First Quadrant L P CA reduced its stake in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 70.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,867 shares of the Wireless communications provider’s stock after selling 6,852 shares during the quarter. First Quadrant L P CA’s holdings in T-Mobile Us were worth $299,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Barnett & Company Inc. acquired a new stake in shares of T-Mobile Us during the first quarter worth approximately $25,000. Reilly Financial Advisors LLC lifted its stake in T-Mobile Us by 198.1% in the second quarter. Reilly Financial Advisors LLC now owns 307 shares of the Wireless communications provider’s stock valued at $32,000 after acquiring an additional 204 shares during the last quarter. James Investment Research Inc. acquired a new stake in T-Mobile Us in the second quarter valued at approximately $34,000. WASHINGTON TRUST Co acquired a new stake in T-Mobile Us in the first quarter valued at approximately $34,000. Finally, Truvestments Capital LLC acquired a new stake in T-Mobile Us in the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 23.58% of the company’s stock.
A number of analysts have issued reports on the stock. Citigroup lifted their target price on shares of T-Mobile Us from $103.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Deutsche Bank assumed coverage on shares of T-Mobile Us in a research note on Wednesday. They issued a “buy” rating and a $140.00 target price for the company. KeyCorp lifted their target price on shares of T-Mobile Us from $104.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Argus lifted their target price on shares of T-Mobile Us from $105.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Finally, Wells Fargo & Co lifted their price target on shares of T-Mobile Us from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. T-Mobile Us presently has an average rating of “Buy” and a consensus target price of $110.68.
Shares of TMUS stock opened at $107.38 on Friday. T-Mobile Us Inc has a 1 year low of $63.50 and a 1 year high of $111.58. The company has a current ratio of 0.64, a quick ratio of 0.56 and a debt-to-equity ratio of 1.27. The firm’s fifty day simple moving average is $105.47 and its 200 day simple moving average is $93.10. The firm has a market capitalization of $149.41 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 3.82 and a beta of 0.30.
T-Mobile Us (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, May 6th. The Wireless communications provider reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.07. T-Mobile Us had a net margin of 7.80% and a return on equity of 13.96%. The firm had revenue of $11.11 billion for the quarter, compared to the consensus estimate of $11.42 billion. During the same quarter in the previous year, the company earned $1.06 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. Equities research analysts anticipate that T-Mobile Us Inc will post 1.46 EPS for the current fiscal year.
In related news, insider Ronald D. Fisher purchased 350,000 shares of the stock in a transaction dated Friday, June 26th. The stock was bought at an average cost of $103.00 per share, with a total value of $36,050,000.00. Following the purchase, the insider now directly owns 221,672 shares in the company, valued at approximately $22,832,216. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter A. Ewens sold 200,000 shares of the stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $106.49, for a total value of $21,298,000.00. Following the sale, the executive vice president now directly owns 70,077 shares of the company’s stock, valued at $7,462,499.73. The disclosure for this sale can be found here. 0.47% of the stock is owned by corporate insiders.
T-Mobile Us 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.
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