Assenagon Asset Management S.A. Purchases 146,359 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Assenagon Asset Management S.A. lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 189.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 223,647 shares of the Wireless communications provider's stock after acquiring an additional 146,359 shares during the quarter. Assenagon Asset Management S.A.'s holdings in T-Mobile US were worth $59,649,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ancora Advisors LLC raised its holdings in shares of T-Mobile US by 16.6% during the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock valued at $57,000 after acquiring an additional 37 shares in the last quarter. Snowden Capital Advisors LLC raised its holdings in T-Mobile US by 0.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock worth $1,411,000 after purchasing an additional 40 shares in the last quarter. Signaturefd LLC raised its holdings in T-Mobile US by 0.4% in the fourth quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock worth $2,499,000 after purchasing an additional 41 shares in the last quarter. Financial Management Professionals Inc. raised its holdings in T-Mobile US by 15.6% in the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock worth $81,000 after purchasing an additional 41 shares in the last quarter. Finally, Continuum Advisory LLC raised its holdings in T-Mobile US by 0.7% in the fourth quarter. Continuum Advisory LLC now owns 6,069 shares of the Wireless communications provider's stock worth $1,340,000 after purchasing an additional 43 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

NASDAQ:TMUS traded down $0.70 on Friday, hitting $228.00. The stock had a trading volume of 4,379,818 shares, compared to its average volume of 4,079,641. The stock has a market cap of $258.88 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The business's 50-day simple moving average is $246.27 and its two-hundred day simple moving average is $243.83. T-Mobile US, Inc. has a 52-week low of $173.74 and a 52-week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter last year, the company earned $2.00 earnings per share. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is currently 34.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Wells Fargo & Company reiterated an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Benchmark reiterated a "buy" rating and issued a $275.00 price objective on shares of T-Mobile US in a report on Thursday, March 27th. Finally, Citigroup cut T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price on the stock. in a research note on Friday, March 14th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average price target of $257.68.

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.