Harvest Management LLC Invests $458,000 in T-Mobile Us Inc (TMUS)

Harvest Management LLC acquired a new stake in shares of T-Mobile Us Inc (NASDAQ:TMUS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,526 shares of the Wireless communications provider’s stock, valued at approximately $458,000.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. boosted its position in T-Mobile Us by 2.2% during the second quarter. BlackRock Inc. now owns 15,091,550 shares of the Wireless communications provider’s stock valued at $901,718,000 after purchasing an additional 323,027 shares in the last quarter. Morgan Stanley boosted its position in T-Mobile Us by 44.5% during the second quarter. Morgan Stanley now owns 5,782,115 shares of the Wireless communications provider’s stock valued at $345,483,000 after purchasing an additional 1,781,530 shares in the last quarter. Paulson & CO. Inc. boosted its position in T-Mobile Us by 2.7% during the second quarter. Paulson & CO. Inc. now owns 3,902,560 shares of the Wireless communications provider’s stock valued at $233,178,000 after purchasing an additional 102,560 shares in the last quarter. Northern Trust Corp boosted its position in T-Mobile Us by 2.5% during the second quarter. Northern Trust Corp now owns 2,585,959 shares of the Wireless communications provider’s stock valued at $154,512,000 after purchasing an additional 62,311 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in T-Mobile Us by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,494,754 shares of the Wireless communications provider’s stock valued at $149,065,000 after purchasing an additional 49,781 shares in the last quarter. 32.64% of the stock is currently owned by institutional investors.

In other news, EVP David A. Miller sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $70.00, for a total value of $350,000.00. Following the completion of the transaction, the executive vice president now directly owns 117,523 shares in the company, valued at $8,226,610. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO J Braxton Carter II sold 15,000 shares of the firm’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $68.93, for a total value of $1,033,950.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 94,814 shares of company stock valued at $6,579,495. Company insiders own 0.37% of the company’s stock.

Several equities research analysts have weighed in on TMUS shares. Guggenheim started coverage on T-Mobile Us in a report on Thursday, November 1st. They issued a “buy” rating for the company. Moffett Nathanson reissued a “buy” rating on shares of T-Mobile Us in a report on Wednesday, October 31st. Nomura raised their price target on T-Mobile Us from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 31st. BidaskClub downgraded T-Mobile Us from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Finally, Wells Fargo & Co raised their price target on T-Mobile Us from $77.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the stock. T-Mobile Us has a consensus rating of “Buy” and an average target price of $73.13.

Shares of NASDAQ TMUS opened at $68.68 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.85 and a quick ratio of 0.74. The stock has a market capitalization of $59.68 billion, a price-to-earnings ratio of 29.99, a price-to-earnings-growth ratio of 2.34 and a beta of 0.39. T-Mobile Us Inc has a fifty-two week low of $55.09 and a fifty-two week high of $70.94.

T-Mobile Us (NASDAQ:TMUS) last announced its quarterly earnings data on Tuesday, October 30th. The Wireless communications provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.08. T-Mobile Us had a return on equity of 11.44% and a net margin of 11.63%. The firm had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.73 billion. During the same period last year, the business posted $0.63 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities analysts anticipate that T-Mobile Us Inc will post 3.31 earnings per share for the current year.

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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 United States Virgin Islands. The company offers voice, messaging, and data services to 72.6 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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Institutional Ownership by Quarter for T-Mobile Us (NASDAQ:TMUS)

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