Sprint Corp (NYSE:S) CTO John Saw sold 189,531 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $6.83, for a total value of $1,294,496.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NYSE:S traded up $0.01 during midday trading on Friday, hitting $6.93. 976,497 shares of the company’s stock traded hands, compared to its average volume of 7,982,552. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.87 and a current ratio of 0.94. Sprint Corp has a twelve month low of $5.44 and a twelve month high of $8.06. The firm’s fifty day moving average price is $6.96 and its two-hundred day moving average price is $6.55. The company has a market cap of $28.32 billion, a PE ratio of 692.50 and a beta of 0.23.
Sprint (NYSE:S) last released its quarterly earnings results on Friday, August 2nd. The cell phone carrier reported ($0.03) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.03). The business had revenue of $8.14 billion for the quarter, compared to analyst estimates of $8.02 billion. Sprint had a negative net margin of 6.63% and a negative return on equity of 0.84%. During the same quarter in the previous year, the business earned $0.04 earnings per share. As a group, equities research analysts anticipate that Sprint Corp will post -0.07 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Atwood & Palmer Inc. boosted its stake in Sprint by 64.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 4,260 shares of the cell phone carrier’s stock worth $28,000 after acquiring an additional 1,674 shares during the last quarter. Rational Advisors LLC raised its holdings in shares of Sprint by 7,285.3% in the second quarter. Rational Advisors LLC now owns 5,022 shares of the cell phone carrier’s stock valued at $33,000 after purchasing an additional 4,954 shares during the last quarter. CSat Investment Advisory L.P. acquired a new stake in shares of Sprint in the second quarter valued at approximately $34,000. Strategic Advisors LLC acquired a new stake in shares of Sprint in the second quarter valued at approximately $65,000. Finally, Hanson McClain Inc. raised its holdings in shares of Sprint by 1,041.5% in the first quarter. Hanson McClain Inc. now owns 11,712 shares of the cell phone carrier’s stock valued at $66,000 after purchasing an additional 10,686 shares during the last quarter. 14.12% of the stock is currently owned by institutional investors.
A number of research analysts have commented on the company. ValuEngine upgraded Sprint from a “hold” rating to a “buy” rating in a research note on Monday, May 20th. UBS Group raised Sprint from a “neutral” rating to a “buy” rating and increased their target price for the company from $6.50 to $10.00 in a report on Monday, July 29th. Finally, New Street Research lowered Sprint from a “buy” rating to a “neutral” rating in a report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Sprint has an average rating of “Hold” and an average price target of $6.51.
Sprint Corporation, together with its subsidiaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the United States Virgin Islands. It operates in two segments, Wireless and Wireline.
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