Short Interest in T-Mobile US, Inc. (TMUS) Drops By 12.7%
T-Mobile US, Inc. (NASDAQ:TMUS) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 20,694,167 shares, a drop of 12.7% from the August 15th total of 23,693,762 shares. Currently, 7.1% of the company’s stock are short sold. Based on an average daily volume of 1,945,432 shares, the days-to-cover ratio is presently 10.6 days.
TMUS has been the subject of several research reports. Zacks Investment Research cut shares of T-Mobile US from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Royal Bank Of Canada restated a “buy” rating and set a $76.00 price target on shares of T-Mobile US in a report on Friday, June 2nd. Jefferies Group LLC restated a “buy” rating and set a $80.00 price target on shares of T-Mobile US in a report on Saturday, July 22nd. Cowen and Company restated a “buy” rating and set a $70.00 price target on shares of T-Mobile US in a report on Friday, August 25th. Finally, BidaskClub cut shares of T-Mobile US from a “buy” rating to a “hold” rating in a research note on Tuesday. Twelve equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $70.06.
Institutional investors have recently made changes to their positions in the business. OZ Management LP lifted its holdings in T-Mobile US by 35.7% during the 2nd quarter. OZ Management LP now owns 1,733,472 shares of the Wireless communications provider’s stock valued at $105,083,000 after purchasing an additional 455,847 shares during the last quarter. Arizona State Retirement System acquired a new stake in T-Mobile US during the 2nd quarter valued at $1,390,000. Oppenheimer & Co. Inc. lifted its holdings in T-Mobile US by 6.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 28,740 shares of the Wireless communications provider’s stock valued at $1,742,000 after purchasing an additional 1,789 shares during the last quarter. APG Asset Management N.V. lifted its holdings in T-Mobile US by 11.8% during the 2nd quarter. APG Asset Management N.V. now owns 3,555,136 shares of the Wireless communications provider’s stock valued at $215,512,000 after purchasing an additional 376,200 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in T-Mobile US by 2,770.0% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 143,500 shares of the Wireless communications provider’s stock valued at $9,279,000 after purchasing an additional 138,500 shares during the last quarter. 34.72% of the stock is owned by institutional investors and hedge funds.
T-Mobile US (NASDAQ TMUS) opened at 61.19 on Friday. The company’s 50-day moving average is $63.39 and its 200-day moving average is $63.83. T-Mobile US has a 12 month low of $44.49 and a 12 month high of $68.88. The company has a market cap of $50.85 billion, a price-to-earnings ratio of 25.93 and a beta of 0.47.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.38 by $0.29. The company had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $9.82 billion. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. On average, equities research analysts anticipate that T-Mobile US will post $2.29 earnings per share for the current year.
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About T-Mobile US
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.
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