Shelton Capital Management Has $3.91 Million Holdings in T-Mobile US, Inc. (TMUS)
Shelton Capital Management boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,521 shares of the Wireless communications provider’s stock after purchasing an additional 7,923 shares during the period. Shelton Capital Management’s holdings in T-Mobile US were worth $3,911,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Trexquant Investment LP grew its stake in shares of T-Mobile US by 16.2% in the 1st quarter. Trexquant Investment LP now owns 4,300 shares of the Wireless communications provider’s stock valued at $278,000 after purchasing an additional 600 shares during the period. Victory Capital Management Inc. raised its holdings in shares of T-Mobile US by 1.2% in the 1st quarter. Victory Capital Management Inc. now owns 18,109 shares of the Wireless communications provider’s stock worth $1,170,000 after buying an additional 220 shares in the last quarter. American International Group Inc. raised its holdings in shares of T-Mobile US by 0.6% in the 1st quarter. American International Group Inc. now owns 46,325 shares of the Wireless communications provider’s stock worth $2,992,000 after buying an additional 266 shares in the last quarter. AXA acquired a new position in shares of T-Mobile US in the 1st quarter worth approximately $397,000. Finally, Principal Financial Group Inc. raised its holdings in shares of T-Mobile US by 39.0% in the 1st quarter. Principal Financial Group Inc. now owns 28,036 shares of the Wireless communications provider’s stock worth $1,811,000 after buying an additional 7,863 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors.
TMUS has been the subject of several analyst reports. William Blair restated a “buy” rating on shares of T-Mobile US in a research report on Saturday, July 22nd. UBS AG reiterated a “buy” rating and issued a $80.00 price target on shares of T-Mobile US in a research report on Saturday, July 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $80.00 price target on shares of T-Mobile US in a research report on Saturday, July 22nd. Drexel Hamilton started coverage on T-Mobile US in a research note on Thursday, June 8th. They set a “buy” rating and a $80.00 price objective for the company. Finally, BidaskClub upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. T-Mobile US currently has an average rating of “Buy” and an average price target of $70.15.
Shares of T-Mobile US, Inc. (NASDAQ TMUS) traded up 0.332% during midday trading on Wednesday, hitting $61.885. 2,906,060 shares of the stock traded hands. The firm’s 50-day moving average is $63.18 and its 200 day moving average is $63.89. The company has a market capitalization of $51.43 billion, a price-to-earnings ratio of 26.222 and a beta of 0.40. T-Mobile US, Inc. has a 52 week low of $44.91 and a 52 week high of $68.88.
T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $9.82 billion. During the same period in the prior year, the business earned $0.25 earnings per share. The company’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 earnings per share for the current year.
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 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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