Cornerstone Capital Management Holdings LLC. grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 110.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 136,416 shares of the Wireless communications provider’s stock after purchasing an additional 71,600 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in T-Mobile US were worth $8,663,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of TMUS. Alliancebernstein L.P. boosted its stake in T-Mobile US by 14.4% during the 4th quarter. Alliancebernstein L.P. now owns 7,666,001 shares of the Wireless communications provider’s stock worth $486,868,000 after acquiring an additional 962,182 shares during the last quarter. Carmignac Gestion boosted its stake in T-Mobile US by 32.1% during the 3rd quarter. Carmignac Gestion now owns 5,844,199 shares of the Wireless communications provider’s stock worth $360,353,000 after acquiring an additional 1,419,024 shares during the last quarter. Tybourne Capital Management HK Ltd. bought a new position in T-Mobile US during the 4th quarter worth approximately $272,331,000. Maverick Capital Ltd. boosted its stake in T-Mobile US by 103.0% during the 4th quarter. Maverick Capital Ltd. now owns 3,349,036 shares of the Wireless communications provider’s stock worth $212,697,000 after acquiring an additional 1,699,036 shares during the last quarter. Finally, DnB Asset Management AS boosted its stake in T-Mobile US by 91.0% during 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 acquiring an additional 1,349,000 shares during the last quarter. 35.68% of the stock is currently owned by institutional investors.
In other T-Mobile US news, major shareholder Telekom Holding B.V. Deutsche acquired 365,000 shares of the stock in a transaction dated Friday, February 16th. The shares were bought at an average cost of $60.35 per share, for a total transaction of $22,027,750.00. Following the completion of the acquisition, the insider now directly owns 536,221,077 shares of the company’s stock, valued at $32,360,941,996.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas Christopher Keys sold 25,000 shares of T-Mobile US stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $65.50, for a total transaction of $1,637,500.00. Following the completion of the sale, the insider now owns 406,883 shares in the company, valued at $26,650,836.50. The disclosure for this sale can be found here. Over the last quarter, insiders bought 1,840,000 shares of company stock worth $110,974,950 and sold 98,872 shares worth $6,358,618. 0.29% of the stock is owned by company insiders.
Shares of T-Mobile US stock opened at $64.76 on Monday. 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, Inc. has a fifty-two week low of $54.60 and a fifty-two week high of $68.88. The stock has a market cap of $55,332.82, a P/E ratio of 12.43, a PEG ratio of 0.85 and a beta of 0.46.
T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.11. T-Mobile US had a net margin of 11.19% and a return on equity of 9.60%. The company had revenue of $10.76 billion for the quarter, compared to the consensus estimate of $10.84 billion. During the same period last year, the company earned $0.45 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. sell-side analysts predict that T-Mobile US, Inc. will post 3.4 EPS for the current fiscal year.
T-Mobile US declared that its board has authorized a stock repurchase plan on Wednesday, December 6th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the Wireless communications provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
Several research analysts recently weighed in on the stock. BidaskClub raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Guggenheim assumed coverage on shares of T-Mobile US in a research note on Tuesday, March 13th. They set a “buy” rating and a $80.00 price objective on the stock. Macquarie raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 14th. KeyCorp reissued a “buy” rating and set a $76.00 price objective on shares of T-Mobile US in a research note on Tuesday, January 2nd. Finally, Morgan Stanley lifted their price objective on shares of T-Mobile US from $72.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Two 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. T-Mobile US presently has a consensus rating of “Buy” and an average price target of $70.65.
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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 United States Virgin Islands. The company offers voice, messaging, and data services to 72.6 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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