Robeco Institutional Asset Management B.V. raised its stake in T-Mobile Us Inc (NASDAQ:TMUS) by 12.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 98,545 shares of the Wireless communications provider’s stock after buying an additional 10,645 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in T-Mobile Us were worth $6,808,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its holdings in shares of T-Mobile Us by 7.1% during the third quarter. AQR Capital Management LLC now owns 37,586 shares of the Wireless communications provider’s stock worth $2,638,000 after purchasing an additional 2,479 shares during the last quarter. Legal & General Group Plc boosted its position in T-Mobile Us by 5.4% during the third quarter. Legal & General Group Plc now owns 1,630,174 shares of the Wireless communications provider’s stock worth $114,406,000 after acquiring an additional 84,245 shares during the last quarter. Vanguard Group Inc boosted its position in T-Mobile Us by 0.8% during the third quarter. Vanguard Group Inc now owns 16,471,906 shares of the Wireless communications provider’s stock worth $1,156,000,000 after acquiring an additional 132,709 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in T-Mobile Us during the fourth quarter worth about $222,000. Finally, BKD Wealth Advisors LLC boosted its position in T-Mobile Us by 5.9% during the fourth quarter. BKD Wealth Advisors LLC now owns 6,993 shares of the Wireless communications provider’s stock worth $445,000 after acquiring an additional 389 shares during the last quarter. Hedge funds and other institutional investors own 33.72% of the company’s stock.
NASDAQ TMUS opened at $73.60 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 1.04. T-Mobile Us Inc has a 52 week low of $55.23 and a 52 week high of $75.32. The company has a market cap of $62.72 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.18 and a beta of 0.44.
T-Mobile Us (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $1.06 EPS for the quarter, topping the consensus estimate of $0.92 by $0.14. T-Mobile Us had a net margin of 7.11% and a return on equity of 13.05%. The company had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11 billion. During the same quarter in the previous year, the business posted $0.78 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. As a group, research analysts expect that T-Mobile Us Inc will post 4.12 EPS for the current fiscal year.
In other T-Mobile Us news, COO G Michael Sievert sold 4,766 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $73.58, for a total transaction of $350,682.28. Following the completion of the transaction, the chief operating officer now owns 543,391 shares in the company, valued at approximately $39,982,709.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas Christopher Keys sold 43,000 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $70.71, for a total transaction of $3,040,530.00. Following the transaction, the insider now owns 248,883 shares of the company’s stock, valued at approximately $17,598,516.93. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.
TMUS has been the topic of a number of recent research reports. BidaskClub upgraded shares of T-Mobile Us from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Argus restated a “buy” rating on shares of T-Mobile Us in a research report on Tuesday, February 19th. Royal Bank of Canada restated a “buy” rating and set a $76.00 price target on shares of T-Mobile Us in a research report on Thursday, February 7th. BTIG Research lifted their target price on shares of T-Mobile Us to $91.00 and gave the stock a “buy” rating in a research note on Friday, January 18th. Finally, Zacks Investment Research raised shares of T-Mobile Us from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. T-Mobile Us currently has an average rating of “Buy” and an average price target of $80.15.
TRADEMARK VIOLATION NOTICE: “Robeco Institutional Asset Management B.V. Has $6.81 Million Holdings in T-Mobile Us Inc (TMUS)” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2019/05/16/robeco-institutional-asset-management-b-v-has-6-81-million-holdings-in-t-mobile-us-inc-tmus.html.
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 79.7 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.
See Also: What is net income?
Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile Us Inc (NASDAQ:TMUS).
Receive News & Ratings for T-Mobile Us Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile Us and related companies with MarketBeat.com's FREE daily email newsletter.