River Road Asset Management LLC reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) by 42.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The company owned 284,712 shares of the wireless carrier after selling 210,560 shares during the period. River Road Asset Management LLC’s interests in T-Mobile US were valued at $38,200,000 at the time of the last SEC filing.
Several other major investors have also bought and sold shares in TMUS. Mirae Asset Global Investments Co.Ltd. increased its stake in T-Mobile US by 21.7% in the first quarter. Mirae Asset Global Investments Co.Ltd. now owns 1,011,991 shares of the wireless communications provider valued at $129,888,000 after purchasing an additional 180,468 shares during the period. Sei Investments Co. increased its stake in T-Mobile US by 50.6% in the first quarter. Sei Investments Co. now owns 230,598 shares of the wireless communications provider, valued at $29,603,000, after purchasing an additional 77,518 shares during the period. Prudential PLC acquired a new stake in T-Mobile US valued at $1,649,000 during the first quarter. Cetera Investment Advisers increased its stake in T-Mobile US by 12.2% in the first quarter. Cetera Investment Advisers now owns 23,619 shares of the wireless communications provider, valued at $3,031,000, after purchasing an additional 2,574 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in T-Mobile US by 105.7% in the first quarter. Sequoia Financial Advisors LLC now owns 3,796 shares of the wireless communications provider, valued at $487,000, after purchasing an additional 1,951 shares during the period. 42.86% of the shares are currently owned by institutional investors and hedge funds.
Development of the US stock of T-Mobile
Shares of TMUS rose $0.13 on Monday afternoon to hit $145.25. The stock had a trading volume of 506,893 shares compared to an average volume of 5,479,842. The company has a 50-day simple moving average of $145.50 and a 200-day simple moving average of $142.62. T-Mobile US, Inc. has a yearly low of $102.27 and a yearly high of $154.38. The company has a market cap of $180.71 billion, a P/E of 118.95, a P/E of 0.82, and a beta of 0.55. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt to equity ratio of 1.02.
T-Mobile US (NASDAQ:TMUS – Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The wireless communications provider reported earnings per share of $0.40 for the quarter, missing analyst consensus estimates of $0.53 ($0.13). T-Mobile US had a net margin of 1.92% and a return on equity of 6.29%. The company had revenue of $19.48 billion for the quarter, compared to the consensus estimate of $19.98 billion. In the same period last year, the company earned $0.55 per share. The company’s revenue fell 0.7% year over year. As a group, sell-side analysts expect T-Mobile US, Inc. to post 2.02 year-to-date EPS.
Insiders place their bets
In other T-Mobile US news, Director Srikant M. Datar sold 750 shares of T-Mobile US stock in a transaction on Friday, November 4th. The shares sold at an average price of $147.50 for a total value of $110,625.00. Upon completion of the sale, the Director now owns 3,230 shares of the Company, valued at approximately $476,425. The sale was disclosed in a filing with the Securities & Exchange Commission, available through the SEC’s website. In separate T-Mobile US news, CAO Dara Bazzano sold 1,700 shares of the company’s stock in a transaction that took place on Tuesday, November 1st. The shares were sold at an average price of $153.46 for a total transaction of $260,882.00. Following the sale, the Chief Accounting Officer now directly owns 9,551 shares of the Company, valued at approximately $1,465,696.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission available at this hyperlink. In addition, Director Srikant M. Datar sold 750 shares of the company’s shares in a transaction that took place on Friday, November 4th. The stock sold at an average price of $147.50 for a total transaction of $110,625.00. Following the sale, the director now directly owns 3,230 shares of the company, valued at $476,425. The disclosure for this sale can be found here. Insiders sold 73,450 shares of the company’s shares worth $11,045,767 last quarter. 0.68% of the shares are currently owned by company insiders.
Wall Street analysts forecast growth
Several research companies have commented on TMUS. Cowen raised his target price on T-Mobile US shares to $201.00 from $187.00 in a report on Friday, October 28. Raymond James lowered its target price on T-Mobile US shares to $168.00 from $175.00 and gave the company a “strong buy” rating in a research report on Wednesday, December th. KeyCorp raised its target price on T-Mobile US shares to $165.00 from $161.00 and ranked the stock as “overweight” in a research report on Friday, October 28. TheStreet upgraded shares of T-Mobile US from a “c+” rating to a “b-” rating in a research report on Friday, October 28. Finally, on Thursday, October 20, Benchmark lowered its target price on shares of T-Mobile US to $197.00 in a research report. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of Moderate Buy and a consensus price target of $178.83.
T-Mobile US Company Profile
(received rating)
T-Mobile US, Inc, together with its subsidiaries, provides wireless service in the United States, Puerto Rico and the US Virgin Islands. The company provides voice, messaging and data services to 108.7 million customers in the postpaid, prepaid and wholesale markets. It also offers wireless devices, including smartphones, wearables and tablets, and other mobile communication devices, as well as wireless devices and accessories.
Selected items
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