Gabelli Funds LLC Lowers Position in T-Mobile US, Inc. (TMUS)

Gabelli Funds LLC reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 352,685 shares of the Wireless communications provider’s stock after selling 9,500 shares during the period. Gabelli Funds LLC’s holdings in T-Mobile US were worth $21,528,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. James Investment Research Inc. increased its position in shares of T-Mobile US by 16.4% during the fourth quarter. James Investment Research Inc. now owns 30,500 shares of the Wireless communications provider’s stock valued at $1,937,000 after buying an additional 4,300 shares during the period. Ferris Capital LLC bought a new stake in shares of T-Mobile US during the fourth quarter valued at about $606,000. Swiss National Bank increased its position in shares of T-Mobile US by 1.0% during the fourth quarter. Swiss National Bank now owns 1,142,924 shares of the Wireless communications provider’s stock valued at $72,587,000 after buying an additional 11,000 shares during the period. Renaissance Technologies LLC increased its position in shares of T-Mobile US by 3.6% during the fourth quarter. Renaissance Technologies LLC now owns 198,050 shares of the Wireless communications provider’s stock valued at $12,578,000 after buying an additional 6,900 shares during the period. Finally, Zimmer Partners LP bought a new stake in shares of T-Mobile US during the fourth quarter valued at about $5,748,000. Institutional investors and hedge funds own 33.95% of the company’s stock.

Several brokerages have recently weighed in on TMUS. ValuEngine cut T-Mobile US from a “sell” rating to a “strong sell” rating in a research report on Tuesday. BidaskClub cut T-Mobile US from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Royal Bank of Canada reiterated a “buy” rating and set a price target on shares of T-Mobile US in a research report on Monday, April 30th. Raymond James upgraded T-Mobile US from an “outperform” rating to a “strong-buy” rating in a research report on Friday, February 9th. Finally, UBS upgraded T-Mobile US from an “outperform” rating to a “strong-buy” rating in a research report on Friday, February 9th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and four have issued a strong buy rating to the company’s stock. T-Mobile US has a consensus rating of “Buy” and a consensus price target of $71.60.

Shares of TMUS opened at $56.98 on Friday. The company has a market capitalization of $48.29 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 0.92 and a beta of 0.42. The company has a quick ratio of 0.67, a current ratio of 0.78 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 1 year low of $54.60 and a 1 year high of $68.50.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Tuesday, May 1st. The Wireless communications provider reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.07. The business had revenue of $10.46 billion during the quarter, compared to analyst estimates of $10.35 billion. T-Mobile US had a return on equity of 10.41% and a net margin of 10.90%. T-Mobile US’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 earnings per share. sell-side analysts anticipate that T-Mobile US, Inc. will post 3.22 earnings per share for the current fiscal year.

In other news, major shareholder Telekom Holding B.V. Deutsche bought 190,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was acquired at an average price of $60.64 per share, with a total value of $11,521,600.00. Following the completion of the purchase, the insider now directly owns 537,181,077 shares in the company, valued at $32,574,660,509.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David A. Miller sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $63.00, for a total value of $315,000.00. Following the completion of the sale, the executive vice president now directly owns 142,117 shares of the company’s stock, valued at approximately $8,953,371. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 820,000 shares of company stock valued at $50,452,000 and sold 62,118 shares valued at $3,971,079. 0.37% of the stock is owned by corporate insiders.

T-Mobile US 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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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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