Chicago Equity Partners LLC increased its holdings in T-Mobile US Inc (NASDAQ:TMUS) by 28.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,560 shares of the Wireless communications provider’s stock after acquiring an additional 13,325 shares during the period. Chicago Equity Partners LLC’s holdings in T-Mobile US were worth $3,783,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in TMUS. Paulson & CO. Inc. increased its position in T-Mobile US by 46.1% in the 2nd quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock worth $366,793,000 after purchasing an additional 1,910,600 shares during the last quarter. Carmignac Gestion increased its position in T-Mobile US by 32.1% in the 3rd quarter. Carmignac Gestion now owns 5,844,199 shares of the Wireless communications provider’s stock worth $360,353,000 after purchasing an additional 1,419,024 shares during the last quarter. DnB Asset Management AS increased its position in T-Mobile US by 91.0% in the 4th quarter. DnB Asset Management AS now owns 2,831,015 shares of the Wireless communications provider’s stock worth $179,798,000 after purchasing an additional 1,349,000 shares during the last quarter. Global Thematic Partners LLC increased its position in T-Mobile US by 170.4% in the 4th quarter. Global Thematic Partners LLC now owns 1,533,545 shares of the Wireless communications provider’s stock worth $97,397,000 after purchasing an additional 966,432 shares during the last quarter. Finally, State of Tennessee Treasury Department increased its position in T-Mobile US by 585.9% in the 3rd quarter. State of Tennessee Treasury Department now owns 732,700 shares of the Wireless communications provider’s stock worth $45,179,000 after purchasing an additional 625,874 shares during the last quarter. 35.05% of the stock is owned by hedge funds and other institutional investors.
Shares of T-Mobile US Inc (TMUS) traded up $0.32 during trading hours on Friday, reaching $59.20. The company had a trading volume of 4,627,264 shares, compared to its average volume of 3,541,249. T-Mobile US Inc has a 1 year low of $54.60 and a 1 year high of $68.88. The company has a market cap of $50,582.20, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 0.79 and a beta of 0.29. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92.
T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.11. T-Mobile US had a return on equity of 9.96% and a net margin of 11.19%. The firm had revenue of $10.76 billion during the quarter, compared to the consensus estimate of $10.84 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. research analysts predict that T-Mobile US Inc will post 3.05 EPS for the current fiscal year.
T-Mobile US announced that its Board of Directors has approved a share buyback program on Wednesday, December 6th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the Wireless communications provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
In related news, CFO J Braxton Carter II sold 15,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $62.97, for a total transaction of $944,550.00. Following the completion of the sale, the chief financial officer now owns 163,688 shares in the company, valued at approximately $10,307,433.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Elizabeth A. Mcauliffe sold 4,310 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $64.10, for a total value of $276,271.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,620 shares of company stock valued at $4,708,192. 0.29% of the stock is owned by corporate insiders.
Several research analysts have weighed in on the company. Bank of America upped their target price on T-Mobile US from $40.00 to $45.00 and gave the stock an “underperform” rating in a research report on Friday. Raymond James Financial raised T-Mobile US from an “outperform” rating to a “strong-buy” rating in a research report on Friday. UBS Group raised T-Mobile US from an “outperform” rating to a “strong-buy” rating in a research report on Friday. BidaskClub raised T-Mobile US from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Finally, KeyCorp reissued a “buy” rating and set a $76.00 price objective on shares of T-Mobile US in a report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty have assigned a buy rating and four have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $70.06.
T-Mobile US 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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