Schonfeld Strategic Advisors LLC Reduces Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Schonfeld Strategic Advisors LLC lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 52.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,122 shares of the Wireless communications provider's stock after selling 59,797 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in T-Mobile US were worth $11,946,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Norges Bank purchased a new stake in T-Mobile US in the 4th quarter worth about $1,802,393,000. Canada Pension Plan Investment Board lifted its position in shares of T-Mobile US by 85.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock worth $1,329,919,000 after purchasing an additional 2,777,657 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of T-Mobile US in the 4th quarter worth approximately $452,721,000. Capital International Investors raised its stake in shares of T-Mobile US by 36.2% in 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, Barclays PLC increased its position in T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after purchasing an additional 876,182 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TMUS has been the subject of a number of analyst reports. 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. Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a report on Thursday, January 23rd. Barclays increased their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research report on Tuesday, March 18th. Finally, Citigroup cut shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective on the stock. in a research report on Friday, March 14th. Ten 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $257.68.

T-Mobile US Stock Up 0.3 %

Shares of NASDAQ:TMUS traded up $0.86 during mid-day trading on Tuesday, hitting $249.16. 799,780 shares of the company traded hands, compared to its average volume of 4,227,490. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock has a 50-day moving average price of $257.82 and a two-hundred day moving average price of $242.08. T-Mobile US, Inc. has a 12-month low of $161.61 and a 12-month high of $276.49. The stock has a market cap of $282.91 billion, a P/E ratio of 25.76, a P/E/G ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly 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 company had revenue of $20.89 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.00 earnings per share. On average, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.41%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is currently 34.34%.

Insiders Place Their Bets

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 value of $191,990.00. Following the sale, the director now 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.67% of the company's stock.

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.