TIG Advisors LLC Cuts Stake in T-Mobile Us Inc (NASDAQ:TMUS)

TIG Advisors LLC lowered its stake in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 74.3% in the second quarter, Holdings Channel reports. The firm owned 371,958 shares of the Wireless communications provider’s stock after selling 1,072,948 shares during the period. T-Mobile Us accounts for about 1.2% of TIG Advisors LLC’s investment portfolio, making the stock its 16th largest position. TIG Advisors LLC’s holdings in T-Mobile Us were worth $27,577,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. AO Asset Management LP increased its stake in shares of T-Mobile Us by 5.5% during the first quarter. AO Asset Management LP now owns 1,020,400 shares of the Wireless communications provider’s stock worth $70,510,000 after purchasing an additional 53,400 shares in the last quarter. H2O AM LLP grew its stake in T-Mobile Us by 11.5% during the 2nd quarter. H2O AM LLP now owns 339,617 shares of the Wireless communications provider’s stock valued at $25,180,000 after acquiring an additional 35,122 shares in the last quarter. Tuttle Tactical Management purchased a new stake in T-Mobile Us during the 1st quarter valued at about $1,962,000. Stone Ridge Asset Management LLC grew its stake in T-Mobile Us by 6.5% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 13,199 shares of the Wireless communications provider’s stock valued at $979,000 after acquiring an additional 800 shares in the last quarter. Finally, OppenheimerFunds Inc. grew its stake in T-Mobile Us by 6.7% during the 1st quarter. OppenheimerFunds Inc. now owns 790,466 shares of the Wireless communications provider’s stock valued at $54,621,000 after acquiring an additional 49,344 shares in the last quarter. 33.06% of the stock is owned by institutional investors and hedge funds.

Shares of T-Mobile Us stock traded down $1.39 during mid-day trading on Friday, hitting $79.61. The stock had a trading volume of 1,802,927 shares, compared to its average volume of 1,988,568. The firm has a 50-day moving average of $78.08 and a two-hundred day moving average of $75.53. T-Mobile Us Inc has a 12-month low of $59.96 and a 12-month high of $85.22. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.43. The firm has a market cap of $68.76 billion, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 1.49 and a beta of 0.42.



T-Mobile Us (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, July 25th. The Wireless communications provider reported $1.29 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $10.98 billion during the quarter, compared to analysts’ expectations of $11.14 billion. During the same quarter in the prior year, the company posted $0.92 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Sell-side analysts expect that T-Mobile Us Inc will post 4.38 earnings per share for the current year.

TMUS has been the subject of several research reports. Oppenheimer reaffirmed a “market perform” rating on shares of T-Mobile Us in a research note on Tuesday, August 27th. UBS Group reaffirmed a “buy” rating and set a $96.00 price objective on shares of T-Mobile Us in a research note on Monday, July 29th. Raymond James upped their price objective on shares of T-Mobile Us from $86.00 to $94.00 and gave the company a “strong-buy” rating in a research note on Tuesday, August 6th. Nomura upped their price objective on shares of T-Mobile Us from $76.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, Wells Fargo & Co upped their price objective on shares of T-Mobile Us from $82.00 to $98.00 and gave the company a “positive” rating in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average 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.

Featured Story: Buyback

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile Us Inc (NASDAQ:TMUS).

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

Receive News & Ratings for T-Mobile Us Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile Us and related companies with MarketBeat.com's FREE daily email newsletter.