Baker Avenue Asset Management LP Buys Shares of 13,533 T-Mobile US, Inc. (NASDAQ:TMUS)

Baker Avenue Asset Management LP acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,533 shares of the Wireless communications provider's stock, valued at approximately $2,987,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in T-Mobile US by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock valued at $408,297,000 after buying an additional 47,350 shares during the period. Barclays PLC raised its holdings in shares of T-Mobile US by 38.3% in 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 in the last quarter. World Investment Advisors LLC bought a new position in shares of T-Mobile US during the third quarter valued at $510,000. Versant Capital Management Inc boosted its position in T-Mobile US by 21.1% in the fourth quarter. Versant Capital Management Inc now owns 368 shares of the Wireless communications provider's stock valued at $81,000 after buying an additional 64 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of T-Mobile US by 36.9% in the fourth quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider's stock valued at $324,960,000 after acquiring an additional 397,345 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TMUS has been the topic of several research analyst reports. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. HSBC lowered T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research note on Wednesday, March 5th. Citigroup cut T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective for the company. in a report on Friday, March 14th. Finally, Hsbc Global Res downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $257.68.

T-Mobile US Stock Performance

T-Mobile US stock traded down $3.68 during midday trading on Thursday, reaching $247.58. 3,520,712 shares of the company's stock were exchanged, compared to its average volume of 4,219,928. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a 52 week low of $161.72 and a 52 week high of $276.49. The stock's 50-day simple moving average is $257.25 and its 200 day simple moving average is $242.22. The firm has a market cap of $281.12 billion, a price-to-earnings ratio of 25.60, a P/E/G ratio of 1.55 and a beta of 0.69.

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

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares of the company's stock, valued at approximately $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.67% of the company's stock.

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 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.