Soros Fund Management LLC Takes Position in T-Mobile Us Inc (TMUS)

Soros Fund Management LLC bought a new position in shares of T-Mobile Us Inc (NASDAQ:TMUS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,000 shares of the Wireless communications provider’s stock, valued at approximately $538,000.

Other institutional investors have also recently bought and sold shares of the company. Field & Main Bank increased its stake in shares of T-Mobile Us by 6.4% during the 2nd quarter. Field & Main Bank now owns 14,865 shares of the Wireless communications provider’s stock worth $892,000 after purchasing an additional 900 shares during the last quarter. Buckingham Capital Management Inc. increased its stake in shares of T-Mobile Us by 7.9% during the 2nd quarter. Buckingham Capital Management Inc. now owns 12,512 shares of the Wireless communications provider’s stock worth $748,000 after purchasing an additional 921 shares during the last quarter. Vident Investment Advisory LLC increased its stake in shares of T-Mobile Us by 1.9% during the 2nd quarter. Vident Investment Advisory LLC now owns 55,504 shares of the Wireless communications provider’s stock worth $3,316,000 after purchasing an additional 1,018 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in T-Mobile Us by 11.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 10,807 shares of the Wireless communications provider’s stock valued at $646,000 after buying an additional 1,128 shares in the last quarter. Finally, SeaCrest Wealth Management LLC grew its stake in T-Mobile Us by 92.3% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 2,812 shares of the Wireless communications provider’s stock valued at $168,000 after buying an additional 1,350 shares in the last quarter. 33.01% of the stock is currently owned by hedge funds and other institutional investors.

TMUS has been the subject of a number of recent research reports. ValuEngine lowered shares of T-Mobile Us from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 22nd. Macquarie reiterated a “buy” rating and issued a $74.00 price objective on shares of T-Mobile Us in a research note on Wednesday, June 6th. BidaskClub upgraded shares of T-Mobile Us from a “sell” rating to a “hold” rating in a research note on Friday, June 15th. Barclays initiated coverage on shares of T-Mobile Us in a research note on Wednesday, June 27th. They issued an “overweight” rating and a $74.00 price objective for the company. Finally, Wells Fargo & Co upgraded shares of T-Mobile Us from a “market perform” rating to an “outperform” rating in a research note on Wednesday, June 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $71.46.



TMUS opened at $68.25 on Friday. The firm has a market cap of $57.54 billion, a PE ratio of 29.80, a PEG ratio of 1.31 and a beta of 0.44. The company has a quick ratio of 0.66, a current ratio of 0.76 and a debt-to-equity ratio of 1.25. T-Mobile Us Inc has a one year low of $54.60 and a one year high of $68.71.

T-Mobile Us (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, August 1st. The Wireless communications provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. The firm had revenue of $10.57 billion during the quarter, compared to analyst estimates of $10.65 billion. T-Mobile Us had a net margin of 11.27% and a return on equity of 10.87%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.67 EPS. sell-side analysts forecast that T-Mobile Us Inc will post 3.18 EPS for the current fiscal year.

In other news, EVP David A. Miller sold 5,000 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $65.00, for a total transaction of $325,000.00. Following the completion of the transaction, the executive vice president now directly owns 122,523 shares in the company, valued at approximately $7,963,995. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO G Michael Sievert sold 10,622 shares of the business’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $65.79, for a total transaction of $698,821.38. Following the transaction, the chief operating officer now owns 452,478 shares of the company’s stock, valued at $29,768,527.62. The disclosure for this sale can be found here. Insiders have sold a total of 95,660 shares of company stock valued at $6,186,665 over the last 90 days. Company insiders own 0.37% of the company’s stock.

T-Mobile Us Company 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 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.

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

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