Two Sigma Investments LP Cuts Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Two Sigma Investments LP trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 90.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,790 shares of the Wireless communications provider's stock after selling 205,633 shares during the period. Two Sigma Investments LP's holdings in T-Mobile US were worth $4,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in TMUS. Rakuten Securities Inc. raised its stake in T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 62 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in shares of T-Mobile US during the fourth quarter worth about $28,000. Financial Life Planners acquired a new stake in shares of T-Mobile US during the fourth quarter worth about $29,000. DT Investment Partners LLC increased its position in shares of 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 in the last quarter. Finally, Synergy Investment Management LLC purchased a new stake in shares of T-Mobile US in the 4th quarter valued at about $44,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

TMUS stock traded up $3.31 on Friday, reaching $242.61. 8,312,961 shares of the company's stock were exchanged, compared to its average volume of 4,211,814. The stock has a fifty day moving average of $250.72 and a 200-day moving average of $243.90. 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 firm has a market cap of $275.47 billion, a PE ratio of 25.09, a P/E/G ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a twelve month low of $171.18 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same period in the previous year, the business earned $2.00 earnings per share. T-Mobile US's quarterly revenue was up 6.6% 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.

Analyst Ratings Changes

TMUS has been the topic of a number of research reports. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Royal Bank of Canada raised their target price 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. JPMorgan Chase & Co. lifted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Barclays upped their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Finally, Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus target price of $257.68.

T-Mobile US 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.