HBK Investments L P grew its stake in shares of T-Mobile US Inc (NASDAQ:TMUS) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 350,500 shares of the Wireless communications provider’s stock after purchasing an additional 9,900 shares during the quarter. HBK Investments L P’s holdings in T-Mobile US were worth $22,260,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. BTC Capital Management Inc. boosted its stake in shares of T-Mobile US by 26.3% during the fourth quarter. BTC Capital Management Inc. now owns 5,419 shares of the Wireless communications provider’s stock valued at $345,000 after purchasing an additional 1,128 shares during the period. Nisa Investment Advisors LLC lifted its stake in T-Mobile US by 1.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 95,245 shares of the Wireless communications provider’s stock worth $6,049,000 after acquiring an additional 1,154 shares during the period. Oribel Capital Management LP lifted its stake in T-Mobile US by 3.9% in the third quarter. Oribel Capital Management LP now owns 32,300 shares of the Wireless communications provider’s stock worth $1,991,000 after acquiring an additional 1,200 shares during the period. CMH Wealth Management LLC lifted its stake in T-Mobile US by 5.4% in the fourth quarter. CMH Wealth Management LLC now owns 23,800 shares of the Wireless communications provider’s stock worth $1,524,000 after acquiring an additional 1,210 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in T-Mobile US by 9.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,411 shares of the Wireless communications provider’s stock worth $918,000 after acquiring an additional 1,285 shares during the period. 35.68% of the stock is owned by hedge funds and other institutional investors.
In related news, major shareholder Telekom Holding B.V. Deutsche acquired 300,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were purchased at an average price of $57.79 per share, for a total transaction of $17,337,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 bought 1,840,000 shares of company stock worth $110,974,950 and have sold 88,872 shares worth $5,662,818. Corporate insiders own 0.29% of the company’s stock.
T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.11. T-Mobile US had a net margin of 11.19% and a return on equity of 9.60%. The firm had revenue of $10.76 billion for the quarter, compared to the consensus estimate of $10.84 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. equities research analysts predict that T-Mobile US Inc will post 3.4 EPS for the current year.
T-Mobile US declared that its board has initiated a stock buyback plan on Wednesday, December 6th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the Wireless communications provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
A number of analysts recently weighed in on TMUS shares. Moffett Nathanson raised shares of T-Mobile US from a “neutral” rating to a “buy” rating in a research note on Monday, November 27th. HSBC raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st. Deutsche Bank upped their price objective on shares of T-Mobile US to $72.00 and gave the stock a “buy” rating in a research note on Monday, December 11th. KeyCorp reaffirmed a “buy” rating and issued a $76.00 price objective on shares of T-Mobile US in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research raised shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and four have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $70.24.
ILLEGAL ACTIVITY WARNING: “T-Mobile US Inc (TMUS) Stake Increased by HBK Investments L P” was originally published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2018/03/12/t-mobile-us-inc-tmus-stake-increased-by-hbk-investments-l-p.html.
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.
Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US Inc (NASDAQ:TMUS).
Receive News & Ratings for T-Mobile US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US and related companies with MarketBeat.com's FREE daily email newsletter.