Adage Capital Partners GP L.L.C. Has $105.97 Million Stock Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Adage Capital Partners GP L.L.C. has reduced its holdings in T-Mobile US by 12.8%, selling 58,400 shares, and now owns 397,334 shares valued at approximately $105.97 million.
• Several institutional investors made notable changes to their positions, with Wellington Management Group increasing its stake by 1.7% and Goldman Sachs boosting its holdings by 25.4% in the first quarter.
• T-Mobile US reported $2.84 earnings per share for the last quarter, exceeding expectations, and has recently declared a quarterly dividend of $0.88, reflecting a 1.4% annual yield.

Adage Capital Partners GP L.L.C. trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 12.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 397,334 shares of the Wireless communications provider's stock after selling 58,400 shares during the period. Adage Capital Partners GP L.L.C.'s holdings in T-Mobile US were worth $105,973,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its position in T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 94 shares during the period. Godsey & Gibb Inc. lifted its position in T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares during the period. Stone House Investment Management LLC acquired a new stake in T-Mobile US in the first quarter worth approximately $29,000. TCTC Holdings LLC increased its holdings in shares of T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after buying an additional 77 shares in the last quarter. Finally, Adirondack Trust Co. increased its holdings in shares of 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 buying an additional 110 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

TMUS stock traded up $0.64 during mid-day trading on Friday, reaching $252.76. 3,294,176 shares of the stock traded hands, compared to its average volume of 3,654,834. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 52 week low of $192.61 and a 52 week high of $276.49. The business has a 50-day moving average of $242.67 and a two-hundred day moving average of $247.68. The firm has a market capitalization of $284.46 billion, a PE ratio of 23.78, a P/E/G ratio of 1.38 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating 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 company had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same period in the prior year, the company earned $2.49 earnings per share. The business's quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Insider Activity at T-Mobile US

In related news, insider Michael J. Katz sold 2,500 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $251.12, for a total value of $627,800.00. Following the completion of the sale, the insider owned 158,703 shares in the company, valued at approximately $39,853,497.36. This trade represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO G Michael Sievert sold 22,500 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $255.58, for a total transaction of $5,750,550.00. Following the completion of the sale, the chief executive officer owned 358,722 shares of the company's stock, valued at approximately $91,682,168.76. The trade was a 5.90% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,488,250 shares of company stock worth $593,252,506. Company insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Bank of America assumed coverage on T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target on the stock. Morgan Stanley upped their price target on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Royal Bank Of Canada upped their price target on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Finally, Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus target price of $258.02.

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.