Hartford Investment Management Co. Acquires New Position in T-Mobile US Inc. (TMUS)
Hartford Investment Management Co. bought a new stake in shares of T-Mobile US Inc. (NASDAQ:TMUS) during the second quarter, Holdings Channel reports. The fund bought 4,930 shares of the company’s stock, valued at approximately $213,000.
Several other institutional investors have also recently bought and sold shares of TMUS. Creative Planning boosted its position in T-Mobile US by 45.2% in the second quarter. Creative Planning now owns 2,970 shares of the company’s stock valued at $129,000 after buying an additional 924 shares in the last quarter. Invictus RG boosted its position in T-Mobile US by 330.4% in the first quarter. Invictus RG now owns 3,641 shares of the company’s stock valued at $139,000 after buying an additional 2,795 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in T-Mobile US during the first quarter valued at about $210,000. Landscape Capital Management L.L.C. purchased a new position in T-Mobile US during the first quarter valued at about $227,000. Finally, First Quadrant L P CA boosted its position in T-Mobile US by 31.0% in the second quarter. First Quadrant L P CA now owns 5,500 shares of the company’s stock valued at $238,000 after buying an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 34.18% of the company’s stock.
Shares of T-Mobile US Inc. (NASDAQ:TMUS) traded down 1.34% during trading on Friday, reaching $46.55. 5,424,619 shares of the company’s stock traded hands. The company has a 50 day moving average price of $46.56 and a 200 day moving average price of $42.23. The stock has a market capitalization of $38.30 billion, a PE ratio of 35.81 and a beta of 0.76. T-Mobile US Inc. has a 1-year low of $33.23 and a 1-year high of $48.11.
T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 27th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05. T-Mobile US had a return on equity of 6.77% and a net margin of 3.36%. The business earned $9.20 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the previous year, the business earned $0.42 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities analysts forecast that T-Mobile US Inc. will post $1.31 EPS for the current fiscal year.
Several research firms recently issued reports on TMUS. Morgan Stanley reiterated an “overweight” rating on shares of T-Mobile US in a research note on Wednesday, June 29th. Jefferies Group reissued a “buy” rating and issued a $45.00 price target on shares of T-Mobile US in a report on Wednesday, June 8th. Buckingham Research boosted their price target on shares of T-Mobile US from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, August 25th. Barclays PLC boosted their price target on shares of T-Mobile US from $49.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, July 28th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $51.00 price target on shares of T-Mobile US in a report on Sunday, August 21st. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. T-Mobile US presently has an average rating of “Buy” and an average price target of $48.60.
In other news, insider Thomas Christopher Keys sold 14,700 shares of the business’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $47.11, for a total transaction of $692,517.00. Following the completion of the sale, the insider now owns 355,876 shares in the company, valued at approximately $16,765,318.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David A. Miller sold 10,000 shares of the business’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $44.00, for a total value of $440,000.00. Following the sale, the executive vice president now owns 119,816 shares of the company’s stock, valued at approximately $5,271,904. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.
T-Mobile US Company Profile
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