Mid Atlantic Financial Management Inc. ADV decreased its stake in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 46.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,801 shares of the Wireless communications provider’s stock after selling 2,391 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in T-Mobile Us were worth $292,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Seven Eight Capital LP purchased a new position in shares of T-Mobile Us during the second quarter worth about $1,023,000. Keebeck Wealth Management LLC bought a new position in T-Mobile Us during the 2nd quarter valued at approximately $56,000. Berman Capital Advisors LLC lifted its holdings in T-Mobile Us by 34.8% in the 2nd quarter. Berman Capital Advisors LLC now owns 627 shares of the Wireless communications provider’s stock worth $64,000 after buying an additional 162 shares during the period. Reaves W H & Co. Inc. bought a new stake in shares of T-Mobile Us in the 2nd quarter worth approximately $43,381,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of T-Mobile Us by 93.5% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 163,089 shares of the Wireless communications provider’s stock worth $16,986,000 after buying an additional 78,786 shares during the last quarter. 23.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of T-Mobile Us stock opened at $116.87 on Tuesday. T-Mobile Us Inc has a 1 year low of $63.50 and a 1 year high of $118.00. The firm’s 50-day moving average is $107.79 and its 200 day moving average is $95.72. The stock has a market cap of $142.95 billion, a price-to-earnings ratio of 29.84, a PEG ratio of 4.27 and a beta of 0.30. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.05 and a quick ratio of 0.98.
T-Mobile Us (NASDAQ:TMUS) last issued its earnings results on Thursday, August 6th. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). T-Mobile Us had a return on equity of 9.60% and a net margin of 5.19%. The firm had revenue of $17.67 billion during the quarter, compared to analysts’ expectations of $17.72 billion. During the same period last year, the firm posted $1.09 earnings per share. The firm’s quarterly revenue was up 61.0% on a year-over-year basis. On average, equities analysts expect that T-Mobile Us Inc will post 2.19 EPS for the current fiscal year.
A number of analysts recently commented on the company. Citigroup raised their price target on T-Mobile Us from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Royal Bank of Canada set a $110.00 target price on shares of T-Mobile Us and gave the stock a “neutral” rating in a research report on Friday, August 7th. Guggenheim cut shares of T-Mobile Us from a “buy” rating to a “neutral” rating and set a $95.00 price target on the stock. in a research report on Tuesday, June 9th. Morgan Stanley raised their price objective on shares of T-Mobile Us from $115.00 to $124.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Finally, Argus lifted their price objective on T-Mobile Us from $105.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $116.73.
In other T-Mobile Us news, insider Ronald D. Fisher acquired 350,000 shares of T-Mobile Us stock in a transaction that occurred on Friday, June 26th. The stock was bought at an average cost of $103.00 per share, for a total transaction of $36,050,000.00. Following the acquisition, the insider now owns 221,672 shares of the company’s stock, valued at $22,832,216. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Peter A. Ewens sold 200,000 shares of the business’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $106.49, for a total transaction of $21,298,000.00. Following the sale, the executive vice president now 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 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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