Meeder Asset Management Inc. lifted its holdings in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 806.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 115,979 shares of the Wireless communications provider’s stock after purchasing an additional 103,183 shares during the period. Meeder Asset Management Inc.’s holdings in T-Mobile Us were worth $8,139,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Stratos Wealth Partners LTD. acquired a new position in T-Mobile Us in the third quarter valued at $111,000. Daiwa Securities Group Inc. lifted its holdings in T-Mobile Us by 817.6% in the third quarter. Daiwa Securities Group Inc. now owns 102,313 shares of the Wireless communications provider’s stock valued at $7,180,000 after buying an additional 91,163 shares during the period. Private Advisor Group LLC lifted its holdings in T-Mobile Us by 37.5% in the third quarter. Private Advisor Group LLC now owns 6,620 shares of the Wireless communications provider’s stock valued at $465,000 after buying an additional 1,805 shares during the period. Majedie Asset Management Ltd lifted its holdings in T-Mobile Us by 3.9% in the third quarter. Majedie Asset Management Ltd now owns 241,778 shares of the Wireless communications provider’s stock valued at $16,968,000 after buying an additional 9,043 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in T-Mobile Us by 18.5% in the third quarter. Victory Capital Management Inc. now owns 54,615 shares of the Wireless communications provider’s stock valued at $3,833,000 after buying an additional 8,507 shares during the period. Institutional investors own 32.64% of the company’s stock.
TMUS opened at $68.51 on Monday. T-Mobile Us Inc has a 1-year low of $54.60 and a 1-year high of $70.94. The company has a quick ratio of 0.74, a current ratio of 0.85 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $58.12 billion, a price-to-earnings ratio of 29.92, a P/E/G ratio of 2.28 and a beta of 0.39.
T-Mobile Us (NASDAQ:TMUS) last posted its quarterly earnings results on Tuesday, October 30th. The Wireless communications provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.08. The firm 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 business’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 earnings per share. On average, equities analysts predict that T-Mobile Us Inc will post 3.3 earnings per share for the current year.
TMUS has been the topic of several recent analyst reports. Barclays lowered shares of T-Mobile Us to a “buy” rating in a report on Tuesday, September 4th. BidaskClub upgraded shares of T-Mobile Us from a “hold” rating to a “buy” rating in a report on Friday, September 28th. KeyCorp set a $76.00 target price on shares of T-Mobile Us and gave the company a “buy” rating in a report on Thursday, September 13th. Nomura reaffirmed a “neutral” rating and issued a $68.00 price target on shares of T-Mobile Us in a research note on Thursday, August 2nd. Finally, Zacks Investment Research downgraded shares of T-Mobile Us from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. T-Mobile Us currently has an average rating of “Buy” and a consensus price target of $72.74.
In other news, EVP David R. Carey sold 2,000 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $70.57, for a total transaction of $141,140.00. Following the completion of the sale, the executive vice president now directly owns 204,851 shares of the company’s stock, valued at $14,456,335.07. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Thomas Christopher Keys sold 65,000 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 381,883 shares of the company’s stock, valued at $25,062,981.29. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,622 shares of company stock valued at $6,489,861. 0.37% of the stock is currently 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 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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