Halcyon Management Partners LP acquired a new stake in T-Mobile US Inc (NASDAQ:TMUS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 51,509 shares of the Wireless communications provider’s stock, valued at approximately $3,270,000. T-Mobile US accounts for about 0.5% of Halcyon Management Partners LP’s holdings, making the stock its 23rd largest position.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Two Sigma Investments LP acquired a new position in T-Mobile US in the 4th quarter valued at about $96,296,000. Two Sigma Advisers LP grew its position in T-Mobile US by 626.4% in the 4th quarter. Two Sigma Advisers LP now owns 409,124 shares of the Wireless communications provider’s stock valued at $25,983,000 after acquiring an additional 352,800 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new position in T-Mobile US in the 4th quarter valued at about $5,198,000. Guggenheim Capital LLC grew its position in T-Mobile US by 53.6% in the 4th quarter. Guggenheim Capital LLC now owns 239,067 shares of the Wireless communications provider’s stock valued at $15,183,000 after acquiring an additional 83,426 shares in the last quarter. Finally, Tybourne Capital Management HK Ltd. acquired a new position in T-Mobile US in the 4th quarter valued at about $272,331,000. Hedge funds and other institutional investors own 35.68% of the company’s stock.
Several equities analysts have weighed in on TMUS shares. Deutsche Bank lifted their target price on T-Mobile US to $72.00 and gave the company a “buy” rating in a research report on Monday, December 11th. UBS Group raised T-Mobile US from an “outperform” rating to a “strong-buy” rating in a research report on Friday, February 9th. Moffett Nathanson raised T-Mobile US from a “neutral” rating to a “buy” rating in a research report on Monday, November 27th. KeyCorp reaffirmed a “buy” rating and issued a $76.00 target price on shares of T-Mobile US in a research report on Tuesday, January 2nd. Finally, BidaskClub raised T-Mobile US from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and four have issued a strong buy rating to the company’s stock. T-Mobile US currently has an average rating of “Buy” and an average target price of $70.24.
Shares of T-Mobile US Inc (TMUS) opened at $65.25 on Monday. The firm has a market capitalization of $55,751.46, a P/E ratio of 29.13, a P/E/G ratio of 0.86 and a beta of 0.46. T-Mobile US Inc 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 1.30, a quick ratio of 0.64 and a current ratio of 0.77.
T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.11. The firm had revenue of $10.76 billion during the quarter, compared to analysts’ expectations of $10.84 billion. T-Mobile US had a return on equity of 9.60% and a net margin of 11.19%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. analysts forecast that T-Mobile US Inc will post 3.4 EPS for the current year.
T-Mobile US announced that its board has authorized a stock repurchase program on Wednesday, December 6th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the Wireless communications provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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T-Mobile US Profile
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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