Gotham Asset Management LLC Sells 7,916 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Gotham Asset Management LLC reduced its stake in T-Mobile US by 9.7% in the first quarter, owning 73,630 shares valued at approximately $19.6 million.
• T-Mobile US reported a Q2 earnings per share (EPS) of $2.84, exceeding analyst expectations of $2.69, with revenues reaching $21.13 billion, up 6.9% year-over-year.
• Several brokerages have recently updated their ratings for T-Mobile US, with a consensus rating of "Moderate Buy" and a target price of $258.02.

Gotham Asset Management LLC decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 9.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,630 shares of the Wireless communications provider's stock after selling 7,916 shares during the quarter. Gotham Asset Management LLC's holdings in T-Mobile US were worth $19,638,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TMUS. Activest Wealth Management raised its holdings in T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 94 shares in the last quarter. Godsey & Gibb Inc. raised its holdings in T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares in the last quarter. Stone House Investment Management LLC bought a new position in T-Mobile US in the first quarter worth $29,000. TCTC Holdings LLC boosted its holdings in T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after acquiring an additional 77 shares in the last quarter. Finally, Adirondack Trust Co. boosted its holdings in T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Royal Bank Of Canada boosted their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Morgan Stanley lifted their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a report on Monday, July 7th. JPMorgan Chase & Co. lifted their target price on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price for the company in a report on Monday, July 7th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.02.

T-Mobile US Stock Performance

Shares of TMUS traded down $2.36 during mid-day trading on Wednesday, hitting $240.36. 2,986,716 shares of the company traded hands, compared to its average volume of 4,295,528. The stock has a 50-day moving average price of $243.14 and a two-hundred day moving average price of $247.18. The stock has a market cap of $270.50 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 1.33 and a beta of 0.61. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a 1 year low of $194.41 and a 1 year high of $276.49.

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

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 2,627,930 shares of company stock worth $627,921,781. 0.37% of the stock is owned by corporate insiders.

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.