CenterBook Partners LP Sells 2,476 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

CenterBook Partners LP reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 27.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,422 shares of the Wireless communications provider's stock after selling 2,476 shares during the quarter. CenterBook Partners LP's holdings in T-Mobile US were worth $1,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of T-Mobile US by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock valued at $2,610,542,000 after purchasing an additional 90,755 shares in the last quarter. Invesco Ltd. lifted its stake in T-Mobile US by 4.6% during the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after purchasing an additional 384,956 shares during the last quarter. Norges Bank bought a new stake in T-Mobile US during the fourth quarter worth about $1,802,393,000. Capital International Investors lifted its stake in T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after purchasing an additional 1,734,998 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after acquiring an additional 2,777,657 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of recent research reports. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price for the company in a research note on Monday, July 7th. Tigress Financial boosted their target price on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Royal Bank Of Canada boosted their target price on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research note on Friday, March 21st. Morgan Stanley boosted their target price on T-Mobile US from $265.00 to $280.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Arete Research raised T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average target price of $252.61.

T-Mobile US Stock Up 0.1%

Shares of T-Mobile US stock traded up $0.18 during midday trading on Friday, hitting $227.21. The company had a trading volume of 3,773,586 shares, compared to its average volume of 4,093,996. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. The stock has a market capitalization of $257.98 billion, a P/E ratio of 22.17, a P/E/G ratio of 1.26 and a beta of 0.62. The company has a 50 day moving average of $235.29 and a 200 day moving average of $243.71. 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 results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter in the prior year, the business posted $2.00 EPS. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.55%. T-Mobile US's dividend payout ratio is 34.34%.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $228.28, for a total transaction of $15,943,075.20. Following the transaction, the director directly owned 647,171,964 shares of the company's stock, valued at $147,736,415,941.92. This represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 1,116,990 shares of company stock worth $256,892,992. Company insiders own 0.37% 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.