T-Mobile Us Inc (TMUS) Holdings Boosted by Ailanthus Capital Management LP

Ailanthus Capital Management LP raised its position in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 325,000 shares of the Wireless communications provider’s stock after purchasing an additional 2,000 shares during the quarter. T-Mobile Us comprises 11.9% of Ailanthus Capital Management LP’s portfolio, making the stock its 4th largest holding. Ailanthus Capital Management LP’s holdings in T-Mobile Us were worth $22,809,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. OZ Management LP boosted its stake in shares of T-Mobile Us by 15.2% during the 3rd quarter. OZ Management LP now owns 2,982,547 shares of the Wireless communications provider’s stock worth $209,315,000 after acquiring an additional 394,094 shares in the last quarter. Mark Asset Management Corp boosted its stake in shares of T-Mobile Us by 19.8% during the 3rd quarter. Mark Asset Management Corp now owns 97,368 shares of the Wireless communications provider’s stock worth $6,833,000 after acquiring an additional 16,118 shares in the last quarter. Highbridge Capital Management LLC boosted its stake in shares of T-Mobile Us by 119.4% during the 3rd quarter. Highbridge Capital Management LLC now owns 37,966 shares of the Wireless communications provider’s stock worth $2,664,000 after acquiring an additional 234,111 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of T-Mobile Us during the 3rd quarter worth $341,000. Finally, Channing Capital Management LLC boosted its stake in shares of T-Mobile Us by 2.2% during the 3rd quarter. Channing Capital Management LLC now owns 140,769 shares of the Wireless communications provider’s stock worth $9,879,000 after acquiring an additional 3,087 shares in the last quarter. 32.87% of the stock is owned by hedge funds and other institutional investors.

TMUS opened at $67.30 on Friday. The firm has a market capitalization of $56.48 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 2.20 and a beta of 0.42. T-Mobile Us Inc has a 12-month low of $55.09 and a 12-month 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.

T-Mobile Us (NASDAQ:TMUS) last released its earnings results on Tuesday, October 30th. The Wireless communications provider reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.08. The company had revenue of $10.84 billion during the quarter, compared to analyst estimates of $10.73 billion. T-Mobile Us had a return on equity of 11.44% and a net margin of 11.63%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 earnings per share. Sell-side analysts anticipate that T-Mobile Us Inc will post 3.33 EPS for the current fiscal year.

In related news, insider Thomas Christopher Keys sold 50,000 shares of the stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $70.23, for a total transaction of $3,511,500.00. Following the completion of the sale, the insider now directly owns 291,883 shares in the company, valued at $20,498,943.09. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO G Michael Sievert sold 10,192 shares of the stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $69.08, for a total value of $704,063.36. Following the sale, the chief operating officer now owns 442,046 shares of the company’s stock, valued at $30,536,537.68. The disclosure for this sale can be found here. Insiders sold 84,192 shares of company stock valued at $5,880,673 in the last 90 days. Corporate insiders own 0.37% of the company’s stock.

Several equities research analysts have recently weighed in on the company. BidaskClub raised T-Mobile Us from a “hold” rating to a “buy” rating in a research note on Friday, September 28th. Guggenheim raised their price objective on T-Mobile Us from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, September 27th. Nomura increased their target price on 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 upgraded T-Mobile Us from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a report on Monday, October 8th. Finally, Moffett Nathanson restated a “buy” rating on shares of T-Mobile Us in a report on Wednesday, October 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. T-Mobile Us currently has an average rating of “Buy” and an average price target of $73.92.

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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.

Further Reading: How can you know how many shares are floating?

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

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