SGL Investment Advisors Inc. Buys 3,303 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

SGL Investment Advisors Inc. raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 307.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,378 shares of the Wireless communications provider's stock after buying an additional 3,303 shares during the quarter. SGL Investment Advisors Inc.'s holdings in T-Mobile US were worth $966,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TMUS. Ancora Advisors LLC boosted its position in shares of T-Mobile US by 16.6% during the 4th quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock valued at $57,000 after acquiring an additional 37 shares during the last quarter. Signaturefd LLC grew its stake in T-Mobile US by 0.4% in the fourth quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock worth $2,499,000 after purchasing an additional 41 shares during the period. JSF Financial LLC grew its stake in T-Mobile US by 0.9% in the fourth quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider's stock worth $1,117,000 after purchasing an additional 44 shares during the period. D Orazio & Associates Inc. grew its stake in T-Mobile US by 3.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider's stock worth $290,000 after purchasing an additional 47 shares during the period. Finally, Warren Street Wealth Advisors LLC boosted its holdings in T-Mobile US by 4.3% in the fourth quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider's stock worth $252,000 after acquiring an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction dated Wednesday, March 5th. The stock was 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 owns 3,291 shares in the company, valued at approximately $865,533. This trade represents a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TMUS shares. JPMorgan Chase & Co. upped their price target on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Evercore ISI raised T-Mobile US to a "strong-buy" rating in a report on Thursday, January 23rd. Benchmark reaffirmed a "buy" rating and set a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. Finally, Bank of America increased their target price on T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and an average target price of $257.68.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded up $2.50 during trading on Friday, hitting $242.66. 4,399,603 shares of the company's stock were exchanged, compared to its average volume of 4,237,526. 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 52-week low of $163.15 and a 52-week high of $276.49. The business's 50-day simple moving average is $253.96 and its 200 day simple moving average is $243.27. The company has a market cap of $275.53 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. During the same quarter last year, the business posted $2.00 earnings per share. The firm's revenue was up 6.6% on a year-over-year basis. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

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.