Lecap Asset Management Ltd. Invests $770,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Lecap Asset Management Ltd. purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,887 shares of the Wireless communications provider's stock, valued at approximately $770,000.

Other hedge funds have also modified their holdings of the company. Avantax Advisory Services Inc. increased its holdings in shares of T-Mobile US by 5.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider's stock worth $8,272,000 after acquiring an additional 1,859 shares in the last quarter. Burling Wealth Partners LLC acquired a new position in shares of T-Mobile US during the 4th quarter worth approximately $2,539,000. Mizuho Securities USA LLC increased its holdings in T-Mobile US by 45.4% during the fourth quarter. Mizuho Securities USA LLC now owns 46,195 shares of the Wireless communications provider's stock worth $10,197,000 after buying an additional 14,418 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of T-Mobile US in the 4th quarter valued at about $452,721,000. Finally, GC Wealth Management RIA LLC lifted its position in shares of T-Mobile US by 14.3% in the fourth quarter. GC Wealth Management RIA LLC now owns 12,703 shares of the Wireless communications provider's stock valued at $2,804,000 after buying an additional 1,592 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Price Performance

TMUS stock traded up $2.86 during midday trading on Friday, reaching $234.28. 942,682 shares of the stock were exchanged, compared to its average volume of 4,064,060. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49. The company has a fifty day moving average price of $240.54 and a 200 day moving average price of $242.79. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08. The stock has a market capitalization of $266.01 billion, a PE ratio of 22.85, a P/E/G ratio of 1.27 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released 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. The company had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.00 earnings per share. As a group, analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is currently 34.34%.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $221.67, for a total transaction of $15,481,432.80. Following the completion of the transaction, the director now directly owns 648,429,084 shares in the company, valued at $143,737,275,050.28. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have sold 419,040 shares of company stock valued at $94,880,434. 0.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on TMUS shares. Tigress Financial upped their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Hsbc Global Res lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Citigroup cut T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective on the stock. in a research report on Friday, March 14th. Finally, Royal Bank Of Canada boosted their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, March 21st. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $257.68.

About T-Mobile US

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.