The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Vetr downgraded shares of Sprint (NYSE:S) from a strong-buy rating to a buy rating in a research report report published on Thursday, January 4th. The stock was sold at an average price of $5.74, for a total value of $826,795.34.
On Tuesday, January 9th, Group Corp Softbank acquired 5,348,176 shares of Sprint stock. The shares were acquired at an average price of $5.69 per share, for a total transaction of $14,587,908.20.
On Friday, December 28th, Group Corp Softbank acquired 2,102,152 shares of Sprint stock. The shares were purchased at an average cost of $5.68 per share, for a total transaction of $29,316,854.24.
On Wednesday, January 3rd, Group Corp Softbank acquired 4,301,182 shares of Sprint stock. The stock was bought at an average price of $5.94 per share, for a total transaction of $25,206,104.88.
The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -24.88%, and has a solid year to date (YTD) performance of -3.4% which means that the stock is constantly adding to its value from the previous fiscal year end price.
On Friday, December 29th, Group Corp Softbank bought 4,243,452 shares of Sprint stock. The shares were purchased at an average cost of $5.85 per share, for a total transaction of $25,053,210.00.
On Wednesday, December 20th, Group Corp Softbank bought 5,095,549 shares of Sprint stock. Over the last ninety days, insiders have bought 66,259,693 shares of company stock valued at $386,856,614 and have sold 913,236 shares valued at $5,377,413.
On Monday, December 18th, Group Corp Softbank purchased 5,039,477 shares of Sprint stock. The stock was purchased at an average cost of $5.99 per share, with a total value of $6,259,789.60.
Sprint Corporation (NYSE:S) reported its EPS in the last quarter as $-0.21/Share beating the analyst estimate of $-0.33/Share by a difference of $0.12. The shares were bought at an average cost of $5.96 per share, with a total value of $25,635,044.72.
An issue of Sprint Corp (NYSE:S) debt rose 1.3% as a percentage of its face value during trading on Wednesday. Sprint has a twelve month low of $5.42 and a twelve month high of $9.65. The stock has a market cap of $22,760.00, a PE ratio of -37.93 and a beta of 0.79.
Among 26 analysts covering Sprint Nextel Corporation (NYSE:S), 4 have Buy rating, 6 Sell and 16 Hold. The cell phone carrier reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. Sprint Corporation had a negative net margin of 4.49% and a negative return on equity of 7.23%. During the same quarter last year, the business earned ($0.04) earnings per share. sell-side analysts expect that Sprint Corp will post -0.02 EPS for the current fiscal year. Sprint's revenue for the quarter was down 3.9% on a year-over-year basis.
Hedge funds have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Sprint Corporation by 1.9% in the second quarter. Ltd. now owns 1,235,281 shares of the cell phone carrier's stock worth $9,609,000 after purchasing an additional 1,138,942 shares during the last quarter. Finally, Capital Bank & Trust Co grew its stake in shares of Sprint by 10,821.7% during the 3rd quarter. Boston Private Wealth LLC now owns 269,000 shares of the cell phone carrier's stock valued at $1,219,000 after buying an additional 16,000 shares during the last quarter. Commerce Bank bought a new position in shares of Sprint during the 3rd quarter worth $100,000. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Sprint Corporation by 3.8% in the second quarter. Advisors Asset Management Inc. now owns 14,809 shares of the cell phone carrier's stock worth $122,000 after purchasing an additional 318 shares during the period. Finally, FMR LLC boosted its stake in 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 buying an additional 115,192 shares during the period.
Several brokerages have weighed in on S. BTIG Research maintained the stock with "Sell" rating in Wednesday, October 18 report. Macquarie restated an outperform rating and set a $8.00 price target (up previously from $7.00) on shares of Sprint Corporation in a research report on Thursday, October 13th. TheStreet lowered shares of Sprint from a "c-" rating to a "d+" rating in a research report on Tuesday, December 19th. Deutsche Bank dropped their target price on Sprint to $5.50 and set a "hold" rating on the stock in a research report on Monday, December 11th. Moffett Nathanson reiterated a "sell" rating on shares of Sprint in a report on Thursday, October 12th. KeyCorp set a $5.00 target price on Sprint and gave the stock an "underweight" rating in a research note on Tuesday, January 2nd.
TRADEMARK VIOLATION NOTICE: This report was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another publication, it was stolen and republished in violation of United States and global copyright & trademark legislation. Sprint Corporation (NYSE:S) has a 20-Day average volume of 17.82 Million. The Company, along with its subsidiaries, is a communications company offering a range of wireless and wireline communications products and services that are created to meet the needs of consumers, businesses, government subscribers and resellers. The firm operates in two divisions, Wireless and Wireline.