Livforsakringsbolaget Skandia Omsesidigt Acquires 1,327 Shares of T-Mobile Us Inc (NASDAQ:TMUS)

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in T-Mobile Us Inc (NASDAQ:TMUS) by 37.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,890 shares of the Wireless communications provider’s stock after purchasing an additional 1,327 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in T-Mobile Us were worth $509,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TMUS. Clarius Group LLC purchased a new position in T-Mobile Us in the 2nd quarter worth about $255,000. State of Alaska Department of Revenue grew its stake in T-Mobile Us by 5.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 172,096 shares of the Wireless communications provider’s stock worth $17,922,000 after acquiring an additional 8,897 shares in the last quarter. Fulton Bank N. A. bought a new position in T-Mobile Us in the 2nd quarter worth about $267,000. Park National Corp OH purchased a new position in shares of T-Mobile Us during the second quarter worth approximately $306,000. Finally, State Street Corp raised its stake in shares of T-Mobile Us by 5.3% during the first quarter. State Street Corp now owns 15,540,491 shares of the Wireless communications provider’s stock valued at $1,303,847,000 after acquiring an additional 781,909 shares in the last quarter. Hedge funds and other institutional investors own 23.57% of the company’s stock.

Shares of T-Mobile Us stock opened at $106.61 on Thursday. The business’s fifty day simple moving average is $102.61 and its 200-day simple moving average is $89.94. The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 1.27. The firm has a market cap of $147.21 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 3.03 and a beta of 0.30. T-Mobile Us Inc has a 52 week low of $63.50 and a 52 week high of $111.58.

T-Mobile Us (NASDAQ:TMUS) last announced its earnings results on Wednesday, May 6th. The Wireless communications provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. The company had revenue of $11.11 billion for the quarter, compared to analyst estimates of $11.42 billion. T-Mobile Us had a return on equity of 13.96% and a net margin of 7.80%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.06 earnings per share. As a group, equities analysts expect that T-Mobile Us Inc will post 1.84 earnings per share for the current year.

In other news, insider Ronald D. Fisher bought 350,000 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average cost of $103.00 per share, for a total transaction of $36,050,000.00. Following the completion of the purchase, the insider now owns 221,672 shares of the company’s stock, valued at $22,832,216. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.47% of the stock is currently owned by company insiders.

TMUS has been the topic of several research analyst reports. Royal Bank of Canada increased their price objective on T-Mobile Us from $94.00 to $110.00 in a research note on Monday, June 1st. Nomura Instinet increased their price target on T-Mobile Us from $102.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. KeyCorp lifted their price objective on T-Mobile Us from $104.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Oppenheimer reiterated a “hold” rating on shares of T-Mobile Us in a report on Friday, May 1st. Finally, Raymond James restated an “outperform” rating and issued a $105.00 price target (up previously from $99.00) on shares of T-Mobile Us in a report on Friday, May 22nd. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. T-Mobile Us has an average rating of “Buy” and an average price target of $108.25.

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 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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