Cercano Management LLC Makes New Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Cercano Management LLC purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 47,003 shares of the Wireless communications provider's stock, valued at approximately $10,375,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TMUS. Norges Bank purchased a new stake in shares of T-Mobile US in the 4th quarter valued at $1,802,393,000. Canada Pension Plan Investment Board boosted its position in shares of T-Mobile US by 85.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock worth $1,329,919,000 after acquiring an additional 2,777,657 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in T-Mobile US during the fourth quarter worth approximately $452,721,000. Capital International Investors boosted its stake in T-Mobile US by 36.2% in the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after acquiring an additional 1,734,998 shares in the last quarter. Finally, Barclays PLC grew its stake in T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after buying an additional 876,182 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TMUS shares. Bank of America boosted their price objective on shares of T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Hsbc Global Res cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Tigress Financial lifted their price objective on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Finally, Royal Bank of Canada increased their price target on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, March 21st. Ten analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Stock Down 1.5 %

NASDAQ TMUS traded down $3.68 during trading on Friday, hitting $243.81. 3,278,264 shares of the company traded hands, compared to its average volume of 4,213,947. The company has a market capitalization of $276.83 billion, a P/E ratio of 25.21, a PEG ratio of 1.55 and a beta of 0.69. The business has a fifty day simple moving average of $256.32 and a 200 day simple moving average of $242.56. T-Mobile US, Inc. has a 12 month low of $161.72 and a 12 month high of $276.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The firm had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. During the same quarter in the prior year, the business earned $2.00 earnings per share. The company's revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

Insider Buying and Selling

In other news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now directly owns 3,291 shares of the company's stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.67% of the company's stock.

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 customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.