Barings LLC Cuts Position in T-Mobile US, Inc. (TMUS)
Barings LLC lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 25.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,450 shares of the Wireless communications provider’s stock after selling 9,800 shares during the quarter. Barings LLC’s holdings in T-Mobile US were worth $1,816,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of TMUS. Rational Advisors LLC acquired a new stake in shares of T-Mobile US during the 3rd quarter worth approximately $105,000. Barrett Asset Management LLC acquired a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $110,000. Smithfield Trust Co. grew its stake in shares of T-Mobile US by 1,513.6% during the 2nd quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock worth $115,000 after purchasing an additional 1,786 shares during the period. Opera Trading Capital acquired a new stake in shares of T-Mobile US during the 3rd quarter worth approximately $154,000. Finally, Proficio Capital Partners LLC grew its stake in shares of T-Mobile US by 54.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 2,463 shares of the Wireless communications provider’s stock worth $157,000 after purchasing an additional 871 shares during the period. Institutional investors own 34.97% of the company’s stock.
Shares of T-Mobile US, Inc. (NASDAQ TMUS) opened at $60.90 on Friday. T-Mobile US, Inc. has a one year low of $53.83 and a one year high of $68.88. The stock has a market cap of $50,808.05, a price-to-earnings ratio of 27.63, a P/E/G ratio of 1.14 and a beta of 0.29. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 1.50.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. The firm had revenue of $10.02 billion for the quarter, compared to analysts’ expectations of $10.01 billion. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 EPS. equities analysts expect that T-Mobile US, Inc. will post 2.41 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on the stock. Moffett Nathanson reaffirmed a “neutral” rating on shares of T-Mobile US in a research note on Thursday, October 12th. BidaskClub raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $76.00 price objective on shares of T-Mobile US in a research note on Tuesday, October 3rd. Jefferies Group reaffirmed a “top pick” rating and set a $62.78 price objective (down previously from $72.00) on shares of T-Mobile US in a research note on Tuesday. Finally, KeyCorp reaffirmed an “overweight” rating and set a $72.00 price objective on shares of T-Mobile US in a research note on Saturday, September 16th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $69.34.
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T-Mobile US 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.
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