Russell Investments Group Ltd. lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 10.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 615,591 shares of the Wireless communications provider’s stock after selling 68,424 shares during the period. Russell Investments Group Ltd. owned about 0.07% of T-Mobile US worth $37,322,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of TMUS. BlackRock Inc. raised its position in shares of T-Mobile US by 3,998.0% in the first quarter. BlackRock Inc. now owns 13,832,340 shares of the Wireless communications provider’s stock worth $893,431,000 after buying an additional 13,494,802 shares during the period. Marshall Wace North America L.P. bought a new position in shares of T-Mobile US during the first quarter valued at $298,008,000. Paulson & CO. Inc. bought a new position in shares of T-Mobile US during the first quarter valued at $267,409,000. OZ Management LP bought a new position in shares of T-Mobile US during the first quarter valued at $82,521,000. Finally, MARSHALL WACE ASIA Ltd bought a new position in shares of T-Mobile US during the first quarter valued at $75,118,000. Institutional investors and hedge funds own 35.89% of the company’s stock.
T-Mobile US, Inc. (TMUS) traded up 0.02% during midday trading on Friday, reaching $63.00. 1,419,593 shares of the company were exchanged. The firm has a market cap of $52.36 billion, a P/E ratio of 26.69 and a beta of 0.49. The firm’s 50-day moving average is $62.21 and its 200-day moving average is $63.64. T-Mobile US, Inc. has a one year low of $44.35 and a one year high of $68.88.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.29. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The firm had revenue of $10.21 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same period last year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities analysts expect that T-Mobile US, Inc. will post $2.29 EPS for the current fiscal year.
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Several research analysts have weighed in on TMUS shares. Macquarie upped their target price on shares of T-Mobile US from $65.00 to $67.00 and gave the stock a “hold” rating in a research report on Tuesday, April 25th. Nomura restated a “hold” rating and set a $65.00 target price on shares of T-Mobile US in a research report on Tuesday, April 25th. Cowen and Company upped their price target on shares of T-Mobile US from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) raised shares of T-Mobile US from a “buy” rating to a “conviction-buy” rating and reduced their price target for the company from $81.00 to $65.72 in a report on Friday, May 19th. Finally, Pacific Crest upped their price target on shares of T-Mobile US from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 26th. Eleven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $68.82.
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