ClariVest Asset Management LLC continued to hold its stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,600 shares of the Wireless communications provider’s stock at the end of the second quarter. ClariVest Asset Management LLC’s holdings in T-Mobile US were worth $339,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in T-Mobile US by 3,998.0% in the first quarter. BlackRock Inc. now owns 13,832,340 shares of the Wireless communications provider’s stock valued at $893,431,000 after buying an additional 13,494,802 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in T-Mobile US during the first quarter valued at about $298,008,000. Paulson & CO. Inc. acquired a new stake in T-Mobile US during the first quarter valued at about $267,409,000. OZ Management LP acquired a new stake in T-Mobile US during the first quarter valued at about $82,521,000. Finally, Harbour Capital Advisors LLC raised its stake in T-Mobile US by 5,817.2% in the second quarter. Harbour Capital Advisors LLC now owns 1,201,792 shares of the Wireless communications provider’s stock valued at $19,825,000 after buying an additional 1,181,482 shares during the last quarter. 35.89% of the stock is owned by institutional investors and hedge funds.
Shares of T-Mobile US, Inc. (NASDAQ:TMUS) opened at 63.00 on Monday. The company has a market cap of $52.36 billion, a PE ratio of 26.69 and a beta of 0.49. T-Mobile US, Inc. has a 1-year low of $44.35 and a 1-year high of $68.88. The company has a 50-day moving average of $62.21 and a 200-day moving average of $63.64.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.29. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same period last year, the firm earned $0.25 earnings per share. T-Mobile US’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts forecast that T-Mobile US, Inc. will post $2.29 EPS for the current year.
TMUS has been the subject of several analyst reports. Goldman Sachs Group, Inc. (The) raised shares of T-Mobile US from a “buy” rating to a “conviction-buy” rating and reduced their price objective for the company from $81.00 to $65.72 in a research note on Friday, May 19th. Deutsche Bank AG reiterated a “hold” rating and issued a $70.00 target price (up previously from $69.00) on shares of T-Mobile US in a report on Friday, July 14th. Jefferies Group LLC lifted their target price on shares of T-Mobile US from $71.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Zacks Investment Research upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of T-Mobile US in a report on Wednesday, April 26th. Eleven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $68.82.
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