Iridian Asset Management LLC CT Sells 1,985 Shares of T-Mobile Us Inc (TMUS)

Iridian Asset Management LLC CT cut its stake in T-Mobile Us Inc (NASDAQ:TMUS) by 8.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,315 shares of the Wireless communications provider’s stock after selling 1,985 shares during the period. Iridian Asset Management LLC CT’s holdings in T-Mobile Us were worth $1,542,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. AQR Capital Management LLC increased its stake in T-Mobile Us by 7.1% in the third quarter. AQR Capital Management LLC now owns 37,586 shares of the Wireless communications provider’s stock valued at $2,638,000 after purchasing an additional 2,479 shares during the last quarter. Legal & General Group Plc increased its stake in T-Mobile Us by 5.4% in the third quarter. Legal & General Group Plc now owns 1,630,174 shares of the Wireless communications provider’s stock valued at $114,406,000 after purchasing an additional 84,245 shares during the last quarter. Vanguard Group Inc increased its stake in T-Mobile Us by 0.8% in the third quarter. Vanguard Group Inc now owns 16,471,906 shares of the Wireless communications provider’s stock valued at $1,156,000,000 after purchasing an additional 132,709 shares during the last quarter. Highland Associates Inc. purchased a new position in shares of T-Mobile Us during the fourth quarter worth approximately $26,422,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of T-Mobile Us during the fourth quarter worth approximately $222,000. 33.72% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ TMUS opened at $73.42 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.56. T-Mobile Us Inc has a 1-year low of $55.23 and a 1-year high of $75.32. The firm has a market cap of $62.72 billion, a P/E ratio of 21.85, a P/E/G ratio of 1.18 and a beta of 0.44.



T-Mobile Us (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.14. T-Mobile Us had a return on equity of 13.05% and a net margin of 7.11%. The firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11 billion. During the same period last year, the company earned $0.78 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, sell-side analysts predict that T-Mobile Us Inc will post 4.12 earnings per share for the current fiscal year.

In related news, COO G Michael Sievert sold 4,766 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $73.58, for a total transaction of $350,682.28. Following the completion of the sale, the chief operating officer now directly owns 543,391 shares of the company’s stock, valued at $39,982,709.78. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas Christopher Keys sold 43,000 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $70.71, for a total value of $3,040,530.00. Following the sale, the insider now directly owns 248,883 shares of the company’s stock, valued at $17,598,516.93. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

A number of equities analysts have recently issued reports on TMUS shares. Nomura raised their target price on shares of T-Mobile Us from $72.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. BTIG Research raised their target price on shares of T-Mobile Us to $91.00 and gave the stock a “buy” rating in a research report on Friday, January 18th. Royal Bank of Canada restated a “buy” rating and set a $76.00 target price on shares of T-Mobile Us in a research report on Thursday, February 7th. KeyCorp raised their target price on shares of T-Mobile Us from $76.00 to $88.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, HSBC set a $80.00 target price on shares of T-Mobile Us and gave the stock a “buy” rating in a research report on Friday, March 8th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. T-Mobile Us currently has an average rating of “Buy” and an average target price of $80.15.

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

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