Sunbeam Capital Management LLC Makes New Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Sunbeam Capital Management LLC purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,742 shares of the Wireless communications provider's stock, valued at approximately $385,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. grew its stake 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 buying an additional 62 shares during the period. CoreFirst Bank & Trust bought a new position in T-Mobile US during the 4th quarter worth approximately $28,000. Financial Life Planners bought a new position in T-Mobile US during the 4th quarter worth approximately $29,000. Pinney & Scofield Inc. acquired a new stake in shares of T-Mobile US during the 4th quarter worth approximately $39,000. Finally, DT Investment Partners LLC raised its position in shares of T-Mobile US by 58.8% during the 4th 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 period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on TMUS shares. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday. Barclays raised their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Oppenheimer raised their price objective on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Citigroup cut 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. Finally, Bank of America lifted their price objective on T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $257.68.

T-Mobile US Stock Performance

NASDAQ:TMUS traded down $1.85 during trading hours on Wednesday, hitting $241.51. 2,466,679 shares of the company traded hands, compared to its average volume of 4,233,444. The stock has a market capitalization of $274.22 billion, a price-to-earnings ratio of 24.98, a P/E/G ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a twelve month low of $167.13 and a twelve month high of $276.49. The firm has a 50-day moving average of $251.72 and a 200 day moving average of $243.82. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $20.67 billion. During the same period in the previous year, the company posted $2.00 earnings per share. The company's quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

Insider Buying and Selling at T-Mobile US

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

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.