Woodline Partners LP Purchases Shares of 4,410 T-Mobile US, Inc. (NASDAQ:TMUS)

Woodline Partners LP bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,410 shares of the Wireless communications provider's stock, valued at approximately $973,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vident Advisory LLC lifted its holdings in shares of T-Mobile US by 203.5% in the 4th quarter. Vident Advisory LLC now owns 104,310 shares of the Wireless communications provider's stock worth $23,025,000 after acquiring an additional 69,940 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of T-Mobile US by 360.9% in the 4th quarter. Westwood Holdings Group Inc. now owns 535,449 shares of the Wireless communications provider's stock valued at $118,190,000 after purchasing an additional 419,286 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of T-Mobile US by 1,573.1% in the 4th quarter. Two Sigma Advisers LP now owns 18,421 shares of the Wireless communications provider's stock valued at $4,066,000 after purchasing an additional 17,320 shares in the last quarter. Texas Bank & Trust Co acquired a new stake in shares of T-Mobile US in the 4th quarter valued at $263,000. Finally, Stonebrook Private Inc. purchased a new position in shares of T-Mobile US in the 4th quarter valued at $207,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several research reports. UBS Group downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Wall Street Zen cut shares of T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Hsbc Global Res downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. HSBC downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a report on Wednesday, March 5th. Finally, Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus price target of $257.68.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction that occurred 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 transaction, the director now directly owns 3,291 shares of the company's stock, valued at approximately $865,533. This trade represents a 18.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.37% of the company's stock.

T-Mobile US Stock Up 1.4%

TMUS stock traded up $3.31 during trading hours on Friday, reaching $242.61. 8,312,961 shares of the stock were exchanged, compared to its average volume of 4,211,814. The firm's 50-day moving average is $250.72 and its 200-day moving average is $243.85. The company has a market cap of $275.47 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 1.55 and a beta of 0.69. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a 12 month low of $171.18 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its 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. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. T-Mobile US's revenue was up 6.6% on a year-over-year basis. During the same period last year, the business posted $2.00 EPS. On average, equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

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.