Oakview Capital Management L.P. Acquires Shares of 265,006 T-Mobile US, Inc. (TMUS)

Oakview Capital Management L.P. acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 265,006 shares of the Wireless communications provider’s stock, valued at approximately $16,340,000. T-Mobile US comprises about 7.8% of Oakview Capital Management L.P.’s portfolio, making the stock its 6th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its stake in T-Mobile US by 12,230.1% in the second quarter. Janus Henderson Group PLC now owns 4,479,412 shares of the Wireless communications provider’s stock valued at $271,542,000 after buying an additional 4,443,083 shares in the last quarter. Capital World Investors raised its holdings in shares of T-Mobile US by 158.7% in the second quarter. Capital World Investors now owns 3,867,024 shares of the Wireless communications provider’s stock valued at $234,419,000 after purchasing an additional 2,372,024 shares during the last quarter. Paulson & CO. Inc. raised its holdings in shares of T-Mobile US by 46.1% in the second quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock valued at $366,793,000 after purchasing an additional 1,910,600 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of T-Mobile US by 3,877.3% in the second quarter. Prudential Financial Inc. now owns 1,587,360 shares of the Wireless communications provider’s stock valued at $96,226,000 after purchasing an additional 1,547,450 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of T-Mobile US by 10.9% in the second quarter. BlackRock Inc. now owns 15,334,976 shares of the Wireless communications provider’s stock valued at $929,608,000 after purchasing an additional 1,502,636 shares during the last quarter. 34.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) opened at $60.90 on Monday. T-Mobile US, Inc. has a 52-week low of $53.83 and a 52-week high of $68.88. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92. The firm has a market cap of $50,666.61, a PE ratio of 27.56, a P/E/G ratio of 1.13 and a beta of 0.29.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.17. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The business had revenue of $10.02 billion during the quarter, compared to analysts’ expectations of $10.01 billion. During the same quarter in the prior year, the business posted $0.27 earnings per share. T-Mobile US’s revenue was up 7.7% compared to the same quarter last year. analysts expect that T-Mobile US, Inc. will post 2.41 EPS for the current fiscal year.

A number of analysts have recently issued reports on the stock. Jefferies Group reiterated a “top pick” rating and issued a $62.78 price objective (down from $72.00) on shares of T-Mobile US in a report on Tuesday, November 28th. Moffett Nathanson upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating in a report on Monday, November 27th. HSBC upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. Deutsche Bank upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating and boosted their target price for the stock from $56.22 to $65.00 in a report on Thursday, November 9th. Finally, BidaskClub downgraded shares of T-Mobile US from a “sell” rating to a “strong sell” rating in a report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. T-Mobile US currently has a consensus rating of “Buy” and a consensus target price of $69.34.

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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 U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 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.

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

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