Magnetar Financial LLC Purchases Shares of 1,429 T-Mobile US, Inc. $TMUS

Key Points

• Magnetar Financial LLC has made a new investment in T-Mobile US, purchasing 1,429 shares valued at approximately $381,000 during the 1st quarter.
• T-Mobile US announced a quarterly dividend of $0.88 per share, reflecting an annualized dividend yield of 1.4%, to be paid on September 11th.
• Analysts have given T-Mobile US an average rating of "Moderate Buy" with a target price of $256.31, with significant recent upgrades and downgrades from various research firms.

Magnetar Financial LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,429 shares of the Wireless communications provider's stock, valued at approximately $381,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TMUS. Wellington Management Group LLP grew its position in shares of T-Mobile US by 1.7% in the 1st quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider's stock valued at $3,426,407,000 after buying an additional 214,224 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock valued at $1,837,399,000 after acquiring an additional 864,030 shares during the last quarter. Goldman Sachs Group Inc. increased its position in T-Mobile US by 25.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock valued at $1,112,886,000 after purchasing an additional 844,932 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in T-Mobile US by 12.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,881,235 shares of the Wireless communications provider's stock worth $856,705,000 after purchasing an additional 423,993 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of T-Mobile US by 38.8% in the 4th quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider's stock worth $764,947,000 after purchasing an additional 968,444 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

NASDAQ:TMUS traded up $0.64 during trading on Friday, reaching $252.76. The company's stock had a trading volume of 3,294,176 shares, compared to its average volume of 4,298,151. The firm has a 50 day moving average of $242.67 and a 200-day moving average of $247.68. 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 firm has a market cap of $284.46 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61. T-Mobile US, Inc. has a 12 month low of $192.61 and a 12 month high of $276.49.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TMUS shares. The Goldman Sachs Group started coverage on shares of T-Mobile US in a research report on Tuesday. They set a "buy" rating and a $286.00 price objective for the company. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Royal Bank Of Canada boosted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Finally, KeyCorp reaffirmed an "underweight" rating and issued a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $258.02.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $256.44, for a total transaction of $17,909,769.60. Following the sale, the director directly owned 635,433,644 shares of the company's stock, valued at $162,950,603,667.36. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael J. Katz sold 2,500 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $251.12, for a total transaction of $627,800.00. Following the sale, the insider directly owned 158,703 shares in the company, valued at $39,853,497.36. The trade was a 1.55% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,488,250 shares of company stock worth $593,252,506. Company insiders own 0.37% of the company's stock.

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.