E. Ohman J or Asset Management AB Sells 3,386 Shares of T-Mobile US, Inc. $TMUS

Key Points

• E. Ohman J or Asset Management AB decreased its stake in T-Mobile US, Inc. by 14.9% in Q2, selling 3,386 shares, and now holds 19,333 shares valued at approximately $4.6 million.
• Institutional ownership of T-Mobile US stocks is currently at 42.49%, with various firms increasing their stakes, including Gallacher Capital Management, which raised its holdings by 83%.
• T-Mobile US recently reported quarterly earnings of $2.84 per share, exceeding analysts' estimates, and had a revenue of $21.13 billion, marking a 6.9% year-on-year increase.

E. Ohman J or Asset Management AB reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 14.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,333 shares of the Wireless communications provider's stock after selling 3,386 shares during the period. E. Ohman J or Asset Management AB's holdings in T-Mobile US were worth $4,606,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Gallacher Capital Management LLC boosted its holdings in shares of T-Mobile US by 83.0% in the 2nd quarter. Gallacher Capital Management LLC now owns 1,391 shares of the Wireless communications provider's stock valued at $331,000 after buying an additional 631 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of T-Mobile US by 0.9% in the 2nd quarter. Parallel Advisors LLC now owns 12,187 shares of the Wireless communications provider's stock valued at $2,904,000 after buying an additional 108 shares in the last quarter. Park Edge Advisors LLC boosted its holdings in shares of T-Mobile US by 22.9% in the 2nd quarter. Park Edge Advisors LLC now owns 5,892 shares of the Wireless communications provider's stock valued at $1,404,000 after buying an additional 1,098 shares in the last quarter. Fox Hill Wealth Management bought a new stake in shares of T-Mobile US in the 2nd quarter valued at about $2,603,000. Finally, Wesbanco Bank Inc. boosted its holdings in shares of T-Mobile US by 13.5% in the 2nd quarter. Wesbanco Bank Inc. now owns 49,448 shares of the Wireless communications provider's stock valued at $11,781,000 after buying an additional 5,898 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 2,558,090 shares of company stock worth $612,638,693. Company insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

TMUS opened at $241.72 on Monday. T-Mobile US, Inc. has a 12-month low of $195.47 and a 12-month high of $276.49. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $272.04 billion, a PE ratio of 22.80, a P/E/G ratio of 1.33 and a beta of 0.61. The firm has a 50 day moving average of $243.25 and a two-hundred day moving average of $246.51.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same period last year, the firm posted $2.49 EPS. T-Mobile US's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of recent analyst reports. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a report on Monday, July 7th. KeyCorp reaffirmed an "underweight" rating and issued a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, July 9th. Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Royal Bank Of Canada increased their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Finally, Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $258.02.

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 customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.

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