Private Capital Group LLC decreased its holdings in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 56.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,603 shares of the Wireless communications provider’s stock after selling 2,105 shares during the period. Private Capital Group LLC’s holdings in T-Mobile Us were worth $96,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Investment Advisory Services LLC lifted its stake in T-Mobile Us by 272.8% during the second quarter. Capital Investment Advisory Services LLC now owns 343 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 251 shares during the period. Bremer Bank National Association acquired a new stake in shares of T-Mobile Us during the first quarter worth approximately $51,000. Coastal Capital Group Inc. acquired a new stake in shares of T-Mobile Us during the second quarter worth approximately $53,000. Alera Investment Advisors LLC acquired a new stake in shares of T-Mobile Us during the first quarter worth approximately $56,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of T-Mobile Us by 189.2% during the second quarter. Tower Research Capital LLC TRC now owns 749 shares of the Wireless communications provider’s stock worth $56,000 after buying an additional 490 shares in the last quarter. Hedge funds and other institutional investors own 33.06% of the company’s stock.
Shares of T-Mobile Us stock traded up $0.93 during midday trading on Monday, reaching $78.49. The company had a trading volume of 80,272 shares, compared to its average volume of 2,427,737. 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 company has a market capitalization of $66.27 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 1.46 and a beta of 0.42. The stock has a fifty day simple moving average of $78.36 and a 200 day simple moving average of $75.85. T-Mobile Us Inc has a 1-year low of $59.96 and a 1-year high of $85.22.
T-Mobile Us (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, July 25th. The Wireless communications provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.30. The business had revenue of $10.98 billion during the quarter, compared to analyst estimates of $11.14 billion. T-Mobile Us had a net margin of 7.40% and a return on equity of 13.89%. T-Mobile Us’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 earnings per share. Sell-side analysts expect that T-Mobile Us Inc will post 4.38 earnings per share for the current year.
Several analysts have recently weighed in on the stock. HSBC set a $85.00 price objective on shares of T-Mobile Us and gave the stock a “buy” rating in a report on Monday, June 3rd. ValuEngine raised shares of T-Mobile Us from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. Royal Bank of Canada set a $87.00 price objective on shares of T-Mobile Us and gave the stock a “buy” rating in a report on Monday, August 5th. Wells Fargo & Co raised their price objective on shares of T-Mobile Us from $82.00 to $98.00 and gave the stock a “positive” rating in a report on Monday, July 29th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of T-Mobile Us in a report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, three 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 a consensus rating of “Buy” and a consensus price target of $90.00.
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.
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