An issue of Sprint Corp (NYSE:S) debt fell 2.5% as a percentage of its face value during trading on Tuesday. The high-yield issue of debt has a 7.875% coupon and is set to mature on September 15, 2023. The debt is now trading at $103.75 and was trading at $104.75 last week. Price changes in a company’s debt in credit markets often anticipate parallel changes in its share price.

Several research analysts recently issued reports on S shares. Macquarie lowered shares of Sprint from a “neutral” rating to an “underperform” rating and set a $5.00 price target for the company. in a research report on Tuesday, January 23rd. UBS Group reaffirmed a “buy” rating and set a $7.50 price objective (down previously from $9.00) on shares of Sprint in a report on Monday, November 6th. KeyCorp lowered shares of Sprint from a “sector weight” rating to an “underweight” rating and set a $5.50 price objective for the company. in a report on Monday, November 6th. Deutsche Bank dropped their price objective on shares of Sprint to $5.50 and set a “hold” rating for the company in a report on Monday, December 11th. Finally, Vetr lowered shares of Sprint from a “strong-buy” rating to a “buy” rating and set a $5.90 price objective for the company. in a report on Thursday, January 4th. Nine investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. Sprint has an average rating of “Hold” and a consensus price target of $6.11.

Shares of Sprint Corp (NYSE S) traded down $0.01 during trading on Tuesday, hitting $5.26. 9,293,460 shares of the company were exchanged, compared to its average volume of 19,260,000. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $21,060.00, a price-to-earnings ratio of 3.04 and a beta of 0.64. Sprint Corp has a fifty-two week low of $4.91 and a fifty-two week high of $9.44.

Sprint (NYSE:S) last issued its quarterly earnings results on Friday, February 2nd. The cell phone carrier reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $8.24 billion during the quarter, compared to analyst estimates of $8.19 billion. Sprint had a net margin of 21.41% and a negative return on equity of 0.94%. Sprint’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.46) earnings per share. equities analysts anticipate that Sprint Corp will post 1.76 earnings per share for the current fiscal year.

In other Sprint news, insider Dow Draper sold 292,707 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $5.71, for a total value of $1,671,356.97. Following the transaction, the insider now directly owns 1,165,158 shares of the company’s stock, valued at $6,653,052.18. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Group Corp Softbank acquired 6,239,538 shares of Sprint stock in a transaction on Thursday, January 11th. The stock was 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. In the last three months, insiders purchased 58,397,765 shares of company stock valued at $336,943,820 and sold 549,707 shares valued at $3,196,239. Company insiders own 0.18% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new position in Sprint in the fourth quarter valued at approximately $26,207,000. Amundi Pioneer Asset Management Inc. bought a new position in Sprint in the fourth quarter valued at approximately $9,311,000. Delpha Capital Management LLC bought a new position in Sprint in the fourth quarter valued at approximately $131,000. Landscape Capital Management L.L.C. bought a new position in Sprint in the fourth quarter valued at approximately $635,000. Finally, Geode Capital Management LLC boosted its stake in Sprint by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 4,706,246 shares of the cell phone carrier’s stock valued at $27,698,000 after acquiring an additional 69,950 shares during the last quarter. 13.77% of the stock is currently owned by hedge funds and other institutional investors.

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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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