FNY Partners Fund LP Lowers Holdings in T-Mobile US, Inc. (TMUS)
FNY Partners Fund LP lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 60.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,000 shares of the Wireless communications provider’s stock after selling 4,552 shares during the period. FNY Partners Fund LP’s holdings in T-Mobile US were worth $181,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in TMUS. Proficio Capital Partners LLC increased its holdings in T-Mobile US by 23.8% during the 1st quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock worth $108,000 after purchasing an additional 306 shares in the last quarter. Barrett Asset Management LLC bought a new position in T-Mobile US during the 2nd quarter worth about $110,000. Fifth Third Bancorp increased its holdings in T-Mobile US by 64.8% during the 1st quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock worth $112,000 after purchasing an additional 680 shares in the last quarter. Smithfield Trust Co. increased its holdings in T-Mobile US by 1,513.6% during the 2nd quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock worth $115,000 after purchasing an additional 1,786 shares in the last quarter. Finally, D. Scott Neal Inc. bought a new position in T-Mobile US during the 2nd quarter worth about $116,000. Hedge funds and other institutional investors own 34.72% of the company’s stock.
A number of research firms have issued reports on TMUS. Royal Bank Of Canada reiterated a “buy” rating and set a $76.00 target price on shares of T-Mobile US in a report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) began coverage on T-Mobile US in a report on Monday, May 22nd. They set a “buy” rating for the company. Drexel Hamilton began coverage on T-Mobile US in a report on Thursday, June 8th. They set a “buy” rating and a $80.00 target price for the company. BidaskClub upgraded T-Mobile US from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Finally, Cowen and Company reiterated a “buy” rating and set a $70.00 target price on shares of T-Mobile US in a report on Friday, August 25th. Twelve equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. T-Mobile US currently has a consensus rating of “Buy” and a consensus target price of $70.06.
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T-Mobile US, Inc. (TMUS) traded up 0.3896% on Wednesday, reaching $63.2254. 187,113 shares of the company’s stock traded hands. The company’s 50 day moving average is $63.40 and its 200-day moving average is $63.85. T-Mobile US, Inc. has a 52-week low of $44.49 and a 52-week high of $68.88. The stock has a market cap of $52.54 billion, a price-to-earnings ratio of 26.7904 and a beta of 0.47.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.29. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The business had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $9.82 billion. During the same period in the previous year, the company earned $0.25 earnings per share. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts expect that T-Mobile US, Inc. will post $2.29 EPS for the current year.
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 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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