Quantinno Capital Management LP Grows Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Quantinno Capital Management LP lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 75,397 shares of the Wireless communications provider's stock after purchasing an additional 11,002 shares during the period. Quantinno Capital Management LP's holdings in T-Mobile US were worth $16,642,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TMUS. Norges Bank bought a new stake in T-Mobile US in the 4th quarter worth $1,802,393,000. Canada Pension Plan Investment Board raised 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 last quarter. Raymond James Financial Inc. bought a new position in shares of T-Mobile US during the fourth quarter valued at about $452,721,000. Capital International Investors raised its stake 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 valued at $1,440,424,000 after acquiring an additional 1,734,998 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of T-Mobile US by 38.8% during the fourth quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider's stock valued at $764,947,000 after acquiring an additional 968,444 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction on Wednesday, March 5th. The shares were 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 directly owns 3,291 shares of the company's stock, valued at $865,533. This trade represents a 18.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several recent analyst reports. UBS Group downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Tigress Financial boosted their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Oppenheimer boosted their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Bank of America boosted their price target on shares of T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Finally, Evercore ISI raised shares of T-Mobile US to a "strong-buy" rating in a research note on Thursday, January 23rd. Ten investment 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Stock Performance

TMUS traded up $3.02 during trading on Monday, hitting $245.68. The company's stock had a trading volume of 1,186,261 shares, compared to its average volume of 4,225,214. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a one year low of $163.15 and a one year high of $276.49. The firm has a market cap of $278.96 billion, a PE ratio of 25.41, a P/E/G ratio of 1.55 and a beta of 0.69. The business's 50 day simple moving average is $253.96 and its 200-day simple moving average is $243.27.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.48 by $0.10. The firm had revenue of $20.89 billion for 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%. The company's revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $2.00 EPS. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal 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.