T-Mobile US, Inc. (NASDAQ:TMUS) was the recipient of a significant decrease in short interest in December. As of December 29th, there was short interest totalling 8,131,413 shares, a decrease of 64.8% from the December 15th total of 23,126,899 shares. Based on an average trading volume of 2,990,052 shares, the days-to-cover ratio is presently 2.7 days. Approximately 2.8% of the company’s stock are short sold.

Shares of T-Mobile US (NASDAQ:TMUS) opened at $63.84 on Friday. The company has a market capitalization of $53,150.00, a P/E ratio of 25.04, a P/E/G ratio of 1.05 and a beta of 0.29. T-Mobile US has a 52-week low of $54.60 and a 52-week high of $68.88. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.80.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.17. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The business had revenue of $10.02 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the prior year, the firm posted $0.27 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. equities analysts expect that T-Mobile US will post 2.41 EPS for the current year.

T-Mobile US announced that its board has approved a stock buyback program on Wednesday, December 6th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the Wireless communications provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Several research firms have recently issued reports on TMUS. Moffett Nathanson restated a “neutral” rating on shares of T-Mobile US in a report on Thursday, October 12th. BidaskClub downgraded shares of T-Mobile US from a “hold” rating to a “sell” rating in a report on Saturday, September 30th. Royal Bank of Canada restated a “buy” rating and set a $76.00 price objective on shares of T-Mobile US in a report on Tuesday, October 3rd. KeyCorp restated a “buy” rating and set a $76.00 price objective on shares of T-Mobile US in a report on Tuesday, January 2nd. Finally, Robert W. Baird restated a “hold” rating and set a $70.00 price objective on shares of T-Mobile US in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $69.86.

In other news, EVP Elizabeth A. Mcauliffe sold 4,310 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $64.10, for a total transaction of $276,271.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP David A. Miller sold 15,000 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $62.78, for a total transaction of $941,700.00. Following the transaction, the executive vice president now owns 104,448 shares in the company, valued at approximately $6,557,245.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,620 shares of company stock worth $4,708,192. Corporate insiders own 0.29% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in TMUS. Victory Capital Management Inc. boosted its position in T-Mobile US by 21.4% in the 2nd quarter. Victory Capital Management Inc. now owns 21,986 shares of the Wireless communications provider’s stock worth $1,333,000 after purchasing an additional 3,877 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in T-Mobile US by 30.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,830 shares of the Wireless communications provider’s stock worth $353,000 after purchasing an additional 1,363 shares in the last quarter. Principal Financial Group Inc. boosted its position in T-Mobile US by 83.3% in the 2nd quarter. Principal Financial Group Inc. now owns 51,383 shares of the Wireless communications provider’s stock worth $3,114,000 after purchasing an additional 23,347 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in T-Mobile US in the 2nd quarter worth approximately $352,000. Finally, Engineers Gate Manager LP boosted its position in T-Mobile US by 30.9% in the 2nd quarter. Engineers Gate Manager LP now owns 10,992 shares of the Wireless communications provider’s stock worth $666,000 after purchasing an additional 2,593 shares in the last quarter. Institutional investors and hedge funds own 34.93% of the company’s stock.

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About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

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