Global Thematic Partners LLC Reduces Position in T-Mobile Us Inc (TMUS)

Global Thematic Partners LLC lowered its stake in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,869 shares of the Wireless communications provider’s stock after selling 1,036 shares during the quarter. Global Thematic Partners LLC’s holdings in T-Mobile Us were worth $9,595,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TMUS. FMR LLC increased its holdings in T-Mobile Us by 11.3% in the 4th quarter. FMR LLC now owns 21,871,216 shares of the Wireless communications provider’s stock valued at $1,391,228,000 after buying an additional 2,227,123 shares during the period. Vanguard Group Inc increased its holdings in T-Mobile Us by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 16,471,906 shares of the Wireless communications provider’s stock valued at $1,156,000,000 after buying an additional 132,709 shares during the period. Norges Bank bought a new stake in T-Mobile Us in the 4th quarter valued at $627,109,000. DNB Asset Management AS increased its holdings in T-Mobile Us by 12.5% in the 1st quarter. DNB Asset Management AS now owns 4,097,879 shares of the Wireless communications provider’s stock valued at $283,163,000 after buying an additional 455,147 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in T-Mobile Us by 4.4% in the 4th quarter. Bank of New York Mellon Corp now owns 3,734,202 shares of the Wireless communications provider’s stock valued at $237,532,000 after buying an additional 157,979 shares during the period. 33.96% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on TMUS shares. BTIG Research boosted their price target on shares of T-Mobile Us to $91.00 and gave the company a “buy” rating in a report on Friday, January 18th. BidaskClub lowered shares of T-Mobile Us from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Zacks Investment Research lowered shares of T-Mobile Us from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 10th. HSBC reissued a “buy” rating and issued a $76.00 price target on shares of T-Mobile Us in a report on Monday, January 14th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $76.00 price target on shares of T-Mobile Us in a report on Thursday, February 7th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $79.21.

Shares of TMUS traded up $0.84 during trading hours on Thursday, hitting $73.00. The stock had a trading volume of 2,535,573 shares, compared to its average volume of 3,528,007. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.70 and a current ratio of 0.81. T-Mobile Us Inc has a 52 week low of $55.09 and a 52 week high of $74.06. The firm has a market cap of $61.35 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 2.98 and a beta of 0.43.

T-Mobile Us (NASDAQ:TMUS) last posted its earnings results on Thursday, February 7th. The Wireless communications provider reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.06. T-Mobile Us had a net margin of 6.67% and a return on equity of 12.12%. The business had revenue of $11.45 billion for the quarter, compared to analyst estimates of $11.38 billion. During the same quarter in the prior year, the firm earned $3.11 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that T-Mobile Us Inc will post 3.99 EPS for the current fiscal year.

In other news, EVP Elizabeth A. Mcauliffe sold 2,250 shares of the company’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $69.52, for a total value of $156,420.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO G Michael Sievert sold 4,766 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $73.58, for a total transaction of $350,682.28. Following the completion of the sale, the chief operating officer now directly owns 543,391 shares in the company, valued at approximately $39,982,709.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,244 shares of company stock worth $4,242,113. 0.37% of the stock is owned by insiders.

ILLEGAL ACTIVITY NOTICE: This report was first published by WKRB News and is owned by of WKRB News. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://www.wkrb13.com/2019/04/11/global-thematic-partners-llc-reduces-position-in-t-mobile-us-inc-tmus.html.

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 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.

Read More: NASDAQ Stock Market Explained

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile Us Inc (NASDAQ:TMUS).

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

Receive News & Ratings for T-Mobile Us Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile Us and related companies with MarketBeat.com's FREE daily email newsletter.