World Asset Management Inc reduced its position in T-Mobile Us Inc (NASDAQ:TMUS) by 2.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 11,831 shares of the Wireless communications provider’s stock after selling 353 shares during the period. World Asset Management Inc’s holdings in T-Mobile Us were worth $877,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Sandy Spring Bank acquired a new position in T-Mobile Us in the 1st quarter valued at about $30,000. Financial Advocates Investment Management increased its position in T-Mobile Us by 42.0% in the 4th quarter. Financial Advocates Investment Management now owns 541 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 160 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in T-Mobile Us in the 1st quarter valued at about $45,000. Bremer Bank National Association acquired a new position in T-Mobile Us in the 1st quarter valued at about $51,000. Finally, Alera Investment Advisors LLC acquired a new position in T-Mobile Us in the 1st quarter valued at about $56,000. 32.55% of the stock is owned by institutional investors and hedge funds.
NASDAQ TMUS traded down $1.58 on Friday, hitting $77.73. 5,427,965 shares of the company’s stock were exchanged, compared to its average volume of 8,629,042. The company has a current ratio of 0.62, a quick ratio of 0.56 and a debt-to-equity ratio of 1.43. The firm has a 50-day moving average price of $77.45. T-Mobile Us Inc has a fifty-two week low of $59.96 and a fifty-two week high of $85.22. The stock has a market cap of $68.13 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 1.54 and a beta of 0.36.
T-Mobile Us (NASDAQ:TMUS) last released its earnings results on Thursday, July 25th. The Wireless communications provider reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.30. T-Mobile Us had a return on equity of 13.89% and a net margin of 7.40%. The company had revenue of $10.98 billion for the quarter, compared to analysts’ expectations of $11.14 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, equities analysts expect that T-Mobile Us Inc will post 4.19 EPS for the current year.
In other T-Mobile Us news, COO G Michael Sievert sold 9,324 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $75.50, for a total transaction of $703,962.00. Following the transaction, the chief operating officer now owns 533,965 shares in the company, valued at approximately $40,314,357.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.
Several equities analysts recently issued reports on the company. Nomura boosted their price target on T-Mobile Us from $76.00 to $88.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. William Blair restated an “outperform” rating on shares of T-Mobile Us in a research report on Monday, July 29th. UBS Group restated a “buy” rating and issued a $96.00 price target on shares of T-Mobile Us in a research report on Monday, July 29th. Zacks Investment Research cut T-Mobile Us from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Finally, BidaskClub cut T-Mobile Us from a “buy” rating to a “hold” rating in a research report on Monday, June 24th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $87.73.
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 79.7 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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