Gotham Asset Management LLC Has $18 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Gotham Asset Management LLC decreased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,546 shares of the Wireless communications provider's stock after selling 4,744 shares during the period. Gotham Asset Management LLC's holdings in T-Mobile US were worth $18,000,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of T-Mobile US by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock valued at $2,610,542,000 after purchasing an additional 90,755 shares during the last quarter. Invesco Ltd. boosted its position in T-Mobile US by 4.6% in the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock valued at $1,944,503,000 after buying an additional 384,956 shares during the last quarter. Norges Bank acquired a new stake in shares of T-Mobile US in the 4th quarter valued at $1,802,393,000. Capital International Investors raised its position in shares of T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after acquiring an additional 1,734,998 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of T-Mobile US by 85.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after acquiring an additional 2,777,657 shares during the period. Institutional investors own 42.49% of the company's stock.

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 dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.67% of the company's stock.

T-Mobile US Stock Down 1.5 %

TMUS stock opened at $243.81 on Friday. The business has a 50-day moving average of $256.32 and a 200-day moving average of $242.56. T-Mobile US, Inc. has a fifty-two week low of $161.72 and a fifty-two week high of $276.49. The stock has a market capitalization of $276.83 billion, a P/E ratio of 25.21, a P/E/G 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 (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 for the quarter, topping the consensus estimate of $2.48 by $0.10. The company had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The business's quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $2.00 EPS. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on TMUS shares. Barclays upped their target price 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. Evercore ISI upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Thursday, January 23rd. HSBC lowered 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. Wells Fargo & Company reissued an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, Tigress Financial lifted their price objective 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. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.

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