Stocks: DUPONT CAPITAL MANAGEMENT Corp Acquires Shares of 13,700 T-Mobile US Inc (TMUS)

Stocks: DUPONT CAPITAL MANAGEMENT Corp Acquires Shares of 13,700 T-Mobile US Inc (TMUS)

DUPONT CAPITAL MANAGEMENT Corp acquired a new position in T-Mobile US Inc (NASDAQ:TMUS) during the first quarter, Holdings Channel reports. The fund acquired 13,700 shares of the Wireless communications provider’s stock, valued at approximately $885,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of T-Mobile US by 2.4% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,373 shares of the Wireless communications provider’s stock worth $1,933,000 after buying an additional 981 shares during the period. Virginia Retirement Systems ET AL acquired a new position in shares of T-Mobile US during the third quarter worth $17,062,000. Advisors Asset Management Inc. boosted its position in shares of T-Mobile US by 68.5% in the third quarter. Advisors Asset Management Inc. now owns 48,390 shares of the Wireless communications provider’s stock worth $2,261,000 after buying an additional 19,680 shares during the period. Suffolk Capital Management LLC acquired a new position in shares of T-Mobile US during the third quarter worth $12,593,000. Finally, Huntington National Bank boosted its position in shares of T-Mobile US by 10.1% in the third quarter. Huntington National Bank now owns 407,746 shares of the Wireless communications provider’s stock worth $19,050,000 after buying an additional 37,369 shares during the period. 33.17% of the stock is owned by institutional investors and hedge funds.

Shares of T-Mobile US Inc (NASDAQ:TMUS) opened at 66.40 on Friday. The stock has a market cap of $55.17 billion, a P/E ratio of 34.10 and a beta of 0.71. T-Mobile US Inc has a 1-year low of $40.09 and a 1-year high of $68.88. The company’s 50-day moving average is $65.06 and its 200 day moving average is $59.68.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Monday, April 24th. The Wireless communications provider reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.46. The firm had revenue of $9.61 billion during the quarter, compared to analysts’ expectations of $9.63 billion. T-Mobile US had a net margin of 3.87% and a return on equity of 7.21%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 EPS. Equities research analysts anticipate that T-Mobile US Inc will post $2.04 EPS for the current year.

TMUS has been the subject of a number of recent research reports. Royal Bank of Canada reissued a “buy” rating and set a $67.00 price objective on shares of T-Mobile US in a research note on Thursday, January 12th. BTIG Research reissued a “buy” rating and set a $65.00 price objective (up from $56.00) on shares of T-Mobile US in a research note on Thursday, January 12th. Macquarie restated a “hold” rating and set a $62.00 target price on shares of T-Mobile US in a research report on Sunday, January 22nd. Evercore ISI started coverage on shares of T-Mobile US in a research report on Monday, January 30th. They set a “buy” rating on the stock. Finally, Instinet raised their target price on shares of T-Mobile US from $46.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 7th. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. T-Mobile US presently has an average rating of “Buy” and a consensus price target of $65.03.

In related news, insider Thomas Christopher Keys sold 100,000 shares of the company’s stock in a transaction on Friday, March 24th. The shares were sold at an average price of $64.17, for a total transaction of $6,417,000.00. Following the completion of the transaction, the insider now directly owns 372,718 shares in the company, valued at approximately $23,917,314.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US Inc (NASDAQ:TMUS).

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