Riverhead Capital Management LLC acquired a new position in shares of T-Mobile Us Inc (NASDAQ:TMUS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,483 shares of the Wireless communications provider’s stock, valued at approximately $332,000.

Other institutional investors and hedge funds have also modified their holdings of the company. AO Asset Management LP increased its stake in T-Mobile Us by 5.5% in the 1st quarter. AO Asset Management LP now owns 1,020,400 shares of the Wireless communications provider’s stock valued at $70,510,000 after buying an additional 53,400 shares during the period. Tuttle Tactical Management bought a new stake in shares of T-Mobile Us during the 1st quarter worth $1,962,000. Stone Ridge Asset Management LLC boosted its holdings in shares of T-Mobile Us by 6.5% during the 2nd quarter. Stone Ridge Asset Management LLC now owns 13,199 shares of the Wireless communications provider’s stock worth $979,000 after buying an additional 800 shares during the period. OppenheimerFunds Inc. boosted its holdings in shares of T-Mobile Us by 6.7% during the 1st quarter. OppenheimerFunds Inc. now owns 790,466 shares of the Wireless communications provider’s stock worth $54,621,000 after buying an additional 49,344 shares during the period. Finally, FMR LLC boosted its holdings in T-Mobile Us by 11.9% in the 1st quarter. FMR LLC now owns 24,472,941 shares of the Wireless communications provider’s stock valued at $1,691,080,000 after purchasing an additional 2,601,725 shares during the period. 33.14% of the stock is owned by institutional investors and hedge funds.

In related news, COO G Michael Sievert sold 9,324 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $75.50, for a total transaction of $703,962.00. Following the completion of the sale, the chief operating officer now directly owns 533,965 shares of the company’s stock, valued at $40,314,357.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by corporate insiders.

TMUS stock traded down $0.21 during midday trading on Friday, reaching $79.48. 224,931 shares of the company were exchanged, compared to its average volume of 2,039,590. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.62 and a quick ratio of 0.54. The business has a 50-day moving average price of $78.49 and a two-hundred day moving average price of $75.28. T-Mobile Us Inc has a one year low of $59.96 and a one year high of $85.22. The firm has a market capitalization of $68.06 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 1.47 and a beta of 0.42.

T-Mobile Us (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, July 25th. The Wireless communications provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.30. T-Mobile Us had a return on equity of 13.89% and a net margin of 7.40%. The company had revenue of $10.98 billion during the quarter, compared to the consensus estimate of $11.14 billion. During the same quarter in the prior year, the company earned $0.92 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, analysts anticipate that T-Mobile Us Inc will post 4.36 earnings per share for the current fiscal year.

A number of brokerages have weighed in on TMUS. Royal Bank of Canada set a $87.00 price target on shares of T-Mobile Us and gave the company a “buy” rating in a report on Monday, August 5th. UBS Group restated a “buy” rating and issued a $96.00 price objective on shares of T-Mobile Us in a research note on Monday, July 29th. William Blair restated an “outperform” rating on shares of T-Mobile Us in a research note on Monday, July 29th. Barclays restated a “buy” rating and issued a $93.00 price objective on shares of T-Mobile Us in a research note on Monday, July 29th. Finally, Wells Fargo & Co increased their price objective on shares of T-Mobile Us from $82.00 to $98.00 and gave the company a “positive” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. T-Mobile Us presently has a consensus rating of “Buy” and a consensus target price of $89.55.

T-Mobile Us Profile

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.

Further Reading: The limitations of an equal weight rating

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

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