Fosun International Ltd bought a new position in T-Mobile Us Inc (NASDAQ:TMUS) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 27,000 shares of the Wireless communications provider’s stock, valued at approximately $1,903,000.

Other hedge funds have also recently modified their holdings of the company. LPL Financial LLC acquired a new stake in shares of T-Mobile Us in the 1st quarter valued at approximately $409,000. Xact Kapitalforvaltning AB raised its holdings in T-Mobile Us by 8.5% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 70,445 shares of the Wireless communications provider’s stock worth $4,209,000 after buying an additional 5,518 shares during the period. Bank of Montreal Can acquired a new stake in T-Mobile Us during the 2nd quarter worth approximately $34,454,000. Westpac Banking Corp raised its holdings in T-Mobile Us by 37.2% during the 2nd quarter. Westpac Banking Corp now owns 23,456 shares of the Wireless communications provider’s stock worth $1,401,000 after buying an additional 6,362 shares during the period. Finally, Amalgamated Bank raised its holdings in T-Mobile Us by 8.7% during the 2nd quarter. Amalgamated Bank now owns 40,211 shares of the Wireless communications provider’s stock worth $2,403,000 after buying an additional 3,224 shares during the period. Institutional investors own 32.64% of the company’s stock.

NASDAQ TMUS opened at $68.00 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.74 and a current ratio of 0.85. T-Mobile Us Inc has a 12-month low of $55.09 and a 12-month high of $70.94. The company has a market capitalization of $58.66 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 2.29 and a beta of 0.39.

T-Mobile Us (NASDAQ:TMUS) last posted its quarterly earnings data on Tuesday, October 30th. The Wireless communications provider reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.08. T-Mobile Us had a net margin of 11.63% and a return on equity of 11.44%. The company had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.73 billion. During the same period last year, the company earned $0.63 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. On average, analysts predict that T-Mobile Us Inc will post 3.32 EPS for the current fiscal year.

In other news, insider Thomas Christopher Keys sold 50,000 shares of T-Mobile Us stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $70.23, for a total value of $3,511,500.00. Following the sale, the insider now directly owns 291,883 shares in the company, valued at $20,498,943.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO J Braxton Carter II sold 15,000 shares of T-Mobile Us stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $68.93, for a total transaction of $1,033,950.00. The disclosure for this sale can be found here. Insiders sold 94,814 shares of company stock worth $6,579,495 over the last quarter. 0.37% of the stock is owned by corporate insiders.

Several analysts have commented on TMUS shares. BidaskClub downgraded shares of T-Mobile Us from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Zacks Investment Research downgraded shares of T-Mobile Us from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Guggenheim raised their target price on shares of T-Mobile Us from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, September 27th. Societe Generale restated a “buy” rating and set a $71.00 target price on shares of T-Mobile Us in a report on Thursday, August 2nd. Finally, Wells Fargo & Co raised their target price on shares of T-Mobile Us from $77.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, October 29th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. T-Mobile Us currently has an average rating of “Buy” and a consensus price target of $73.13.

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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 United States Virgin Islands. The company offers voice, messaging, and data services to 72.6 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.

Further Reading: Return on Equity (ROE)

Institutional Ownership by Quarter for T-Mobile Us (NASDAQ:TMUS)

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