Sig Brokerage LP acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,565 shares of the Wireless communications provider's stock, valued at approximately $2,994,000.
Several other institutional investors and hedge funds have also modified their holdings of TMUS. Rakuten Securities Inc. increased its holdings in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 62 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in T-Mobile US in the 4th quarter worth about $28,000. Financial Life Planners acquired a new position in T-Mobile US in the 4th quarter worth about $29,000. Albion Financial Group UT acquired a new position in T-Mobile US in the 4th quarter worth about $39,000. Finally, DT Investment Partners LLC increased its holdings in T-Mobile US by 58.8% in the 4th 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. 42.49% of the stock is currently owned by institutional investors.
T-Mobile US Stock Performance
NASDAQ TMUS traded up $2.50 on Friday, reaching $242.66. 4,399,603 shares of the company's stock traded hands, compared to its average volume of 4,237,526. The firm has a market cap of $275.53 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 1.55 and a beta of 0.69. The stock has a 50 day moving average price of $253.96 and a 200-day moving average price of $243.27. T-Mobile US, Inc. has a fifty-two week low of $163.15 and a fifty-two week high of $276.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter in the prior year, the firm posted $2.00 earnings per share. The company's revenue was up 6.6% compared to the same quarter last year. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.
Insider Activity
In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm'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 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.67% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on TMUS shares. Bank of America upped their target price on T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Benchmark reissued a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Oppenheimer increased their price target on T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Citigroup cut T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price for the company. in a research note on Friday, March 14th. Finally, Tigress Financial raised their target price 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 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 company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $257.68.
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About T-Mobile US
(
Free Report)
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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