Trade Report: Today, Teacher Retirement System of Texas Sold shares of T-Mobile US Inc. (TMUS)

Today, Teacher Retirement System of Texas Sold shares of T-Mobile US Inc. (TMUS)

Teacher Retirement System of Texas decreased its stake in shares of T-Mobile US Inc. (NASDAQ:TMUS) by 2.8% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 332,282 shares of the company’s stock after selling 9,421 shares during the period. Teacher Retirement System of Texas’ holdings in T-Mobile US were worth $15,524,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. FMR LLC boosted its position in T-Mobile US by 15.6% in the second quarter. FMR LLC now owns 16,526,004 shares of the company’s stock valued at $715,081,000 after buying an additional 2,228,832 shares during the period. JPMorgan Chase & Co. boosted its position in T-Mobile US by 15.6% in the second quarter. JPMorgan Chase & Co. now owns 15,715,621 shares of the company’s stock valued at $658,957,000 after buying an additional 2,124,210 shares during the period. Vanguard Group Inc. boosted its position in T-Mobile US by 6.2% in the second quarter. Vanguard Group Inc. now owns 14,065,439 shares of the company’s stock valued at $608,612,000 after buying an additional 817,632 shares during the period. Marshall Wace LLP boosted its position in T-Mobile US by 38.8% in the second quarter. Marshall Wace LLP now owns 7,752,979 shares of the company’s stock valued at $335,472,000 after buying an additional 2,167,045 shares during the period. Finally, Carmignac Gestion boosted its position in T-Mobile US by 10.0% in the third quarter. Carmignac Gestion now owns 5,735,372 shares of the company’s stock valued at $267,957,000 after buying an additional 520,298 shares during the period. 34.32% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Inc. (NASDAQ:TMUS) traded up 0.64% during mid-day trading on Monday, reaching $54.94. The company had a trading volume of 1,880,113 shares. The stock’s 50-day moving average price is $49.94 and its 200 day moving average price is $45.93. The firm has a market capitalization of $45.27 billion, a PE ratio of 34.79 and a beta of 0.66. T-Mobile US Inc. has a 52 week low of $33.23 and a 52 week high of $54.99.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Monday, October 24th. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.05. The business earned $9.20 million during the quarter, compared to analyst estimates of $9.45 billion. T-Mobile US had a return on equity of 7.21% and a net margin of 3.87%. The company’s revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. On average, equities research analysts predict that T-Mobile US Inc. will post $1.53 EPS for the current year.

TMUS has been the topic of several research analyst reports. Argus reissued a “buy” rating and set a $56.00 target price (up from $49.00) on shares of T-Mobile US in a research note on Thursday, August 4th. Vetr raised T-Mobile US from a “sell” rating to a “hold” rating and set a $46.03 target price on the stock in a research note on Wednesday, August 10th. Jefferies Group reissued a “buy” rating and set a $59.00 target price (up from $55.00) on shares of T-Mobile US in a research note on Wednesday, October 26th. Wells Fargo & Co. upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $49.00 to $54.00 in a research report on Monday, August 29th. They noted that the move was a valuation call. Finally, BTIG Research lifted their price target on T-Mobile US from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $50.35.

In other T-Mobile US news, insider Thomas Christopher Keys sold 14,700 shares of T-Mobile US stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $47.11, for a total transaction of $692,517.00. Following the completion of the transaction, the insider now owns 355,876 shares in the company, valued at approximately $16,765,318.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.30% of the company’s stock.

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