Sadoff Investment Management LLC Decreases Stake in T-Mobile US Inc. (TMUS)
Sadoff Investment Management LLC lowered its stake in shares of T-Mobile US Inc. (NASDAQ:TMUS) by 0.5% during the third quarter, Holdings Channel reports. The firm owned 812,590 shares of the company’s stock after selling 4,236 shares during the period. T-Mobile US comprises 4.2% of Sadoff Investment Management LLC’s portfolio, making the stock its 3rd largest position. Sadoff Investment Management LLC’s holdings in T-Mobile US were worth $37,964,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Glenmede Trust Co. NA acquired a new stake in T-Mobile US during the first quarter valued at approximately $788,000. Aperio Group LLC boosted its stake in T-Mobile US by 3.1% in the first quarter. Aperio Group LLC now owns 95,769 shares of the company’s stock valued at $3,668,000 after buying an additional 2,890 shares during the period. BlackRock Inc. boosted its stake in T-Mobile US by 11.2% in the first quarter. BlackRock Inc. now owns 320,082 shares of the company’s stock valued at $12,260,000 after buying an additional 32,131 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in T-Mobile US by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 6,865,391 shares of the company’s stock valued at $262,944,000 after buying an additional 160,125 shares during the period. Finally, NN Investment Partners Holdings N.V. acquired a new stake in T-Mobile US during the first quarter valued at approximately $29,029,000. 34.17% of the stock is currently owned by institutional investors.
T-Mobile US Inc. (NASDAQ:TMUS) traded down 0.51% during trading on Friday, reaching $45.27. The company’s stock had a trading volume of 2,932,624 shares. The stock has a 50-day moving average of $46.39 and a 200 day moving average of $43.21. 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 $37.25 billion, a P/E ratio of 34.82 and a beta of 0.51.
T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.05. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.03 billion. T-Mobile US had a return on equity of 6.77% and a net margin of 3.36%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 EPS. On average, equities research analysts predict that T-Mobile US Inc. will post $1.32 EPS for the current fiscal year.
Several equities research analysts recently commented on TMUS shares. Citigroup Inc. reaffirmed a “buy” rating and set a $51.00 price objective (up from $47.00) on shares of T-Mobile US in a research report on Monday, June 13th. Nomura downgraded T-Mobile US from a “buy” rating to a “neutral” rating and lowered their target price for the company from $46.00 to $44.00 in a report on Friday, June 24th. Robert W. Baird reissued a “neutral” rating and issued a $42.00 target price on shares of T-Mobile US in a report on Tuesday, June 28th. Morgan Stanley reissued an “overweight” rating on shares of T-Mobile US in a report on Wednesday, June 29th. Finally, Zacks Investment Research raised T-Mobile US from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Tuesday, July 12th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $49.26.
In other news, EVP David A. Miller sold 10,000 shares of the business’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $44.00, for a total value of $440,000.00. Following the completion of the transaction, the executive vice president now owns 119,816 shares of the company’s stock, valued at approximately $5,271,904. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO J Braxton Carter II sold 8,550 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $44.75, for a total value of $382,612.50. Following the completion of the transaction, the chief financial officer now directly owns 189,971 shares of the company’s stock, valued at approximately $8,501,202.25. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.
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