Wedge Capital Management L L P NC grew its holdings in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,812 shares of the Wireless communications provider’s stock after buying an additional 5,932 shares during the quarter. Wedge Capital Management L L P NC’s holdings in T-Mobile Us were worth $13,040,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. NEXT Financial Group Inc bought a new stake in shares of T-Mobile Us in the 3rd quarter valued at about $105,000. SeaCrest Wealth Management LLC raised its holdings in shares of T-Mobile Us by 92.3% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 2,812 shares of the Wireless communications provider’s stock valued at $168,000 after purchasing an additional 1,350 shares during the period. Arrow Financial Corp bought a new stake in shares of T-Mobile Us in the 3rd quarter valued at about $175,000. Jaffetilchin Investment Partners LLC bought a new stake in shares of T-Mobile Us in the 3rd quarter valued at about $203,000. Finally, Oakbrook Investments LLC bought a new stake in shares of T-Mobile Us in the 3rd quarter valued at about $204,000. 32.64% of the stock is currently owned by hedge funds and other institutional investors.
In related news, COO G Michael Sievert sold 10,622 shares of the company’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $65.79, for a total value of $698,821.38. Following the transaction, the chief operating officer now owns 452,478 shares in the company, valued at approximately $29,768,527.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP David R. Carey sold 2,000 shares of the company’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 transaction, the executive vice president now owns 204,851 shares in the company, valued at approximately $14,456,335.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,622 shares of company stock worth $2,223,911. 0.37% of the stock is owned by company insiders.
A number of brokerages have recently issued reports on TMUS. BidaskClub raised shares of T-Mobile Us from a “hold” rating to a “buy” rating in a report on Friday, September 28th. Guggenheim upped their target price on shares of T-Mobile Us from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, September 27th. Nomura upped their target price on shares of T-Mobile Us from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, October 31st. Zacks Investment Research raised shares of T-Mobile Us from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Monday, October 8th. Finally, Moffett Nathanson reaffirmed a “buy” rating on shares of T-Mobile Us in a report on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. T-Mobile Us currently has a consensus rating of “Buy” and a consensus price target of $73.13.
Shares of TMUS opened at $68.77 on Wednesday. T-Mobile Us Inc has a 52 week low of $54.60 and a 52 week high of $70.94. The stock has a market capitalization of $58.12 billion, a P/E ratio of 30.03, a P/E/G ratio of 2.28 and a beta of 0.39. The company has a current ratio of 0.85, a quick ratio of 0.74 and a debt-to-equity ratio of 1.20.
T-Mobile Us (NASDAQ:TMUS) last announced its quarterly earnings results on Tuesday, October 30th. The Wireless communications provider reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.08. T-Mobile Us had a net margin of 11.63% and a return on equity of 11.44%. The business had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.73 billion. During the same quarter in the prior year, the business earned $0.63 EPS. T-Mobile Us’s quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts expect that T-Mobile Us Inc will post 3.3 earnings per share for the current year.
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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.
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