Millennium Management LLC increased its stake in shares of T-Mobile US Inc (NASDAQ:TMUS) by 144.4% during the 4th quarter, Holdings Channel reports. The firm owned 2,499,252 shares of the Wireless communications provider’s stock after acquiring an additional 1,476,469 shares during the quarter. Millennium Management LLC’s holdings in T-Mobile US were worth $158,727,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TMUS. Rational Advisors LLC bought a new stake in shares of T-Mobile US during the third quarter valued at approximately $105,000. Cerebellum GP LLC acquired a new position in T-Mobile US in the fourth quarter valued at approximately $127,000. Capital Bank & Trust Co lifted its holdings in T-Mobile US by 3,128.6% in the third quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock valued at $139,000 after buying an additional 2,190 shares during the period. Opera Trading Capital acquired a new position in T-Mobile US in the third quarter valued at approximately $154,000. Finally, Prime Capital Investment Advisors LLC acquired a new position in T-Mobile US in the fourth quarter valued at approximately $184,000. 35.68% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on the stock. Guggenheim assumed coverage on shares of T-Mobile US in a report on Tuesday. They issued a “buy” rating and a $80.00 price objective on the stock. Jefferies Group restated a “top pick” rating and issued a $62.78 price objective (down from $72.00) on shares of T-Mobile US in a report on Tuesday, November 28th. Bank of America increased their price objective on shares of T-Mobile US from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Friday, February 9th. Morgan Stanley increased their price objective on shares of T-Mobile US from $72.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Finally, BidaskClub lowered shares of T-Mobile US from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and four have issued a strong buy rating to the stock. T-Mobile US has a consensus rating of “Buy” and a consensus price target of $70.65.
In related news, insider Thomas Christopher Keys sold 25,000 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $65.50, for a total value of $1,637,500.00. Following the completion of the transaction, the insider now owns 406,883 shares of the company’s stock, valued at $26,650,836.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Elizabeth A. Mcauliffe sold 4,090 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $61.04, for a total transaction of $249,653.60. Following the completion of the transaction, the executive vice president now directly owns 68,168 shares of the company’s stock, valued at approximately $4,160,974.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 1,840,000 shares of company stock worth $110,974,950 and have sold 113,872 shares worth $7,300,318. Company insiders own 0.29% of the company’s stock.
Shares of T-Mobile US Inc (NASDAQ TMUS) opened at $65.17 on Wednesday. T-Mobile US Inc has a twelve month low of $54.60 and a twelve month high of $68.88. The company has a current ratio of 0.77, a quick ratio of 0.64 and a debt-to-equity ratio of 1.30. The company has a market cap of $55,153.37, a price-to-earnings ratio of 12.47, a P/E/G ratio of 0.84 and a beta of 0.46.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $10.76 billion for the quarter, compared to analyst estimates of $10.84 billion. During the same period last year, the business posted $0.45 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. analysts predict that T-Mobile US Inc will post 3.4 EPS for the current year.
T-Mobile US declared that its board has authorized a share repurchase plan on Wednesday, December 6th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the Wireless communications provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are 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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