Novem Group Makes New Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Novem Group bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,190 shares of the Wireless communications provider's stock, valued at approximately $263,000.

Other hedge funds have also added to or reduced their stakes in the company. 10Elms LLP bought a new position in T-Mobile US during the fourth quarter worth $42,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in T-Mobile US by 5.5% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 237,341 shares of the Wireless communications provider's stock valued at $52,388,000 after buying an additional 12,306 shares in the last quarter. Focus Partners Advisor Solutions LLC increased its position in T-Mobile US by 35.2% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 2,903 shares of the Wireless communications provider's stock valued at $641,000 after buying an additional 756 shares in the last quarter. Continuum Advisory LLC increased its position in T-Mobile US by 0.7% in the 4th quarter. Continuum Advisory LLC now owns 6,069 shares of the Wireless communications provider's stock valued at $1,340,000 after buying an additional 43 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in T-Mobile US in the 4th quarter valued at about $70,000. 42.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company's stock, valued at approximately $865,533. This represents a 18.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. 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. Oppenheimer increased their target price on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Hsbc Global Res cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a report on Thursday, January 23rd. Finally, Bank of America boosted their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $257.68.

T-Mobile US Stock Up 0.0%

Shares of NASDAQ:TMUS opened at $240.82 on Friday. The company has a market capitalization of $273.44 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69. 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 business has a fifty day moving average price of $252.68 and a two-hundred day moving average price of $243.49. T-Mobile US, Inc. has a 1 year low of $164.21 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 earnings per share. Analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

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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