Miles Capital Inc. purchased a new stake in shares of T-Mobile Us Inc (NASDAQ:TMUS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,842 shares of the Wireless communications provider’s stock, valued at approximately $211,000.
A number of other hedge funds also recently made changes to their positions in the business. FMR LLC lifted its holdings in shares of T-Mobile Us by 11.9% during the first quarter. FMR LLC now owns 24,472,941 shares of the Wireless communications provider’s stock valued at $1,691,080,000 after acquiring an additional 2,601,725 shares during the period. FIL Ltd grew its stake in T-Mobile Us by 32.1% during the first quarter. FIL Ltd now owns 6,623,746 shares of the Wireless communications provider’s stock worth $457,701,000 after purchasing an additional 1,610,535 shares during the period. AJO LP grew its stake in T-Mobile Us by 225.9% during the first quarter. AJO LP now owns 1,412,252 shares of the Wireless communications provider’s stock worth $97,587,000 after purchasing an additional 978,972 shares during the period. Neuberger Berman Group LLC grew its stake in T-Mobile Us by 16.9% during the first quarter. Neuberger Berman Group LLC now owns 6,423,089 shares of the Wireless communications provider’s stock worth $443,835,000 after purchasing an additional 927,635 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in T-Mobile Us by 46.9% during the second quarter. CIBC Private Wealth Group LLC now owns 2,533,527 shares of the Wireless communications provider’s stock worth $187,837,000 after purchasing an additional 808,826 shares during the period. Institutional investors own 33.14% of the company’s stock.
Shares of T-Mobile Us stock traded down $0.45 during trading on Friday, reaching $79.24. The company’s stock had a trading volume of 141,254 shares, compared to its average volume of 2,039,590. The stock has a 50-day moving average price of $78.49 and a two-hundred day moving average price of $75.28. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.43. T-Mobile Us Inc has a one year low of $59.96 and a one year high of $85.22. The stock has a market capitalization of $68.06 billion, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 1.47 and a beta of 0.42.
T-Mobile Us (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, July 25th. The Wireless communications provider reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $10.98 billion during the quarter, compared to analysts’ expectations of $11.14 billion. During the same period in the previous year, the business posted $0.92 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that T-Mobile Us Inc will post 4.36 EPS for the current fiscal year.
In other T-Mobile Us news, COO G Michael Sievert sold 9,324 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $75.50, for a total value of $703,962.00. Following the transaction, the chief operating officer now directly owns 533,965 shares of the company’s stock, valued at approximately $40,314,357.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.40% of the stock is currently owned by corporate insiders.
A number of brokerages have commented on TMUS. UBS Group reissued a “buy” rating and issued a $96.00 price objective on shares of T-Mobile Us in a research note on Monday, July 29th. ValuEngine upgraded shares of T-Mobile Us from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. Oppenheimer reiterated a “market perform” rating on shares of T-Mobile Us in a report on Tuesday, August 27th. Nomura raised their target price on shares of T-Mobile Us from $76.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, Royal Bank of Canada set a $87.00 target price on shares of T-Mobile Us and gave the stock a “buy” rating in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $89.55.
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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