Arizona State Retirement System cut its stake in T-Mobile Us Inc (NASDAQ:TMUS) by 3.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 99,594 shares of the Wireless communications provider’s stock after selling 3,161 shares during the quarter. Arizona State Retirement System’s holdings in T-Mobile Us were worth $6,990,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Braun Stacey Associates Inc. increased its holdings in shares of T-Mobile Us by 0.9% during the 3rd quarter. Braun Stacey Associates Inc. now owns 239,062 shares of the Wireless communications provider’s stock worth $16,777,000 after buying an additional 2,060 shares during the last quarter. FNY Investment Advisers LLC increased its holdings in shares of T-Mobile Us by 559.8% during the 3rd quarter. FNY Investment Advisers LLC now owns 6,836 shares of the Wireless communications provider’s stock worth $479,000 after buying an additional 5,800 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of T-Mobile Us by 7.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 31,482 shares of the Wireless communications provider’s stock worth $2,209,000 after buying an additional 2,099 shares during the last quarter. Hallmark Capital Management Inc. increased its holdings in shares of T-Mobile Us by 0.4% during the 3rd quarter. Hallmark Capital Management Inc. now owns 267,580 shares of the Wireless communications provider’s stock worth $18,779,000 after buying an additional 1,050 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in T-Mobile Us in the 3rd quarter valued at approximately $1,365,000. 32.78% of the stock is currently owned by hedge funds and other institutional investors.
TMUS has been the subject of several research reports. BidaskClub downgraded shares of T-Mobile Us from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. Nomura reiterated a “neutral” rating and issued a $68.00 target price on shares of T-Mobile Us in a report on Thursday, August 2nd. Societe Generale reiterated a “buy” rating and issued a $71.00 target price on shares of T-Mobile Us in a report on Thursday, August 2nd. ValuEngine upgraded shares of T-Mobile Us from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, Barclays downgraded shares of T-Mobile Us to a “buy” rating in a report on Tuesday, September 4th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the stock. T-Mobile Us presently has an average rating of “Buy” and an average target price of $72.74.
NASDAQ:TMUS opened at $68.51 on Monday. The firm has a market capitalization of $58.12 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 2.29 and a beta of 0.39. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.85 and a quick ratio of 0.66. T-Mobile Us Inc has a 52 week low of $54.60 and a 52 week high of $70.94.
T-Mobile Us (NASDAQ:TMUS) last posted its quarterly earnings results on Tuesday, October 30th. The Wireless communications provider reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.08. The business had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.73 billion. T-Mobile Us had a net margin of 11.63% and a return on equity of 11.44%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 earnings per share. On average, sell-side analysts anticipate that T-Mobile Us Inc will post 3.3 earnings per share for the current fiscal year.
In other T-Mobile Us news, EVP David R. Carey sold 2,000 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $70.57, for a total value of $141,140.00. Following the completion of the transaction, the executive vice president now owns 204,851 shares in the company, valued at $14,456,335.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Christopher Keys sold 65,000 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $65.63, for a total transaction of $4,265,950.00. Following the completion of the transaction, the insider now owns 381,883 shares of the company’s stock, valued at approximately $25,062,981.29. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,622 shares of company stock valued at $6,489,861. Insiders own 0.37% of the company’s stock.
About T-Mobile Us
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.
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