Rhumbline Advisers Cuts Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Rhumbline Advisers decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 924,867 shares of the Wireless communications provider's stock after selling 50,879 shares during the quarter. Rhumbline Advisers owned 0.08% of T-Mobile US worth $246,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TMUS. Rakuten Securities Inc. lifted its position in T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 62 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in T-Mobile US in the fourth quarter valued at approximately $28,000. Financial Life Planners bought a new stake in T-Mobile US in the fourth quarter valued at approximately $29,000. Adirondack Trust Co. lifted its position in T-Mobile US by 366.7% in the first 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 during the last quarter. Finally, Pinney & Scofield Inc. bought a new position in shares of T-Mobile US during the fourth quarter valued at approximately $39,000. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

TMUS stock traded up $3.72 during trading on Thursday, reaching $245.68. The stock had a trading volume of 1,143,340 shares, compared to its average volume of 4,161,449. T-Mobile US, Inc. has a 52 week low of $171.18 and a 52 week high of $276.49. The stock's 50 day moving average is $249.38 and its two-hundred day moving average is $243.93. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a market cap of $278.96 billion, a PE ratio of 25.41, a PEG ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted 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. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter last year, the company earned $2.00 earnings per share. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Analyst Ratings Changes

TMUS has been the subject of a number of recent analyst reports. Hsbc Global Res cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. upped their price target on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. Benchmark reaffirmed a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Tigress Financial upped their price target on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.