T-Mobile US, Inc. (TMUS) Shares Bought by Trexquant Investment LP
Trexquant Investment LP boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 651.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 32,300 shares of the Wireless communications provider’s stock after buying an additional 28,000 shares during the period. T-Mobile US makes up 0.5% of Trexquant Investment LP’s portfolio, making the stock its 6th largest position. Trexquant Investment LP’s holdings in T-Mobile US were worth $1,958,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in TMUS. BlackRock Inc. increased its position in shares of T-Mobile US by 3,998.0% in the first quarter. BlackRock Inc. now owns 13,832,340 shares of the Wireless communications provider’s stock valued at $893,431,000 after buying an additional 13,494,802 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of T-Mobile US during the first quarter valued at approximately $298,008,000. Paulson & CO. Inc. acquired a new position in shares of T-Mobile US during the first quarter valued at approximately $267,409,000. OZ Management LP acquired a new position in shares of T-Mobile US during the first quarter valued at approximately $82,521,000. Finally, Harbour Capital Advisors LLC increased its position in shares of T-Mobile US by 5,817.2% in the second quarter. Harbour Capital Advisors LLC now owns 1,201,792 shares of the Wireless communications provider’s stock valued at $19,825,000 after buying an additional 1,181,482 shares during the period. 35.89% of the stock is currently owned by hedge funds and other institutional investors.
T-Mobile US, Inc. (NASDAQ TMUS) traded up 0.02% during trading on Friday, hitting $63.00. The stock had a trading volume of 1,419,593 shares. T-Mobile US, Inc. has a 12-month low of $44.35 and a 12-month high of $68.88. The stock’s 50 day moving average price is $62.21 and its 200 day moving average price is $63.64. The firm has a market cap of $52.36 billion, a P/E ratio of 26.69 and a beta of 0.49.
T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.29. The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $9.82 billion. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 EPS. On average, analysts anticipate that T-Mobile US, Inc. will post $2.29 EPS for the current fiscal year.
TMUS has been the topic of several research analyst reports. Goldman Sachs Group, Inc. (The) raised T-Mobile US from a “buy” rating to a “conviction-buy” rating and dropped their price target for the stock from $81.00 to $65.72 in a research report on Friday, May 19th. Deutsche Bank AG restated a “hold” rating and set a $70.00 price objective (up from $69.00) on shares of T-Mobile US in a research note on Friday, July 14th. Jefferies Group LLC upped their price objective on T-Mobile US from $71.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Zacks Investment Research upgraded T-Mobile US from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. Finally, Wells Fargo & Company restated an “outperform” rating on shares of T-Mobile US in a research note on Wednesday, April 26th. Eleven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. T-Mobile US presently has an average rating of “Buy” and a consensus target price of $68.82.
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