T-Mobile US, Inc. (NASDAQ:TMUS) Holdings Lessened by California State Teachers Retirement System

California State Teachers Retirement System cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 500,481 shares of the Wireless communications provider’s stock after selling 1,604 shares during the period. California State Teachers Retirement System owned 0.06% of T-Mobile US worth $31,786,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TMUS. Tybourne Capital Management HK Ltd. purchased a new position in T-Mobile US in the 4th quarter valued at $272,331,000. Maverick Capital Ltd. grew its position in T-Mobile US by 103.0% in the 4th quarter. Maverick Capital Ltd. now owns 3,349,036 shares of the Wireless communications provider’s stock valued at $212,697,000 after buying an additional 1,699,036 shares during the last quarter. Two Sigma Investments LP purchased a new position in T-Mobile US in the 4th quarter valued at $96,296,000. Carmignac Gestion grew its position in T-Mobile US by 32.1% in the 3rd quarter. Carmignac Gestion now owns 5,844,199 shares of the Wireless communications provider’s stock valued at $360,353,000 after buying an additional 1,419,024 shares during the last quarter. Finally, DnB Asset Management AS grew its position in T-Mobile US by 91.0% in the 4th quarter. DnB Asset Management AS now owns 2,831,015 shares of the Wireless communications provider’s stock valued at $179,798,000 after buying an additional 1,349,000 shares during the last quarter. Institutional investors and hedge funds own 35.66% of the company’s stock.

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T-Mobile US stock traded down $0.16 during midday trading on Friday, reaching $59.65. 3,581,508 shares of the company were exchanged, compared to its average volume of 3,451,108. The stock has a market cap of $50,966.69, a PE ratio of 26.05, a P/E/G ratio of 0.78 and a beta of 0.42. T-Mobile US, Inc. has a 1 year low of $54.60 and a 1 year high of $68.88. The company has a current ratio of 0.77, a quick ratio of 0.64 and a debt-to-equity ratio of 1.30.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, February 8th. The Wireless communications provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.37 by $0.11. The company had revenue of $10.76 billion during the quarter, compared to analysts’ expectations of $10.84 billion. T-Mobile US had a return on equity of 9.60% and a net margin of 11.19%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. equities analysts predict that T-Mobile US, Inc. will post 3.4 EPS for the current year.

In other news, major shareholder Telekom Holding B.V. Deutsche bought 300,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was acquired at an average price of $57.79 per share, for a total transaction of $17,337,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Thomas Christopher Keys sold 25,000 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $65.50, for a total value of $1,637,500.00. Following the sale, the insider now owns 406,883 shares of the company’s stock, valued at approximately $26,650,836.50. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 1,840,000 shares of company stock valued at $110,974,950 and sold 80,252 shares valued at $5,176,576. 0.29% of the stock is owned by insiders.

A number of research firms recently weighed in on TMUS. Guggenheim began coverage on shares of T-Mobile US in a research report on Tuesday, March 13th. They issued a “buy” rating and a $80.00 price objective on the stock. BidaskClub raised T-Mobile US from a “sell” rating to a “hold” rating in a report on Saturday, March 3rd. ValuEngine downgraded T-Mobile US from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Zacks Investment Research downgraded T-Mobile US from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, Bank of America raised their target price on T-Mobile US from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and four have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $70.65.

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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.

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

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