OxFORD Asset Management LLP Trims Holdings in T-Mobile US, Inc. (TMUS)

OxFORD Asset Management LLP lessened its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 16.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 73,074 shares of the Wireless communications provider’s stock after selling 14,226 shares during the period. OxFORD Asset Management LLP’s holdings in T-Mobile US were worth $4,525,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of T-Mobile US by 2.6% during the second quarter. Vanguard Group Inc. now owns 15,500,894 shares of the Wireless communications provider’s stock valued at $939,664,000 after buying an additional 389,328 shares during the last quarter. BlackRock Inc. boosted its position in shares of T-Mobile US by 10.9% during the second quarter. BlackRock Inc. now owns 15,334,976 shares of the Wireless communications provider’s stock valued at $929,608,000 after buying an additional 1,502,636 shares during the last quarter. Paulson & CO. Inc. boosted its position in shares of T-Mobile US by 46.1% during the second quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock valued at $366,793,000 after buying an additional 1,910,600 shares during the last quarter. Carmignac Gestion boosted its position in shares of T-Mobile US by 32.1% during the third quarter. Carmignac Gestion now owns 5,844,199 shares of the Wireless communications provider’s stock valued at $360,353,000 after buying an additional 1,419,024 shares during the last quarter. Finally, State Street Corp boosted its position in shares of T-Mobile US by 5.4% during the second quarter. State Street Corp now owns 5,599,085 shares of the Wireless communications provider’s stock valued at $339,409,000 after buying an additional 289,120 shares during the last quarter. 34.96% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on TMUS. Moffett Nathanson reaffirmed a “neutral” rating on shares of T-Mobile US in a research report on Thursday, October 12th. Jefferies Group reaffirmed a “top pick” rating and set a $62.78 target price (down previously from $72.00) on shares of T-Mobile US in a research report on Tuesday, November 28th. Societe Generale began coverage on T-Mobile US in a research report on Tuesday, October 24th. They set a “buy” rating and a $71.00 target price on the stock. Macquarie reissued a “hold” rating and issued a $68.00 price objective on shares of T-Mobile US in a research report on Tuesday, October 24th. Finally, HSBC raised T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $69.34.

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) opened at $62.12 on Thursday. The stock has a market capitalization of $50,117.52, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 1.12 and a beta of 0.29. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.80. T-Mobile US, Inc. has a one year low of $54.60 and a one year high of $68.88.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.17. The firm had revenue of $10.02 billion for the quarter, compared to analyst estimates of $10.01 billion. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. equities research analysts predict that T-Mobile US, Inc. will post 2.41 EPS for the current year.

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About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 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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