Sprint Corp (NYSE:S) VP Paul W. Schieber, Jr. sold 144,041 shares of Sprint stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $5.74, for a total transaction of $826,795.34. Following the completion of the transaction, the vice president now owns 204,168 shares in the company, valued at $1,171,924.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Sprint Corp (NYSE:S) traded up $0.01 during trading on Thursday, hitting $5.69. 19,069,100 shares of the company traded hands, compared to its average volume of 15,214,931. Sprint Corp 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 quick ratio of 1.03 and a current ratio of 1.10.
Sprint (NYSE:S) last released its quarterly earnings data on Wednesday, October 25th. The cell phone carrier reported ($0.01) EPS for the quarter, topping the 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 business had revenue of $7.93 billion for the quarter, compared to analyst estimates of $8.05 billion. During the same period in the previous year, the firm earned ($0.04) EPS. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. analysts forecast that Sprint Corp will post -0.03 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in S. Janus Henderson Group PLC raised its stake in Sprint by 6,509.8% in 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 purchasing an additional 7,070,812 shares during the last quarter. Odey Asset Management Group Ltd raised its stake in Sprint by 107.3% in 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 purchasing an additional 4,204,955 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in Sprint by 1,182.2% in 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 purchasing an additional 1,138,942 shares during the last quarter. Naya Capital Management UK Ltd. raised its stake in Sprint by 67.1% in 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 purchasing an additional 973,100 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in Sprint by 753.3% in the 2nd quarter. SG Americas Securities LLC now owns 845,293 shares of the cell phone carrier’s stock valued at $6,940,000 after purchasing an additional 746,231 shares during the last quarter. Institutional investors and hedge funds own 13.74% of the company’s stock.
Several brokerages have commented on S. 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 restated a “hold” rating and set a $8.00 target price on shares of Sprint in a research report on Thursday, October 26th. Deutsche Bank decreased their target price 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 restated a “neutral” rating and set a $7.00 target price (down from $8.00) on shares of Sprint in a research report on Thursday, October 26th. Eight 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 company currently has a consensus rating of “Hold” and a consensus target price of $7.10.
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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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