Dorsal Capital Management LLC Increases Stake in T-Mobile Us Inc (TMUS)

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Dorsal Capital Management LLC raised its stake in T-Mobile Us Inc (NASDAQ:TMUS) by 35.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,350,000 shares of the Wireless communications provider’s stock after buying an additional 350,000 shares during the period. T-Mobile Us accounts for 4.1% of Dorsal Capital Management LLC’s holdings, making the stock its 10th largest holding. Dorsal Capital Management LLC owned approximately 0.16% of T-Mobile Us worth $80,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Daiwa Securities Group Inc. lifted its holdings in shares of T-Mobile Us by 64.2% during the first quarter. Daiwa Securities Group Inc. now owns 14,450 shares of the Wireless communications provider’s stock worth $882,000 after purchasing an additional 5,650 shares during the period. Alps Advisors Inc. acquired a new position in shares of T-Mobile Us during the first quarter worth $530,000. New York State Teachers Retirement System lifted its holdings in shares of T-Mobile Us by 11.9% during the first quarter. New York State Teachers Retirement System now owns 19,700 shares of the Wireless communications provider’s stock worth $1,202,000 after purchasing an additional 2,100 shares during the period. Atria Investments LLC lifted its holdings in shares of T-Mobile Us by 89.3% during the first quarter. Atria Investments LLC now owns 6,166 shares of the Wireless communications provider’s stock worth $376,000 after purchasing an additional 2,908 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of T-Mobile Us by 208.3% during the first quarter. SG Americas Securities LLC now owns 47,985 shares of the Wireless communications provider’s stock worth $2,929,000 after purchasing an additional 32,422 shares during the period. Hedge funds and other institutional investors own 33.01% of the company’s stock.

In other T-Mobile Us news, COO G Michael Sievert sold 10,622 shares of T-Mobile Us stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $65.79, for a total value of $698,821.38. Following the completion of the sale, the chief operating officer now directly owns 452,478 shares of the company’s stock, valued at $29,768,527.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Elizabeth A. Mcauliffe sold 4,187 shares of T-Mobile Us stock in a transaction on Wednesday, June 27th. The shares were sold at an average price of $59.58, for a total transaction of $249,461.46. Following the completion of the sale, the executive vice president now directly owns 58,345 shares of the company’s stock, valued at $3,476,195.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,660 shares of company stock worth $6,186,665. 0.37% of the stock is owned by company insiders.

TMUS stock opened at $65.52 on Friday. The firm has a market capitalization of $55.95 billion, a P/E ratio of 28.61, a PEG ratio of 1.28 and a beta of 0.44. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 1.25. T-Mobile Us Inc has a 12-month low of $54.60 and a 12-month high of $66.64.

T-Mobile Us (NASDAQ:TMUS) last released its earnings results on Wednesday, August 1st. The Wireless communications provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. The business had revenue of $10.57 billion for the quarter, compared to analyst estimates of $10.65 billion. T-Mobile Us had a net margin of 11.27% and a return on equity of 10.87%. T-Mobile Us’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 earnings per share. equities analysts anticipate that T-Mobile Us Inc will post 3.18 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on the stock. BidaskClub upgraded shares of T-Mobile Us from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. ValuEngine upgraded shares of T-Mobile Us from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Barclays lowered shares of T-Mobile Us to a “buy” rating in a report on Tuesday. Nomura reiterated a “neutral” rating and set a $68.00 price target on shares of T-Mobile Us in a report on Thursday, August 2nd. Finally, Societe Generale reiterated a “buy” rating and set a $71.00 price target on shares of T-Mobile Us in a report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $71.46.

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

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