T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 144.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 204,000 shares of the Wireless communications provider's stock after acquiring an additional 120,500 shares during the period. Polar Asset Management Partners Inc.'s holdings in T-Mobile US were worth $45,029,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TMUS. Rakuten Securities Inc. raised its position in T-Mobile US by 93.9% during 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 period. CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US in the fourth quarter valued at about $28,000. Financial Life Planners acquired a new stake in shares of T-Mobile US in the fourth quarter valued at about $29,000. Pinney & Scofield Inc. acquired a new stake in T-Mobile US during the fourth quarter worth about $39,000. Finally, DT Investment Partners LLC increased its position in T-Mobile US by 58.8% during the fourth quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider's stock worth $42,000 after purchasing an additional 70 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now directly owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

NASDAQ:TMUS traded down $2.21 during midday trading on Thursday, reaching $239.30. The stock had a trading volume of 3,123,764 shares, compared to its average volume of 4,229,034. The firm has a fifty day simple moving average of $251.43 and a two-hundred day simple moving average of $243.80. T-Mobile US, Inc. has a 12-month low of $167.13 and a 12-month high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The stock has a market cap of $271.71 billion, a P/E ratio of 24.75, a P/E/G ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results 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 company 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 business's revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.00 EPS. On average, equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on TMUS. Royal Bank of Canada raised their price objective 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. Barclays raised their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Bank of America raised their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Hsbc Global Res cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Eleven 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $257.68.

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.