OLD Mission Capital LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, HoldingsChannel reports. The firm purchased 6,609 shares of the Wireless communications provider’s stock, valued at approximately $420,000.
Other institutional investors have also added to or reduced their stakes in the company. James Investment Research Inc. increased its position in shares of T-Mobile US by 16.4% in the fourth quarter. James Investment Research Inc. now owns 30,500 shares of the Wireless communications provider’s stock worth $1,937,000 after acquiring an additional 4,300 shares in the last quarter. Dana Investment Advisors Inc. increased its position in shares of T-Mobile US by 0.8% in the third quarter. Dana Investment Advisors Inc. now owns 299,119 shares of the Wireless communications provider’s stock worth $18,444,000 after acquiring an additional 2,460 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of T-Mobile US by 108.6% in the third quarter. Principal Financial Group Inc. now owns 107,166 shares of the Wireless communications provider’s stock valued at $6,608,000 after purchasing an additional 55,783 shares during the period. Ferris Capital LLC purchased a new position in shares of T-Mobile US in the fourth quarter valued at $606,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of T-Mobile US by 10.1% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 241,379 shares of the Wireless communications provider’s stock valued at $14,883,000 after purchasing an additional 22,212 shares during the period. 35.68% of the stock is owned by institutional investors.
T-Mobile US, Inc. (NASDAQ:TMUS) opened at $64.76 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.77 and a quick ratio of 0.64. T-Mobile US, Inc. has a 52-week low of $54.60 and a 52-week high of $68.88. The stock has a market cap of $55,332.82, a PE ratio of 28.91, a PEG ratio of 0.85 and a beta of 0.46.
T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share (EPS) for the quarter, topping 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 firm posted $0.45 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. research analysts anticipate that T-Mobile US, Inc. will post 3.4 earnings per share for the current year.
T-Mobile US announced that its board has authorized a share buyback 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. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
In related news, insider Thomas Christopher Keys sold 25,000 shares of the stock in a transaction dated 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 sale, the insider now owns 406,883 shares of the company’s stock, valued at approximately $26,650,836.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 cost of $57.79 per share, for a total transaction of $17,337,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,840,000 shares of company stock worth $110,974,950 and sold 113,872 shares worth $7,300,318. Company insiders own 0.29% of the company’s stock.
Several research analysts have recently weighed in on TMUS shares. HSBC upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st. Moffett Nathanson upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating in a research note on Monday, November 27th. Jefferies Group restated a “top pick” rating and issued a $62.78 target price (down from $72.00) on shares of T-Mobile US in a research note on Tuesday, November 28th. Deutsche Bank upped their target price on shares of T-Mobile US to $72.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, Morgan Stanley upped their target price on shares of T-Mobile US from $72.00 to $74.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and four have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $70.65.
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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 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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