Ieq Capital LLC increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) by 38.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,761 shares of the Wireless communications provider’s stock after acquiring an additional 8,010 shares during the quarter. Ieq Capital LLC’s holdings in T-Mobile US were worth $3,859,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Republic Investment Management Inc. increased its holdings in T-Mobile US by 56.3% in the 3rd quarter. First Republic Investment Management Inc. now owns 54,585 shares of the Wireless communications provider’s stock worth $7,324,000 after acquiring an additional 19,657 shares in the last quarter. Sustainable Insight Capital Management LLC increased its holdings in T-Mobile US by 548.3% in the 3rd quarter. Sustainable Insight Capital Management LLC now owns 36,635 shares of the Wireless communications provider’s stock worth $4,915,000 after acquiring an additional 30,984 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in T-Mobile US by 4.4% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 91,493 shares of the Wireless communications provider’s stock worth $12,276,000 after acquiring an additional 3,837 shares in the last quarter. Coastline Trust Co increased its holdings in T-Mobile US by 48.8% in the 3rd quarter. Coastline Trust Co now owns 6,400 shares of the Wireless communications provider’s stock worth $859,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Mutual Advisors LLC increased its holdings in T-Mobile US by 9.0% in the 3rd quarter. Mutual Advisors LLC now owns 3,613 shares of the Wireless communications provider’s stock worth $485,000 after acquiring an additional 298 shares in the last quarter. Hedge funds and other institutional investors own 42.86% of the company’s stock.
Analyst Ratings Changes
A number of equity research analysts have recently issued reports on the stock. Royal Bank of Canada set a $166.00 target price on shares of T-Mobile US in a report on Thursday, January 5th. The Goldman Sachs Group set a $180.00 target price on shares of T-Mobile US in a report on Tuesday, January 10th. UBS Group set a $180.00 target price on shares of T-Mobile US in a report on Thursday, January 5th. Wolfe Research lowered shares of T-Mobile US from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 3rd. Finally, StockNews.com initiated coverage on shares of T-Mobile US in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.83.
Insider Buying and Selling at T-Mobile US
In other T-Mobile US news, CAO Dara Bazzano sold 1,700 shares of the company’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $153.46, for a total value of $260,882.00. Following the transaction, the chief accounting officer now owns 9,551 shares of the company’s stock, valued at $1,465,696.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Dara Bazzano sold 1,700 shares of the stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $153.46, for a total transaction of $260,882.00. Following the sale, the chief accounting officer now owns 9,551 shares of the company’s stock, valued at $1,465,696.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $150.76, for a total transaction of $150,760.00. Following the sale, the director now directly owns 3,980 shares in the company, valued at approximately $600,024.80. The disclosure for this sale can be found here. Insiders have sold 73,450 shares of company stock valued at $11,045,767 over the last 90 days. 0.68% of the stock is owned by insiders.
T-Mobile US Trading Down 0.0%
NASDAQ TMUS opened at $145.12 on Monday. The firm’s 50-day moving average is $145.50 and its two-hundred day moving average is $142.62. T-Mobile US, Inc. has a 12 month low of $101.51 and a 12 month high of $154.38. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.81 and a quick ratio of 0.73. The stock has a market capitalization of $180.55 billion, a P/E ratio of 118.95, a PEG ratio of 0.82 and a beta of 0.55.
T-Mobile US (NASDAQ:TMUS – Get Rating) last posted its earnings results on Thursday, October 27th. The Wireless communications provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). T-Mobile US had a net margin of 1.92% and a return on equity of 6.29%. The company had revenue of $19.48 billion during the quarter, compared to analyst estimates of $19.98 billion. During the same period in the previous year, the company earned $0.55 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 2.02 earnings per share for the current year.
T-Mobile US Profile
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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 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.
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