SeaTown Holdings Pte. Ltd. Sells 293,028 Shares of T-Mobile Us Inc (NASDAQ:TMUS)
SeaTown Holdings Pte. Ltd. reduced its position in T-Mobile Us Inc (NASDAQ:TMUS) by 78.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 80,788 shares of the Wireless communications provider’s stock after selling 293,028 shares during the period. SeaTown Holdings Pte. Ltd.’s holdings in T-Mobile Us were worth $5,990,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMUS. Sandy Spring Bank acquired a new stake in shares of T-Mobile Us in the 1st quarter valued at $30,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of T-Mobile Us in the 1st quarter valued at $45,000. Bremer Bank National Association acquired a new stake in shares of T-Mobile Us in the 1st quarter valued at $51,000. Coastal Capital Group Inc. acquired a new stake in shares of T-Mobile Us in the 2nd quarter valued at $53,000. Finally, Alera Investment Advisors LLC acquired a new stake in shares of T-Mobile Us in the 1st quarter valued at $56,000. 32.67% of the stock is owned by institutional investors.
In other T-Mobile Us news, COO G Michael Sievert sold 9,324 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $75.50, for a total value of $703,962.00. Following the completion of the transaction, the chief operating officer now directly owns 533,965 shares of the company’s stock, valued at $40,314,357.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by insiders.
T-Mobile Us (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, July 25th. The Wireless communications provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.30. T-Mobile Us had a return on equity of 13.89% and a net margin of 7.40%. The business had revenue of $10.98 billion during the quarter, compared to analysts’ expectations of $11.14 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, analysts expect that T-Mobile Us Inc will post 4.19 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on TMUS shares. HSBC set a $85.00 target price on T-Mobile Us and gave the company a “buy” rating in a research note on Monday, June 3rd. William Blair reissued an “outperform” rating on shares of T-Mobile Us in a research note on Monday, July 29th. Wells Fargo & Co lifted their target price on T-Mobile Us from $82.00 to $98.00 and gave the company a “positive” rating in a research note on Monday, July 29th. KeyCorp lifted their target price on T-Mobile Us from $76.00 to $88.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Finally, Barclays reissued a “buy” rating and issued a $93.00 target price on shares of T-Mobile Us in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $89.55.
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 79.7 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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