AMP Capital Investors Ltd reduced its position in T-Mobile US Inc (NASDAQ:TMUS) by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 220,924 shares of the Wireless communications provider’s stock after selling 34,048 shares during the quarter. AMP Capital Investors Ltd’s holdings in T-Mobile US were worth $14,031,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. James Investment Research Inc. raised its position in shares of T-Mobile US by 16.4% in the 4th quarter. James Investment Research Inc. now owns 30,500 shares of the Wireless communications provider’s stock worth $1,937,000 after buying an additional 4,300 shares during the period. Dana Investment Advisors Inc. raised its position in shares of T-Mobile US by 0.8% in the 3rd quarter. Dana Investment Advisors Inc. now owns 299,119 shares of the Wireless communications provider’s stock worth $18,444,000 after buying an additional 2,460 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of T-Mobile US by 4.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 401,300 shares of the Wireless communications provider’s stock worth $25,861,000 after buying an additional 18,030 shares during the period. Principal Financial Group Inc. raised its position in shares of T-Mobile US by 108.6% in the 3rd quarter. Principal Financial Group Inc. now owns 107,166 shares of the Wireless communications provider’s stock worth $6,608,000 after buying an additional 55,783 shares during the period. Finally, Ferris Capital LLC purchased a new position in shares of T-Mobile US in the 4th quarter worth $606,000. 35.68% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently weighed in on TMUS. BidaskClub raised T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, March 3rd. ValuEngine lowered T-Mobile US from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Zacks Investment Research lowered T-Mobile US from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Bank of America raised their price objective on T-Mobile US from $40.00 to $45.00 and gave the company an “underperform” rating in a research report on Friday, February 9th. Finally, Raymond James Financial raised T-Mobile US from an “outperform” rating to a “strong-buy” rating in a research report on Friday, February 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and four have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $70.24.
Shares of T-Mobile US Inc (NASDAQ:TMUS) opened at $64.55 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.64 and a current ratio of 0.77. The firm has a market capitalization of $55,750.00, a PE ratio of 12.41, a PEG ratio of 0.86 and a beta of 0.38. T-Mobile US Inc has a 52 week low of $54.60 and a 52 week high of $68.88.
T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.11. The company had revenue of $10.76 billion during the quarter, compared to the consensus estimate of $10.84 billion. T-Mobile US had a return on equity of 9.60% and a net margin of 11.19%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share. sell-side analysts predict that T-Mobile US Inc will post 3.4 EPS for the current fiscal year.
T-Mobile US declared that its board has approved a share buyback program on Wednesday, December 6th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the Wireless communications provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
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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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