Wedge Capital Management L L P NC cut its holdings in T-Mobile Us Inc (NASDAQ:TMUS) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 167,827 shares of the Wireless communications provider’s stock after selling 967 shares during the period. Wedge Capital Management L L P NC’s holdings in T-Mobile Us were worth $12,443,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sandy Spring Bank bought a new position in T-Mobile Us in the 1st quarter worth approximately $30,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in T-Mobile Us in the 1st quarter worth approximately $45,000. Bremer Bank National Association bought a new position in T-Mobile Us in the 1st quarter worth approximately $51,000. Coastal Capital Group Inc. bought a new position in T-Mobile Us in the 2nd quarter worth approximately $53,000. Finally, Alera Investment Advisors LLC bought a new position in T-Mobile Us in the 1st quarter worth approximately $56,000. 32.67% of the stock is owned by institutional investors.
In other news, COO G Michael Sievert sold 9,324 shares of T-Mobile Us stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $75.50, for a total transaction of $703,962.00. Following the completion of the sale, the chief operating officer now directly owns 533,965 shares of the company’s stock, valued at approximately $40,314,357.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.
T-Mobile Us (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, July 25th. The Wireless communications provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.30. T-Mobile Us had a net margin of 7.40% and a return on equity of 13.89%. The company had revenue of $10.98 billion during the quarter, compared to the consensus estimate of $11.14 billion. During the same period in the previous year, the firm posted $0.92 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. Equities analysts anticipate that T-Mobile Us Inc will post 4.19 EPS for the current year.
Several research firms recently commented on TMUS. ValuEngine raised shares of T-Mobile Us from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. BidaskClub downgraded shares of T-Mobile Us from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Raymond James raised their price objective on shares of T-Mobile Us from $86.00 to $94.00 and gave the stock a “strong-buy” rating in a report on Tuesday, August 6th. William Blair reissued an “outperform” rating on shares of T-Mobile Us in a report on Monday, July 29th. Finally, HSBC set a $85.00 price target on shares of T-Mobile Us and gave the company a “buy” rating in a report on Monday, June 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $89.55.
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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