AMP Capital Investors Ltd lessened its position in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 20.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 130,663 shares of the Wireless communications provider’s stock after selling 33,522 shares during the quarter. AMP Capital Investors Ltd’s holdings in T-Mobile Us were worth $7,809,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of TMUS. CSat Investment Advisory L.P. acquired a new position in shares of T-Mobile Us in the 2nd quarter valued at about $798,000. OppenheimerFunds Inc. lifted its holdings in shares of T-Mobile Us by 18.3% in the 2nd quarter. OppenheimerFunds Inc. now owns 751,695 shares of the Wireless communications provider’s stock valued at $44,914,000 after buying an additional 116,496 shares during the period. CQS Cayman LP acquired a new position in shares of T-Mobile Us in the 2nd quarter valued at about $1,524,000. BlueMountain Capital Management LLC lifted its holdings in shares of T-Mobile Us by 25.4% in the 2nd quarter. BlueMountain Capital Management LLC now owns 142,794 shares of the Wireless communications provider’s stock valued at $8,532,000 after buying an additional 28,939 shares during the period. Finally, Field & Main Bank lifted its holdings in shares of T-Mobile Us by 6.4% in the 2nd quarter. Field & Main Bank now owns 14,865 shares of the Wireless communications provider’s stock valued at $892,000 after buying an additional 900 shares during the period. Institutional investors and hedge funds own 33.01% of the company’s stock.
In other T-Mobile Us news, COO G Michael Sievert sold 10,622 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $65.79, for a total transaction of $698,821.38. Following the completion of the sale, the chief operating officer now directly owns 452,478 shares in the company, valued at approximately $29,768,527.62. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Thomas Christopher Keys sold 65,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $65.63, for a total value of $4,265,950.00. Following the sale, the insider now owns 381,883 shares of the company’s stock, valued at $25,062,981.29. The disclosure for this sale can be found here. Insiders sold a total of 95,660 shares of company stock valued at $6,186,665 in the last ninety days. 0.37% of the stock is currently owned by insiders.
NASDAQ TMUS opened at $68.48 on Friday. The stock has a market capitalization of $55.84 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 1.27 and a beta of 0.44. T-Mobile Us Inc has a twelve month low of $54.60 and a twelve month high of $68.71. The company has a quick ratio of 0.66, a current ratio of 0.76 and a debt-to-equity ratio of 1.25.
T-Mobile Us (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, August 1st. The Wireless communications provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. The company had revenue of $10.57 billion during the quarter, compared to analysts’ expectations of $10.65 billion. T-Mobile Us had a return on equity of 10.87% and a net margin of 11.27%. T-Mobile Us’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. equities research analysts expect that T-Mobile Us Inc will post 3.18 EPS for the current year.
Several brokerages have recently issued reports on TMUS. Barclays began coverage on T-Mobile Us in a report on Wednesday, June 27th. They issued an “overweight” rating and a $74.00 price objective for the company. BidaskClub raised T-Mobile Us from a “sell” rating to a “hold” rating in a report on Thursday. Nomura reissued a “neutral” rating and issued a $68.00 price objective on shares of T-Mobile Us in a report on Thursday, August 2nd. Wells Fargo & Co raised T-Mobile Us from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 27th. Finally, Societe Generale reissued a “buy” rating and issued a $71.00 price objective on shares of T-Mobile Us in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $71.46.
About T-Mobile Us
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 72.6 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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