Voleon Capital Management LP Buys Shares of 32,000 T-Mobile Us Inc (NASDAQ:TMUS)

Voleon Capital Management LP bought a new stake in shares of T-Mobile Us Inc (NASDAQ:TMUS) in the second quarter, Holdings Channel reports. The fund bought 32,000 shares of the Wireless communications provider’s stock, valued at approximately $2,372,000.

Several other institutional investors have also recently made changes to their positions in the business. Worldquant Millennium Advisors LLC increased its holdings in shares of T-Mobile Us by 17.2% in the second quarter. Worldquant Millennium Advisors LLC now owns 185,907 shares of the Wireless communications provider’s stock valued at $13,783,000 after purchasing an additional 27,298 shares during the last quarter. Zimmer Partners LP acquired a new stake in shares of T-Mobile Us in the second quarter valued at approximately $14,828,000. Stonebridge Capital Advisors LLC acquired a new stake in shares of T-Mobile Us in the second quarter valued at approximately $84,000. Outlook Wealth Advisors LLC increased its holdings in shares of T-Mobile Us by 11.7% in the second quarter. Outlook Wealth Advisors LLC now owns 3,449 shares of the Wireless communications provider’s stock valued at $256,000 after purchasing an additional 360 shares during the last quarter. Finally, Advisors Capital Management LLC increased its holdings in shares of T-Mobile Us by 2.6% in the second quarter. Advisors Capital Management LLC now owns 46,312 shares of the Wireless communications provider’s stock valued at $3,434,000 after purchasing an additional 1,161 shares during the last quarter. 33.06% of the stock is owned by institutional investors and hedge funds.

TMUS has been the subject of several recent research reports. Barclays reaffirmed a “buy” rating and issued a $93.00 price target on shares of T-Mobile Us in a report on Monday, July 29th. Raymond James increased their price target on T-Mobile Us from $86.00 to $94.00 and gave the company a “strong-buy” rating in a report on Tuesday, August 6th. BidaskClub cut T-Mobile Us from a “hold” rating to a “sell” rating in a report on Friday, September 6th. William Blair reaffirmed 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 T-Mobile Us and gave the company a “buy” rating in a report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. T-Mobile Us presently has a consensus rating of “Buy” and an average target price of $89.55.



T-Mobile Us stock traded up $0.48 during mid-day trading on Wednesday, hitting $79.84. The company’s stock had a trading volume of 179,969 shares, compared to its average volume of 2,296,569. The firm has a market capitalization of $68.86 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 1.49 and a beta of 0.42. T-Mobile Us Inc has a 1 year low of $59.96 and a 1 year high of $85.22. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.43. The stock’s fifty day moving average is $78.24 and its two-hundred day moving average is $75.74.

T-Mobile Us (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, July 25th. The Wireless communications provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.30. The company had revenue of $10.98 billion during the quarter, compared to analyst estimates of $11.14 billion. T-Mobile Us had a return on equity of 13.89% and a net margin of 7.40%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. On average, equities analysts expect that T-Mobile Us Inc will post 4.38 EPS for the current fiscal 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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Institutional Ownership by Quarter for T-Mobile Us (NASDAQ:TMUS)

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