Zimmer Partners LP Buys New Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Zimmer Partners LP purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 90,500 shares of the Wireless communications provider’s stock, valued at approximately $5,748,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BTC Capital Management Inc. boosted its position in shares of T-Mobile US by 26.3% in the fourth quarter. BTC Capital Management Inc. now owns 5,419 shares of the Wireless communications provider’s stock worth $345,000 after purchasing an additional 1,128 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of T-Mobile US by 1.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 95,245 shares of the Wireless communications provider’s stock worth $6,049,000 after buying an additional 1,154 shares in the last quarter. Oribel Capital Management LP lifted its holdings in shares of T-Mobile US by 3.9% in the third quarter. Oribel Capital Management LP now owns 32,300 shares of the Wireless communications provider’s stock worth $1,991,000 after buying an additional 1,200 shares in the last quarter. CMH Wealth Management LLC lifted its holdings in shares of T-Mobile US by 5.4% in the fourth quarter. CMH Wealth Management LLC now owns 23,800 shares of the Wireless communications provider’s stock worth $1,524,000 after buying an additional 1,210 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of T-Mobile US by 9.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,411 shares of the Wireless communications provider’s stock worth $918,000 after buying an additional 1,285 shares in the last quarter. 35.66% of the stock is owned by institutional investors.

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TMUS has been the topic of several research analyst reports. Macquarie raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating in a report on Thursday, December 14th. Bank of America upped their price target on shares of T-Mobile US from $40.00 to $45.00 and gave the company an “underperform” rating in a research note on Friday, February 9th. BidaskClub downgraded shares of T-Mobile US from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Deutsche Bank increased 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, Zacks Investment Research downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and four have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $70.65.

In other news, CFO J Braxton Carter II sold 15,000 shares of T-Mobile US stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $65.96, for a total transaction of $989,400.00. Following the transaction, the chief financial officer now owns 199,788 shares in the company, valued at approximately $13,178,016.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Peter A. Ewens sold 10,000 shares of T-Mobile US stock in a transaction on Monday, January 8th. The stock was sold at an average price of $65.05, for a total value of $650,500.00. Following the transaction, the executive vice president now owns 146,434 shares in the company, valued at approximately $9,525,531.70. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 1,840,000 shares of company stock worth $110,974,950 and have sold 80,252 shares worth $5,176,576. Insiders own 0.29% of the company’s stock.

Shares of NASDAQ TMUS opened at $59.65 on Friday. T-Mobile US, Inc. has a 12 month low of $54.60 and a 12 month high of $68.88. The company has a market cap of $51,052.11, a PE ratio of 26.05, a PEG ratio of 0.78 and a beta of 0.42. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.64 and a current ratio of 0.77.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $10.76 billion for the quarter, compared to analysts’ expectations of $10.84 billion. During the same quarter last year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. analysts forecast that T-Mobile US, Inc. will post 3.4 EPS for the current fiscal year.

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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.

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

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