Exchange Traded Concepts LLC Has $4.84 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Exchange Traded Concepts LLC lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 67.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,133 shares of the Wireless communications provider's stock after selling 38,388 shares during the quarter. Exchange Traded Concepts LLC's holdings in T-Mobile US were worth $4,836,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TMUS. Ancora Advisors LLC boosted its position in T-Mobile US by 16.6% in the 4th quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock valued at $57,000 after buying an additional 37 shares during the last quarter. Snowden Capital Advisors LLC boosted 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 valued at $1,411,000 after acquiring an additional 40 shares during the last quarter. Signaturefd LLC increased its position 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 during the period. Financial Management Professionals Inc. increased its position 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 during the period. Finally, Continuum Advisory LLC lifted its position in T-Mobile US by 0.7% during the 4th quarter. Continuum Advisory LLC now owns 6,069 shares of the Wireless communications provider's stock valued at $1,340,000 after purchasing an additional 43 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on TMUS shares. Hsbc Global Res cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. UBS Group lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Benchmark reiterated a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. Tigress Financial raised their price target on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Finally, Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price for the company. in a research report on Friday, March 14th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $257.68.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $228.00 on Monday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The firm 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. T-Mobile US, Inc. has a one year low of $173.74 and a one year high of $276.49. The stock's 50-day moving average is $246.27 and its 200-day moving average is $243.82.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating 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 analysts' expectations of $20.67 billion. During the same quarter in the previous year, the business posted $2.00 EPS. The business's quarterly revenue was up 6.6% compared to the same quarter last year. 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 disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio is presently 34.34%.

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.

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