T-Mobile US, Inc. $TMUS Stake Reduced by Polar Asset Management Partners Inc.

Key Points

• Polar Asset Management Partners Inc. has reduced its stake in T-Mobile US, Inc. by 70.2%, now holding 60,864 shares valued at approximately $16.23 million after selling 143,136 shares in the first quarter.
• Several other institutional investors increased their holdings in T-Mobile US during the same period, with Nissay Asset Management Corp Japan ADV raising its position by 12.1% and MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. by 17.8%.
• The company reported earnings of $2.84 per share, exceeding expectations, with a year-over-year revenue increase of 6.9%, reaching $21.13 billion.

Polar Asset Management Partners Inc. cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 70.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,864 shares of the Wireless communications provider's stock after selling 143,136 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in T-Mobile US were worth $16,233,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Nissay Asset Management Corp Japan ADV raised its position in T-Mobile US by 12.1% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 204,666 shares of the Wireless communications provider's stock worth $54,586,000 after acquiring an additional 22,135 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in T-Mobile US by 17.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 933,410 shares of the Wireless communications provider's stock worth $248,950,000 after acquiring an additional 140,939 shares in the last quarter. DnB Asset Management AS raised its position in T-Mobile US by 13.8% in the first quarter. DnB Asset Management AS now owns 600,007 shares of the Wireless communications provider's stock worth $160,028,000 after acquiring an additional 72,704 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its position in T-Mobile US by 1.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 18,910 shares of the Wireless communications provider's stock worth $5,043,000 after acquiring an additional 258 shares in the last quarter. Finally, Clark Capital Management Group Inc. raised its position in T-Mobile US by 5.5% in the first quarter. Clark Capital Management Group Inc. now owns 2,853 shares of the Wireless communications provider's stock worth $761,000 after acquiring an additional 148 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Trading Down 0.2%

NASDAQ:TMUS opened at $252.12 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a fifty-two week low of $192.61 and a fifty-two week high of $276.49. The stock's 50-day moving average is $242.67 and its two-hundred day moving average is $247.68. The stock has a market cap of $283.74 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its 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. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter in the previous year, the business posted $2.49 EPS. The business's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated 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 owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 2,488,250 shares of company stock worth $593,252,506. Insiders own 0.37% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on TMUS shares. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research report on Tuesday. They issued a "buy" rating and a $286.00 price target on the stock. Arete Research raised T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Finally, Morgan Stanley lifted their price target on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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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