Artemis Investment Management LLP Raises Stake in T-Mobile US, Inc. (TMUS)
Artemis Investment Management LLP boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 27.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 332,393 shares of the Wireless communications provider’s stock after buying an additional 71,158 shares during the period. Artemis Investment Management LLP’s holdings in T-Mobile US were worth $20,146,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its position in 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 worth $893,431,000 after buying an additional 13,494,802 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in T-Mobile US during the first quarter worth about $298,008,000. Paulson & CO. Inc. purchased a new position in T-Mobile US during the first quarter worth about $267,409,000. Prudential Financial Inc. increased its position in T-Mobile US by 3,877.3% in the second quarter. Prudential Financial Inc. now owns 1,587,360 shares of the Wireless communications provider’s stock worth $96,226,000 after buying an additional 1,547,450 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in T-Mobile US by 53.2% in the second quarter. Bank of New York Mellon Corp now owns 3,753,244 shares of the Wireless communications provider’s stock worth $227,522,000 after buying an additional 1,302,683 shares during the last quarter. Institutional investors and hedge funds own 34.72% of the company’s stock.
Shares of T-Mobile US, Inc. (NASDAQ TMUS) opened at 64.71 on Friday. T-Mobile US, Inc. has a 12-month low of $44.35 and a 12-month high of $68.88. The company’s 50-day moving average price is $63.03 and its 200 day moving average price is $63.77. The firm has a market capitalization of $53.78 billion, a PE ratio of 27.42 and a beta of 0.49.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.29. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The business had revenue of $10.21 billion during the quarter, compared to analyst estimates of $9.82 billion. During the same period in the prior year, the company earned $0.25 earnings per share. T-Mobile US’s revenue was up 10.0% compared to the same quarter last year. On average, equities analysts forecast that T-Mobile US, Inc. will post $2.29 earnings per share for the current year.
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A number of research analysts recently issued reports on TMUS shares. Goldman Sachs Group, Inc. (The) upgraded T-Mobile US from a “buy” rating to a “conviction-buy” rating and decreased their price objective for the stock from $81.00 to $65.72 in a report on Friday, May 19th. Deutsche Bank AG reiterated a “hold” rating and set a $70.00 price objective (up from $69.00) on shares of T-Mobile US in a report on Friday, July 14th. Zacks Investment Research upgraded T-Mobile US from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Barclays PLC reiterated an “overweight” rating and set a $73.00 price objective (up from $70.00) on shares of T-Mobile US in a report on Saturday, July 22nd. Finally, UBS AG reiterated a “buy” rating and set a $80.00 price objective on shares of T-Mobile US in a report on Saturday, July 22nd. Eleven research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $70.06.
About T-Mobile US
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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