GAM Holding AG Invests $1.17 Million in T-Mobile Us Inc (TMUS)

GAM Holding AG purchased a new stake in shares of T-Mobile Us Inc (NASDAQ:TMUS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 16,628 shares of the Wireless communications provider’s stock, valued at approximately $1,167,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zions Bancorporation bought a new stake in shares of T-Mobile Us during the third quarter valued at approximately $102,000. NEXT Financial Group Inc bought a new stake in shares of T-Mobile Us during the third quarter valued at approximately $105,000. Stratos Wealth Partners LTD. bought a new stake in shares of T-Mobile Us during the third quarter valued at approximately $111,000. Arrow Financial Corp bought a new stake in shares of T-Mobile Us during the third quarter valued at approximately $175,000. Finally, Jaffetilchin Investment Partners LLC bought a new stake in shares of T-Mobile Us during the third quarter valued at approximately $203,000. 32.87% of the stock is currently owned by institutional investors.

Shares of NASDAQ:TMUS opened at $65.69 on Friday. T-Mobile Us Inc has a 12 month low of $55.09 and a 12 month high of $70.94. The company has a market cap of $56.48 billion, a P/E ratio of 28.69, a PEG ratio of 2.20 and a beta of 0.42. The company has a current ratio of 0.85, a quick ratio of 0.74 and a debt-to-equity ratio of 1.20.

T-Mobile Us (NASDAQ:TMUS) last posted its quarterly earnings results on Tuesday, October 30th. The Wireless communications provider reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.08. The firm had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.73 billion. T-Mobile Us had a net margin of 11.63% and a return on equity of 11.44%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 earnings per share. As a group, analysts anticipate that T-Mobile Us Inc will post 3.33 earnings per share for the current fiscal year.

Several brokerages recently commented on TMUS. Guggenheim boosted their target price on T-Mobile Us from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, September 27th. Zacks Investment Research raised T-Mobile Us from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Monday, October 8th. Barclays cut T-Mobile Us to a “buy” rating in a report on Tuesday, September 4th. KeyCorp set a $76.00 target price on T-Mobile Us and gave the stock a “buy” rating in a report on Thursday, September 13th. Finally, BidaskClub cut T-Mobile Us from a “buy” rating to a “hold” rating in a report on Friday, October 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. T-Mobile Us has an average rating of “Buy” and an average price target of $73.92.

In other T-Mobile Us news, EVP David R. Carey sold 2,000 shares of T-Mobile Us stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $70.01, for a total value of $140,020.00. Following the transaction, the executive vice president now owns 202,851 shares in the company, valued at $14,201,598.51. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO J Braxton Carter II sold 15,000 shares of T-Mobile Us stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $68.93, for a total transaction of $1,033,950.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 84,192 shares of company stock worth $5,880,673. 0.37% of the stock is currently owned by company insiders.

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T-Mobile Us Company Profile

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.

Read More: Leveraged Buyout (LBO)

Institutional Ownership by Quarter for T-Mobile Us (NASDAQ:TMUS)

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