Mark Asset Management LP cut its holdings in T-Mobile Us Inc (NASDAQ:TMUS) by 29.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,772 shares of the Wireless communications provider’s stock after selling 29,726 shares during the period. T-Mobile Us makes up 1.4% of Mark Asset Management LP’s portfolio, making the stock its 24th largest position. Mark Asset Management LP’s holdings in T-Mobile Us were worth $7,267,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Raymond James Financial Services Advisors Inc. raised its stake in shares of T-Mobile Us by 115.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 129,880 shares of the Wireless communications provider’s stock valued at $13,527,000 after acquiring an additional 69,700 shares during the last quarter. Retirement Network bought a new position in shares of T-Mobile Us during the first quarter valued at about $177,000. Clarius Group LLC bought a new position in shares of T-Mobile Us during the second quarter valued at about $255,000. Flagship Harbor Advisors LLC raised its stake in shares of T-Mobile Us by 13.2% during the second quarter. Flagship Harbor Advisors LLC now owns 4,654 shares of the Wireless communications provider’s stock valued at $484,000 after acquiring an additional 541 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of T-Mobile Us by 30.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 11,098 shares of the Wireless communications provider’s stock valued at $1,156,000 after acquiring an additional 2,576 shares during the last quarter. 49.64% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently commented on TMUS shares. Argus upped their price objective on shares of T-Mobile Us from $105.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. BNP Paribas initiated coverage on shares of T-Mobile Us in a research report on Monday, July 27th. They set an “outperform” rating and a $130.00 price target on the stock. BidaskClub cut shares of T-Mobile Us from a “buy” rating to a “hold” rating in a research report on Wednesday, July 1st. JPMorgan Chase & Co. reiterated a “buy” rating and set a $140.00 price target (up previously from $110.00) on shares of T-Mobile Us in a research report on Friday, August 7th. Finally, Wells Fargo & Co boosted their price target on shares of T-Mobile Us from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. T-Mobile Us presently has an average rating of “Buy” and a consensus price target of $118.09.
In related news, EVP David A. Miller sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $114.51, for a total transaction of $2,290,200.00. Following the transaction, the executive vice president now owns 181,142 shares in the company, valued at $20,742,570.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ronald D. Fisher acquired 350,000 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were bought at an average price of $103.00 per share, for a total transaction of $36,050,000.00. Following the transaction, the insider now owns 221,672 shares of the company’s stock, valued at $22,832,216. The disclosure for this purchase can be found here. Corporate insiders own 0.47% of the company’s stock.
Shares of NASDAQ:TMUS traded down $0.55 during trading on Friday, reaching $114.29. 4,689,392 shares of the stock traded hands, compared to its average volume of 3,676,429. The stock has a 50-day moving average of $111.39 and a two-hundred day moving average of $98.52. T-Mobile Us Inc has a 52-week low of $63.50 and a 52-week high of $119.20. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.98 and a current ratio of 1.05. The stock has a market cap of $141.47 billion, a P/E ratio of 29.53, a price-to-earnings-growth ratio of 3.69 and a beta of 0.31.
T-Mobile Us (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, August 6th. The Wireless communications provider reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). T-Mobile Us had a net margin of 5.19% and a return on equity of 9.60%. The firm had revenue of $17.67 billion for the quarter, compared to analysts’ expectations of $17.72 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The company’s quarterly revenue was up 61.0% compared to the same quarter last year. Sell-side analysts expect that T-Mobile Us Inc will post 2.52 earnings per share for the current year.
T-Mobile Us 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 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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