Artemis Investment Management LLP Has $11.77 Million Position in T-Mobile Us Inc (TMUS)
Artemis Investment Management LLP increased its position in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 4,796.4% in the third quarter, HoldingsChannel reports. The firm owned 167,701 shares of the Wireless communications provider’s stock after acquiring an additional 164,276 shares during the quarter. Artemis Investment Management LLP’s holdings in T-Mobile Us were worth $11,770,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the stock. Xact Kapitalforvaltning AB lifted 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 purchasing an additional 5,518 shares in the last quarter. Westpac Banking Corp lifted 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 purchasing an additional 6,362 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in T-Mobile Us during the 2nd quarter worth about $4,974,000. Cornerstone Wealth Management LLC purchased a new stake in T-Mobile Us during the 2nd quarter worth about $277,000. Finally, Sumitomo Life Insurance Co. raised its holdings in shares of T-Mobile Us by 9.9% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 32,749 shares of the Wireless communications provider’s stock valued at $1,957,000 after acquiring an additional 2,947 shares in the last quarter. Hedge funds and other institutional investors own 32.64% of the company’s stock.
Shares of T-Mobile Us stock opened at $66.78 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.74 and a current ratio of 0.85. The stock has a market cap of $57.69 billion, a PE ratio of 29.16, a PEG ratio of 2.25 and a beta of 0.39. T-Mobile Us Inc has a 12 month low of $55.09 and a 12 month high of $70.94.
Several research firms have weighed in on TMUS. Macquarie reaffirmed a “buy” rating on shares of T-Mobile Us in a report on Wednesday. BidaskClub raised T-Mobile Us from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Guggenheim raised their price target on T-Mobile Us from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, September 27th. ValuEngine raised T-Mobile Us from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, Societe Generale reaffirmed a “buy” rating and issued a $71.00 price target on shares of T-Mobile Us in a report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and three have 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 $73.13.
In other news, CFO J Braxton Carter II sold 15,000 shares of the stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $68.93, for a total transaction of $1,033,950.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO G Michael Sievert sold 10,622 shares of the stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $65.79, for a total value of $698,821.38. Following the transaction, the chief operating officer now owns 452,478 shares in the company, valued at $29,768,527.62. The disclosure for this sale can be found here. Insiders have sold a total of 94,814 shares of company stock worth $6,579,495 over the last quarter. Corporate insiders own 0.37% of the company’s stock.
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 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.
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