Granite Bay Wealth Management LLC cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 8.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,845 shares of the Wireless communications provider's stock after selling 2,318 shares during the quarter. T-Mobile US comprises about 2.2% of Granite Bay Wealth Management LLC's holdings, making the stock its 15th biggest holding. Granite Bay Wealth Management LLC's holdings in T-Mobile US were worth $6,360,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of TMUS. Rakuten Securities Inc. grew its stake in shares of T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 62 shares during the last quarter. CoreFirst Bank & Trust bought a new position in T-Mobile US in the 4th quarter worth about $28,000. Financial Life Planners purchased a new stake in T-Mobile US during the 4th quarter valued at about $29,000. Adirondack Trust Co. increased its stake in T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after purchasing an additional 110 shares in the last quarter. Finally, Pinney & Scofield Inc. bought a new position in shares of T-Mobile US in the fourth quarter worth approximately $39,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.
T-Mobile US Price Performance
TMUS traded up $2.94 during trading on Thursday, reaching $244.90. 2,855,193 shares of the company traded hands, compared to its average volume of 4,168,051. The company has a market cap of $278.07 billion, a P/E ratio of 25.33, a PEG ratio of 1.55 and a beta of 0.69. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a 12-month low of $171.18 and a 12-month high of $276.49. The firm has a fifty day simple moving average of $249.38 and a 200 day simple moving average of $243.93.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. T-Mobile US's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.00 EPS. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.
Analyst Ratings Changes
Several equities analysts have issued reports on TMUS shares. Hsbc Global Res cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Citigroup cut shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price on the stock. in a report on Friday, March 14th. Royal Bank of Canada lifted their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Friday, March 21st. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, Benchmark restated a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $257.68.
View Our Latest Stock Report on T-Mobile US
T-Mobile US Company Profile
(
Free Report)
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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