Traders Buy T-Mobile US (TMUS) on Weakness

Traders purchased shares of T-Mobile US Inc (NASDAQ:TMUS) on weakness during trading on Monday. $48.19 million flowed into the stock on the tick-up and $28.53 million flowed out of the stock on the tick-down, for a money net flow of $19.66 million into the stock. Of all equities tracked, T-Mobile US had the 30th highest net in-flow for the day. T-Mobile US traded down ($0.38) for the day and closed at $60.06

Several equities analysts recently commented on the company. BidaskClub lowered T-Mobile US from a “hold” rating to a “sell” rating in a research note on Thursday. Raymond James Financial upgraded T-Mobile US from an “outperform” rating to a “strong-buy” rating in a research note on Friday, February 9th. Zacks Investment Research upgraded T-Mobile US from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Wednesday, February 14th. UBS Group upgraded T-Mobile US from an “outperform” rating to a “strong-buy” rating in a research note on Friday, February 9th. Finally, Bank of America upped their price target on T-Mobile US from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty have given a buy rating and four have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $70.23.

The company has a quick ratio of 0.64, a current ratio of 0.77 and a debt-to-equity ratio of 1.30. The company has a market cap of $51,320.00, a PE ratio of 11.55, a price-to-earnings-growth ratio of 0.74 and a beta of 0.30.

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, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.11. T-Mobile US had a return on equity of 9.60% and a net margin of 11.19%. The company 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 business earned $0.45 earnings per share. The company’s revenue was up 5.1% compared to the same quarter last year. equities research analysts predict that T-Mobile US Inc will post 3.25 EPS for the current year.

T-Mobile US announced that its Board of Directors has authorized a stock buyback program on Wednesday, December 6th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the Wireless communications provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

In other news, CFO J Braxton Carter II sold 15,000 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $62.97, for a total value of $944,550.00. Following the completion of the sale, the chief financial officer now owns 163,688 shares of the company’s stock, valued at $10,307,433.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Elizabeth A. Mcauliffe sold 4,310 shares of the company’s stock in a transaction dated Friday, December 29th. The stock was 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. Insiders sold 73,620 shares of company stock valued at $4,708,192 in the last ninety days. Company insiders own 0.29% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of TMUS. Tybourne Capital Management HK Ltd. purchased a new position in T-Mobile US in the fourth quarter valued at about $272,331,000. Maverick Capital Ltd. boosted its holdings in T-Mobile US by 103.0% in the fourth quarter. Maverick Capital Ltd. now owns 3,349,036 shares of the Wireless communications provider’s stock valued at $212,697,000 after purchasing an additional 1,699,036 shares during the last quarter. Two Sigma Investments LP purchased a new position in T-Mobile US in the fourth quarter valued at about $96,296,000. Millennium Management LLC boosted its holdings in T-Mobile US by 144.4% in the fourth quarter. Millennium Management LLC now owns 2,499,252 shares of the Wireless communications provider’s stock valued at $158,727,000 after purchasing an additional 1,476,469 shares during the last quarter. Finally, Carmignac Gestion boosted its holdings in T-Mobile US by 32.1% in the third quarter. Carmignac Gestion now owns 5,844,199 shares of the Wireless communications provider’s stock valued at $360,353,000 after purchasing an additional 1,419,024 shares during the last quarter. 34.82% of the stock is owned by hedge funds and other institutional investors.

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About T-Mobile US

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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