T-Mobile US Inc. (TMUS) Stake Reduced by Atalanta Sosnoff Capital LLC
Atalanta Sosnoff Capital LLC cut its stake in shares of T-Mobile US Inc. (NASDAQ:TMUS) by 5.8% during the second quarter, Holdings Channel reports. The institutional investor owned 334,555 shares of the company’s stock after selling 20,635 shares during the period. Atalanta Sosnoff Capital LLC’s holdings in T-Mobile US were worth $14,476,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $138,430,000. Jericho Capital Asset Management L.P. purchased a new stake in shares of T-Mobile US during the first quarter valued at approximately $71,966,000. Junto Capital Management LP purchased a new stake in shares of T-Mobile US during the first quarter valued at approximately $31,310,000. NN Investment Partners Holdings N.V. purchased a new stake in shares of T-Mobile US during the first quarter valued at approximately $29,029,000. Finally, Sadoff Investment Management LLC increased its stake in shares of T-Mobile US by 1,100.9% in the second quarter. Sadoff Investment Management LLC now owns 816,826 shares of the company’s stock valued at $35,344,000 after buying an additional 748,810 shares in the last quarter. Institutional investors own 34.18% of the company’s stock.
T-Mobile US Inc. (NASDAQ:TMUS) traded down 3.11% during mid-day trading on Tuesday, reaching $44.50. The company had a trading volume of 5,297,663 shares. The firm’s 50-day moving average is $46.55 and its 200-day moving average is $42.51. T-Mobile US Inc. has a one year low of $33.23 and a one year high of $48.11. The firm has a market capitalization of $36.61 billion, a P/E ratio of 34.23 and a beta of 0.76.
T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 27th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. T-Mobile US had a return on equity of 6.77% and a net margin of 3.36%. The firm had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the previous year, the business posted $0.42 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities research analysts anticipate that T-Mobile US Inc. will post $1.31 earnings per share for the current fiscal year.
TMUS has been the topic of several recent analyst reports. Morgan Stanley restated an “overweight” rating on shares of T-Mobile US in a research note on Wednesday, June 29th. Buckingham Research upped their price target on shares of T-Mobile US from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, August 25th. Vetr downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $48.53 price target on the stock. in a research report on Monday, September 5th. Argus reiterated a “buy” rating and set a $56.00 price target (up previously from $49.00) on shares of T-Mobile US in a research report on Thursday, August 4th. Finally, Zacks Investment Research downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating in a research report on Friday, July 22nd. Ten investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $48.78.
In other T-Mobile US news, CFO J Braxton Carter II sold 50,000 shares of T-Mobile US stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $47.95, for a total value of $2,397,500.00. Following the transaction, the chief financial officer now owns 239,971 shares in the company, valued at $11,506,609.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas Christopher Keys sold 14,700 shares of T-Mobile US stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $47.11, for a total value of $692,517.00. Following the sale, the insider now directly owns 355,876 shares in the company, valued at $16,765,318.36. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.
About T-Mobile US
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