Caxton Associates LLP Takes Position in T-Mobile US, Inc. $TMUS

Key Points

• Caxton Associates LLP invested $29.15 million in T-Mobile US, acquiring 109,276 shares, which represent 1.0% of its investment portfolio.
• T-Mobile US reported earnings of $2.84 per share for the last quarter, exceeding analysts' expectations, with revenues of $21.13 billion, a 6.9% increase year-over-year.
• Insider trading activity included CEO G Michael Sievert selling 22,500 shares, and significant sales from Director Telekom AG Deutsche, highlighting ongoing insider movement at the company.

Caxton Associates LLP acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 109,276 shares of the Wireless communications provider's stock, valued at approximately $29,145,000. T-Mobile US makes up 1.0% of Caxton Associates LLP's investment portfolio, making the stock its 17th biggest position.

Several other institutional investors have also modified their holdings of TMUS. Fiduciary Trust Co lifted its stake in T-Mobile US by 6.3% in the 4th quarter. Fiduciary Trust Co now owns 9,126 shares of the Wireless communications provider's stock worth $2,014,000 after acquiring an additional 540 shares in the last quarter. Focus Partners Wealth boosted its stake in T-Mobile US by 7.4% in the fourth quarter. Focus Partners Wealth now owns 11,785 shares of the Wireless communications provider's stock worth $2,635,000 after purchasing an additional 808 shares in the last quarter. Guardian Wealth Advisors LLC NC bought a new stake in T-Mobile US in the fourth quarter valued at about $252,000. KKM Financial LLC bought a new stake in shares of T-Mobile US in the fourth quarter worth about $209,000. Finally, Jefferies Financial Group Inc. increased its holdings in shares of T-Mobile US by 9.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 37,480 shares of the Wireless communications provider's stock worth $8,273,000 after acquiring an additional 3,350 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TMUS. KeyCorp restated an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. Bank of America assumed coverage on T-Mobile US in a research note on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective on the stock. Royal Bank Of Canada boosted their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. upped their price target on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Finally, Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $258.02.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $240.08, for a total value of $16,767,187.20. Following the completion of the sale, the director directly owned 635,014,604 shares of the company's stock, valued at $152,454,306,128.32. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 2,697,770 shares of company stock valued at $644,688,968 over the last three months. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Stock Down 1.0%

TMUS stock traded down $2.34 during trading on Wednesday, reaching $240.38. 4,941,992 shares of the stock were exchanged, compared to its average volume of 3,674,868. The firm's 50 day moving average is $243.20 and its 200 day moving average is $247.14. T-Mobile US, Inc. has a twelve month low of $194.41 and a twelve month high of $276.49. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The firm has a market cap of $270.53 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 1.33 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.49 earnings per share. As a group, research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

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.