Trade Report: The Quantitative Systematic Strategies LLC Takes Position in T-Mobile US Inc. (TMUS)

The Quantitative Systematic Strategies LLC Takes Position in T-Mobile US Inc. (TMUS)

Quantitative Systematic Strategies LLC acquired a new stake in T-Mobile US Inc. (NASDAQ:TMUS) during the second quarter, Holdings Channel reports. The institutional investor acquired 37,968 shares of the company’s stock, valued at approximately $1,650,000. T-Mobile US accounts for about 0.8% of Quantitative Systematic Strategies LLC’s investment portfolio, making the stock its 5th largest position.

A number of other large investors also recently modified their holdings of the company. Huntington National Bank increased its stake in shares of T-Mobile US by 480,909.1% in the second quarter. Huntington National Bank now owns 370,377 shares of the company’s stock valued at $16,026,000 after buying an additional 370,300 shares during the period. First National Trust Co. increased its stake in shares of T-Mobile US by 21.8% in the second quarter. First National Trust Co. now owns 10,980 shares of the company’s stock valued at $475,000 after buying an additional 1,964 shares during the period. Carmignac Gestion increased its stake in shares of T-Mobile US by 1.0% in the second quarter. Carmignac Gestion now owns 5,215,074 shares of the company’s stock valued at $225,656,000 after buying an additional 50,700 shares during the period. American Century Companies Inc. increased its stake in shares of T-Mobile US by 69.4% in the second quarter. American Century Companies Inc. now owns 436,208 shares of the company’s stock valued at $18,875,000 after buying an additional 178,725 shares during the period. Finally, Strs Ohio increased its stake in shares of T-Mobile US by 106.8% in the second quarter. Strs Ohio now owns 799,735 shares of the company’s stock valued at $34,604,000 after buying an additional 413,087 shares during the period. Hedge funds and other institutional investors own 34.17% of the company’s stock.

Shares of T-Mobile US Inc. (NASDAQ:TMUS) traded down 0.51% during trading on Friday, hitting $45.27. 2,920,480 shares of the stock were exchanged. T-Mobile US Inc. has a 52 week low of $33.23 and a 52 week high of $48.11. The stock’s 50 day moving average price is $46.39 and its 200 day moving average price is $43.21. The firm has a market capitalization of $37.25 billion, a price-to-earnings ratio of 34.82 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. The company had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.03 billion. T-Mobile US had a net margin of 3.36% and a return on equity of 6.77%. T-Mobile US’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS. On average, equities analysts predict that T-Mobile US Inc. will post $1.32 earnings per share for the current year.

Several equities research analysts have issued reports on the stock. Vetr upgraded shares of T-Mobile US from a “buy” rating to a “strong-buy” rating and set a $51.78 price objective for the company in a research report on Thursday. Jefferies Group restated a “buy” rating and set a $55.00 price objective on shares of T-Mobile US in a research report on Tuesday. HSBC restated a “hold” rating on shares of T-Mobile US in a research report on Wednesday, September 28th. Robert W. Baird restated a “neutral” rating on shares of T-Mobile US in a research report on Wednesday, September 14th. Finally, Wells Fargo & Co. raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $49.00 to $54.00 in a report on Monday, August 29th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. T-Mobile US currently has a consensus rating of “Buy” and an average target price of $49.26.

In other T-Mobile US news, insider Thomas Christopher Keys sold 14,700 shares of the stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $47.11, for a total value of $692,517.00. Following the sale, the insider now directly owns 355,876 shares in the company, valued at approximately $16,765,318.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David A. Miller sold 10,000 shares of the stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $44.00, for a total transaction of $440,000.00. Following the completion of the sale, the executive vice president now owns 119,816 shares in the company, valued at $5,271,904. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

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