BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its stake in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 30.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 117,634 shares of the Wireless communications provider’s stock after selling 50,897 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in T-Mobile Us were worth $8,256,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC purchased a new position in shares of T-Mobile Us in the second quarter valued at about $277,000. Acadian Asset Management LLC purchased a new position in shares of T-Mobile Us in the second quarter valued at about $211,000. Janney Montgomery Scott LLC lifted its position in shares of T-Mobile Us by 38.6% in the second quarter. Janney Montgomery Scott LLC now owns 9,056 shares of the Wireless communications provider’s stock valued at $541,000 after acquiring an additional 2,521 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of T-Mobile Us by 52.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,974 shares of the Wireless communications provider’s stock valued at $775,000 after acquiring an additional 4,467 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of T-Mobile Us by 76.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,900 shares of the Wireless communications provider’s stock valued at $2,504,000 after acquiring an additional 18,100 shares in the last quarter. Institutional investors own 32.87% of the company’s stock.
NASDAQ:TMUS opened at $65.69 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.74 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $56.48 billion, a P/E ratio of 28.69, a PEG ratio of 2.20 and a beta of 0.42. T-Mobile Us Inc has a 12 month low of $55.09 and a 12 month high of $70.94.
T-Mobile Us (NASDAQ:TMUS) last posted its earnings results on Tuesday, October 30th. The Wireless communications provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.08. The company had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.73 billion. T-Mobile Us had a return on equity of 11.44% and a net margin of 11.63%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 earnings per share. On average, equities research analysts anticipate that T-Mobile Us Inc will post 3.33 EPS for the current year.
In other T-Mobile Us news, COO G Michael Sievert sold 10,192 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $69.08, for a total transaction of $704,063.36. Following the sale, the chief operating officer now directly owns 442,046 shares of the company’s stock, valued at $30,536,537.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas Christopher Keys sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $70.23, for a total value of $3,511,500.00. Following the sale, the insider now directly owns 291,883 shares in the company, valued at $20,498,943.09. The disclosure for this sale can be found here. Insiders sold 84,192 shares of company stock worth $5,880,673 over the last quarter. 0.37% of the stock is owned by company insiders.
Several brokerages have recently commented on TMUS. Barclays downgraded T-Mobile Us to a “buy” rating in a research report on Tuesday, September 4th. KeyCorp set a $76.00 price objective on T-Mobile Us and gave the company a “buy” rating in a research report on Thursday, September 13th. Nomura boosted their target price on T-Mobile Us from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 31st. Macquarie reiterated a “buy” rating on shares of T-Mobile Us in a research report on Wednesday, November 21st. Finally, BidaskClub upgraded T-Mobile Us from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $73.92.
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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 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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