Sprint Corporation (NYSE:S) has made a 49.07% comeback from a 12-month low price of $5.36. It was seen 7.39% higher, changing the price to $7.99, when the closing bell rang on 7/26/2019. At a recent session, the prices were hovering between $7.59 and $8.06. This company shares are -21.53% up from its target price of $6.27 and the current market capitalization stands at $30.35B. The recent change has given its price a 15.26% lead over SMA 50 and 1.14% lead over its 52-week high. The stock witnessed 21.8% gains, 44.22% gains and 29.29% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found S’s volatility during a week at 5.07% and during a month it has been found around 3.89%.
What Does Sprint Corporation (S) Do?
The company describes itself in regulatory filings as, “Sprint Corp. is a holding company which engages in the provision of telecommunications services. The company operates through the Wireless and Wireline segments. The Wireless segment offers a variety of wireless voice and data transmission services, devices and accessories, and equipment rentals from devices leased to customers. The Wireline segment delivers wireline voice and data communications services to domestic and international companies, businesses, and consumers. The company was founded on October 5, 2012 and is headquartered in Overland Park, KS.” [Text can be found here: https://www.marketwatch.com/investing/stock/S/profile under company description.]Sprint Corporation (S) Top Holders
Institutional investors currently hold around $4.31 billion or 13.7% in S stock. Look at its top three institutional owners: Dodge & Cox owns $829.95 million in Sprint Corporation, which represents roughly 2.73% of the company’s market cap and approximately 19.27% of the institutional ownership. Similar statistics are true for the second largest owner, Renaissance Technologies Llc, which owns 48,569,462 shares of the stock are valued at $388.07 million. The third largest holder is Blackrock Inc., which currently holds $291.8 million worth of this stock and that ownership represents nearly 0.96% of its market capitalization.Sprint Corporation 13F Filings
At the end of March reporting period, 186 institutional holders increased their position in Sprint Corporation (NYSE:S) by some 65,450,285 shares, 147 decreased positions by 80,780,542 and 82 held positions by 392,955,265. That puts total institutional holdings at 539,186,092 shares, according to SEC filings. The stock grabbed 53 new institutional investments totaling 8,581,245 shares while 42 institutional investors sold out their entire positions totaling 18,001,446 shares.Sprint Corporation (NYSE:S) Insider Trades
Multiple company employees have indulged in significant insider trading. Sprint Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chief Technology Officer SAW JOHN has sold 7,419 shares of Sprint Corporation (S) in the trading session dated May. 28, 2019. These shares are worth $52,304 and were traded at $7.05 each. The SEC filing shows that SAW JOHN performed a sale of 22,866 shares. The Chief Technology Officer disposed these shares by way of transaction on May. 24, 2019. The company’s shares were given away at $6.95 per share worth to an income of some $158,919 to the account of SAW JOHN.
Chief Technology Officer, SAW JOHN, sold 22,866 common shares of Sprint Corporation (S) in the open market. In a transaction dated May. 24, 2019, the shares were put up for sale at an average price of $6.95, raking in a sum of $158,919. After this sale, 1,139,517 common shares of S are directly owned by the insider, with total stake valued at $9,104,741.
In the transaction dated May. 14, 2019, a great number of shares sold came courtesy the Chief Technology Officer; SAW JOHN disposed a total of 215,690 shares at an average price of $5.94, amounting to approximately $1,281,199. The insider now directly owns 936,850 shares worth $7,485,432.Sprint Corporation (S) Analyst Guide
Several analysts have released their opinion on Sprint Corporation (NYSE:S), with 0 analysts believing it is a strong buy. Whereas 13 of them predict the stock is a hold. Also, there are 1 buy, 3 sell and 0 strong sell ratings, collectively assigning a 3.12 average brokerage recommendation [T1].