Stevens Capital Management LP Invests $16.05 Million in T-Mobile US, Inc. (TMUS)
Stevens Capital Management LP bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 264,728 shares of the Wireless communications provider’s stock, valued at approximately $16,048,000. T-Mobile US accounts for about 0.6% of Stevens Capital Management LP’s portfolio, making the stock its 26th biggest position.
Several other institutional investors and hedge funds have also recently made changes to their positions in TMUS. LS Investment Advisors LLC raised its stake in shares of T-Mobile US by 7.0% in the first quarter. LS Investment Advisors LLC now owns 3,846 shares of the Wireless communications provider’s stock valued at $248,000 after acquiring an additional 250 shares during the period. World Asset Management Inc grew its holdings in shares of T-Mobile US by 15.7% in the first quarter. World Asset Management Inc now owns 12,704 shares of the Wireless communications provider’s stock worth $821,000 after purchasing an additional 1,725 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of T-Mobile US by 6.2% in the first quarter. UBS Asset Management Americas Inc. now owns 3,090,001 shares of the Wireless communications provider’s stock worth $199,583,000 after purchasing an additional 180,437 shares during the last quarter. Sei Investments Co. grew its holdings in shares of T-Mobile US by 2.1% in the first quarter. Sei Investments Co. now owns 109,578 shares of the Wireless communications provider’s stock worth $7,077,000 after purchasing an additional 2,216 shares during the last quarter. Finally, Trexquant Investment LP grew its holdings in shares of T-Mobile US by 16.2% in the first quarter. Trexquant Investment LP now owns 4,300 shares of the Wireless communications provider’s stock worth $278,000 after purchasing an additional 600 shares during the last quarter. 34.72% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently commented on TMUS shares. Goldman Sachs Group, Inc. (The) upgraded shares of T-Mobile US from a “buy” rating to a “conviction-buy” rating and cut their price target for the stock from $81.00 to $65.72 in a report on Friday, May 19th. Deutsche Bank AG restated a “hold” rating and issued a $70.00 price target (up from $69.00) on shares of T-Mobile US in a report on Friday, July 14th. Zacks Investment Research upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Barclays PLC restated an “overweight” rating and issued a $73.00 price target (up from $70.00) on shares of T-Mobile US in a report on Saturday, July 22nd. Finally, UBS AG restated a “buy” rating and issued a $80.00 price target on shares of T-Mobile US in a report on Saturday, July 22nd. Twelve equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $70.15.
T-Mobile US, Inc. (NASDAQ TMUS) remained flat at $61.17 during trading on Friday. The company had a trading volume of 5,597,554 shares. The firm has a market cap of $50.84 billion, a PE ratio of 25.92 and a beta of 0.47. T-Mobile US, Inc. has a one year low of $44.49 and a one year high of $68.88. The firm’s 50 day moving average price is $63.38 and its 200-day moving average price is $63.83.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $9.82 billion. During the same quarter in the prior year, the business earned $0.25 earnings per share. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that T-Mobile US, Inc. will post $2.29 EPS for the current fiscal year.
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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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