T-Mobile Us Inc (NASDAQ:TMUS) Short Interest Down 21.1% in July

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T-Mobile Us Inc (NASDAQ:TMUS) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totalling 18,360,000 shares, a drop of 21.1% from the June 30th total of 23,280,000 shares. Approximately 2.8% of the company’s stock are sold short. Based on an average daily trading volume, of 7,750,000 shares, the days-to-cover ratio is currently 2.4 days.

In related news, insider Ronald D. Fisher purchased 350,000 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was purchased at an average cost of $103.00 per share, for a total transaction of $36,050,000.00. Following the completion of the purchase, the insider now directly owns 221,672 shares in the company, valued at $22,832,216. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Peter A. Ewens sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $106.49, for a total value of $21,298,000.00. Following the completion of the transaction, the executive vice president now owns 70,077 shares of the company’s stock, valued at $7,462,499.73. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barnett & Company Inc. acquired a new position in T-Mobile Us in the 1st quarter valued at $25,000. Reilly Financial Advisors LLC raised its holdings in T-Mobile Us by 198.1% in the 2nd quarter. Reilly Financial Advisors LLC now owns 307 shares of the Wireless communications provider’s stock valued at $32,000 after acquiring an additional 204 shares in the last quarter. WASHINGTON TRUST Co acquired a new position in T-Mobile Us in the 1st quarter valued at $34,000. James Investment Research Inc. acquired a new position in T-Mobile Us in the 2nd quarter valued at $34,000. Finally, First Horizon Advisors Inc. raised its holdings in T-Mobile Us by 63.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 362 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 140 shares in the last quarter. 23.58% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:TMUS opened at $107.38 on Friday. The stock has a market cap of $149.41 billion, a P/E ratio of 26.38, a PEG ratio of 3.75 and a beta of 0.30. The stock has a 50 day simple moving average of $105.47 and a 200 day simple moving average of $93.10. The company has a current ratio of 0.64, a quick ratio of 0.56 and a debt-to-equity ratio of 1.27. T-Mobile Us has a 1-year low of $63.50 and a 1-year high of $111.58.

T-Mobile Us (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, May 6th. The Wireless communications provider reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.07. The business had revenue of $11.11 billion during the quarter, compared to analysts’ expectations of $11.42 billion. T-Mobile Us had a return on equity of 13.96% and a net margin of 7.80%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the firm posted $1.06 EPS. As a group, sell-side analysts forecast that T-Mobile Us will post 1.43 EPS for the current year.

TMUS has been the subject of a number of analyst reports. JPMorgan Chase & Co. set a $110.00 price target on T-Mobile Us and gave the company a “buy” rating in a research note on Monday, July 20th. Raymond James restated an “outperform” rating and issued a $105.00 price target (up from $99.00) on shares of T-Mobile Us in a research note on Friday, May 22nd. Guggenheim downgraded T-Mobile Us from a “buy” rating to a “neutral” rating and set a $95.00 price target for the company. in a research note on Tuesday, June 9th. BNP Paribas began coverage on T-Mobile Us in a research note on Monday, July 27th. They issued an “outperform” rating and a $130.00 price target for the company. Finally, BidaskClub downgraded T-Mobile Us from a “buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. T-Mobile Us has a consensus rating of “Buy” and an average target price of $110.68.

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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