMR LLC now owns 3,835,837 shares of the cell phone carrier’s stock worth $31,492,000 after acquiring an additional 115,192 shares during the last quarter. Hedge funds and other institutional investors own 13.74% of the company’s stock.

Several analysts recently issued reports on the stock. 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 research report on Wednesday, October 4th. Macquarie reiterated a “hold” rating and issued a $8.00 price target on shares of Sprint in a research report on Thursday, October 26th. Deutsche Bank dropped their price target 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. Finally, Nomura reiterated a “neutral” rating and issued a $7.00 price target (down from $8.00) on shares of Sprint in a research report on Thursday, October 26th. Seven research 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. The stock presently has an average rating of “Hold” and an average price target of $6.80.

ILLEGAL ACTIVITY WARNING: This piece was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.chaffeybreeze.com/2018/01/02/group-corp-softbank-purchases-2102152-shares-of-sprint-corp-s-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.

Latest News

Leave a Reply