Artemis Investment Management LLP Sells 133,537 Shares of T-Mobile Us Inc (NASDAQ:TMUS)

Artemis Investment Management LLP trimmed its holdings in T-Mobile Us Inc (NASDAQ:TMUS) by 16.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 665,530 shares of the Wireless communications provider’s stock after selling 133,537 shares during the period. Artemis Investment Management LLP owned 0.08% of T-Mobile Us worth $52,318,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TMUS. Capital Investment Advisory Services LLC grew its position in T-Mobile Us by 272.8% in the second quarter. Capital Investment Advisory Services LLC now owns 343 shares of the Wireless communications provider’s stock worth $27,000 after acquiring an additional 251 shares in the last quarter. Coastal Capital Group Inc. acquired a new stake in shares of T-Mobile Us in the second quarter worth $53,000. Alera Investment Advisors LLC acquired a new stake in shares of T-Mobile Us in the first quarter worth $56,000. Tower Research Capital LLC TRC lifted its stake in shares of T-Mobile Us by 189.2% in the second quarter. Tower Research Capital LLC TRC now owns 749 shares of the Wireless communications provider’s stock worth $56,000 after buying an additional 490 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in shares of T-Mobile Us in the second quarter worth $57,000. 33.06% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on TMUS shares. William Blair restated an “outperform” rating on shares of T-Mobile Us in a research note on Monday, July 29th. Oppenheimer restated a “market perform” rating on shares of T-Mobile Us in a research note on Tuesday, August 27th. Raymond James boosted their price objective on shares of T-Mobile Us from $86.00 to $94.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, August 6th. Wells Fargo & Co boosted their price objective on shares of T-Mobile Us from $82.00 to $98.00 and gave the stock a “positive” rating in a research note on Monday, July 29th. Finally, BidaskClub cut shares of T-Mobile Us from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $90.00.

NASDAQ:TMUS traded up $0.10 during trading hours on Thursday, hitting $77.89. 95,290 shares of the company traded hands, compared to its average volume of 2,688,525. The stock has a market capitalization of $67.06 billion, a price-to-earnings ratio of 23.29, a P/E/G ratio of 1.45 and a beta of 0.41. T-Mobile Us Inc has a twelve month low of $59.96 and a twelve month high of $85.22. The firm has a 50-day moving average of $78.39 and a 200 day moving average of $76.17. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 1.43.

T-Mobile Us (NASDAQ:TMUS) last released its earnings results on Thursday, July 25th. The Wireless communications provider reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.30. The firm had revenue of $10.98 billion during the quarter, compared to analysts’ expectations of $11.14 billion. T-Mobile Us had a net margin of 7.40% and a return on equity of 13.89%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 EPS. Equities research analysts predict that T-Mobile Us Inc will post 4.39 earnings per share for the current fiscal year.

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

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