Dynamic Technology Lab Private Ltd Raises Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Dynamic Technology Lab Private Ltd increased its holdings in T-Mobile US by 132.8%, owning 8,270 shares valued at approximately $2.2 million by the end of the first quarter.
• Insider selling included the sale of 69,840 shares by Director Telekom Ag Deutsche for over $16.6 million, representing a minor decrease in ownership.
• T-Mobile US reported a 6.9% increase in quarterly revenue year-over-year, with earnings per share of $2.84, surpassing analyst expectations.

Dynamic Technology Lab Private Ltd raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 132.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,270 shares of the Wireless communications provider's stock after purchasing an additional 4,717 shares during the period. Dynamic Technology Lab Private Ltd's holdings in T-Mobile US were worth $2,206,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Coordinated Financial Services Inc. CO purchased a new stake in T-Mobile US during the 1st quarter valued at $691,000. Talon Private Wealth LLC lifted its holdings in shares of T-Mobile US by 4,405.1% during the 1st quarter. Talon Private Wealth LLC now owns 9,641 shares of the Wireless communications provider's stock valued at $2,556,000 after buying an additional 9,427 shares during the period. UniSuper Management Pty Ltd increased its position in T-Mobile US by 0.6% during the first quarter. UniSuper Management Pty Ltd now owns 173,432 shares of the Wireless communications provider's stock valued at $46,256,000 after acquiring an additional 969 shares during the last quarter. Rise Advisors LLC increased its position in T-Mobile US by 23.3% during the first quarter. Rise Advisors LLC now owns 302 shares of the Wireless communications provider's stock valued at $81,000 after acquiring an additional 57 shares during the last quarter. Finally, Plancorp LLC purchased a new stake in T-Mobile US during the first quarter valued at $280,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 2,488,250 shares of company stock valued at $593,252,506 over the last quarter. 0.37% of the stock is currently owned by insiders.

T-Mobile US Trading Up 0.3%

Shares of T-Mobile US stock opened at $252.76 on Friday. The company has a market capitalization of $284.46 billion, a P/E ratio of 23.85, a P/E/G ratio of 1.38 and a beta of 0.61. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The company has a fifty day moving average of $243.02 and a 200 day moving average of $247.50. T-Mobile US, Inc. has a fifty-two week low of $192.61 and a fifty-two week high of $276.49.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on TMUS. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. KeyCorp reiterated an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada lifted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and an average target price of $258.02.

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.

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