Thornburg Investment Management Inc. trimmed its holdings in T-Mobile Us Inc (NASDAQ:TMUS) by 18.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,336,707 shares of the Wireless communications provider’s stock after selling 310,602 shares during the quarter. Thornburg Investment Management Inc.’s holdings in T-Mobile Us were worth $92,366,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Whittier Trust Co. raised its holdings in T-Mobile Us by 19.7% during the 4th quarter. Whittier Trust Co. now owns 962 shares of the Wireless communications provider’s stock worth $61,000 after buying an additional 158 shares during the period. Financial Advocates Investment Management raised its holdings in T-Mobile Us by 42.0% during the 4th quarter. Financial Advocates Investment Management now owns 541 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 160 shares during the period. Daiwa SB Investments Ltd. raised its holdings in T-Mobile Us by 12.2% during the 4th quarter. Daiwa SB Investments Ltd. now owns 1,560 shares of the Wireless communications provider’s stock worth $99,000 after buying an additional 170 shares during the period. Rehmann Capital Advisory Group raised its holdings in T-Mobile Us by 54.8% during the 4th quarter. Rehmann Capital Advisory Group now owns 641 shares of the Wireless communications provider’s stock worth $41,000 after buying an additional 227 shares during the period. Finally, Avitas Wealth Management LLC raised its holdings in T-Mobile Us by 0.8% during the 1st quarter. Avitas Wealth Management LLC now owns 30,563 shares of the Wireless communications provider’s stock worth $2,112,000 after buying an additional 255 shares during the period. 33.72% of the stock is owned by institutional investors.
In related news, COO G Michael Sievert sold 4,766 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $73.58, for a total value of $350,682.28. Following the transaction, the chief operating officer now owns 543,391 shares in the company, valued at $39,982,709.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.40% of the company’s stock.
Shares of TMUS traded up $0.39 during trading hours on Friday, reaching $75.77. The company’s stock had a trading volume of 1,347,939 shares, compared to its average volume of 2,694,937. The company has a market capitalization of $64.68 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 1.20 and a beta of 0.44. T-Mobile Us Inc has a 1-year low of $55.23 and a 1-year high of $77.13. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.66 and a quick ratio of 0.56.
T-Mobile Us (NASDAQ:TMUS) last issued its earnings results on Thursday, April 25th. The Wireless communications provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.14. The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11 billion. T-Mobile Us had a return on equity of 13.05% and a net margin of 7.11%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. Equities research analysts expect that T-Mobile Us Inc will post 4.12 earnings per share for the current fiscal year.
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T-Mobile Us Company Profile
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 79.7 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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