Profund Advisors LLC lessened its stake in T-Mobile US Inc (NASDAQ:TMUS) by 12.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,850 shares of the Wireless communications provider’s stock after selling 11,844 shares during the period. Profund Advisors LLC’s holdings in T-Mobile US were worth $5,198,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in TMUS. Rational Advisors LLC bought a new position in T-Mobile US in the 3rd quarter valued at about $105,000. Cerebellum GP LLC acquired a new stake in T-Mobile US in the 4th quarter valued at about $127,000. Capital Bank & Trust Co lifted its holdings in T-Mobile US by 3,128.6% in the 3rd quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock valued at $139,000 after acquiring an additional 2,190 shares during the last quarter. Opera Trading Capital acquired a new stake in T-Mobile US in the 3rd quarter valued at about $154,000. Finally, Renaissance Group LLC acquired a new stake in T-Mobile US in the 3rd quarter valued at about $201,000. Hedge funds and other institutional investors own 35.68% of the company’s stock.
In other news, insider Thomas Christopher Keys sold 25,000 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $65.50, for a total value of $1,637,500.00. Following the transaction, the insider now owns 406,883 shares in the company, valued at approximately $26,650,836.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Telekom Holding B.V. Deutsche acquired 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was purchased at an average price of $57.79 per share, for a total transaction of $17,337,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 1,840,000 shares of company stock worth $110,974,950 and sold 113,872 shares worth $7,300,318. 0.29% of the stock is owned by corporate insiders.
A number of brokerages have weighed in on TMUS. Guggenheim began coverage on shares of T-Mobile US in a report on Tuesday. They issued a “buy” rating and a $80.00 price target for the company. ValuEngine downgraded shares of T-Mobile US from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. BidaskClub raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a report on Saturday, March 3rd. Raymond James Financial raised shares of T-Mobile US from an “outperform” rating to a “strong-buy” rating in a report on Friday, February 9th. Finally, UBS Group raised shares of T-Mobile US from an “outperform” rating to a “strong-buy” rating in a report on Friday, February 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and four have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $70.65.
T-Mobile US Inc (TMUS) traded down $0.20 during mid-day trading on Wednesday, reaching $64.78. 3,282,864 shares of the company’s stock were exchanged, compared to its average volume of 3,946,694. The stock has a market capitalization of $55,153.37, a price-to-earnings ratio of 12.43, a PEG ratio of 0.84 and a beta of 0.46. T-Mobile US Inc has a 52 week low of $54.60 and a 52 week high of $68.88. The company has a quick ratio of 0.64, a current ratio of 0.77 and a debt-to-equity ratio of 1.30.
T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. The company had revenue of $10.76 billion for the quarter, compared to the consensus estimate of $10.84 billion. T-Mobile US had a return on equity of 9.60% and a net margin of 11.19%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. analysts forecast that T-Mobile US Inc will post 3.4 EPS for the current year.
T-Mobile US declared that its board has approved a share repurchase program on Wednesday, December 6th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the Wireless communications provider to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
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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 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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