Nomura Asset Management Co. Ltd. lifted its holdings in T-Mobile US Inc (NASDAQ:TMUS) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,619 shares of the Wireless communications provider’s stock after purchasing an additional 1,716 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in T-Mobile US were worth $3,342,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in TMUS. Maverick Capital Ltd. grew its stake in shares of T-Mobile US by 103.0% in the 4th quarter. Maverick Capital Ltd. now owns 3,349,036 shares of the Wireless communications provider’s stock worth $212,697,000 after purchasing an additional 1,699,036 shares during the last quarter. Carmignac Gestion grew its stake in shares of T-Mobile US by 32.1% in the 3rd quarter. Carmignac Gestion now owns 5,844,199 shares of the Wireless communications provider’s stock worth $360,353,000 after purchasing an additional 1,419,024 shares during the last quarter. DnB Asset Management AS grew its stake in shares of T-Mobile US by 91.0% in the 4th quarter. DnB Asset Management AS now owns 2,831,015 shares of the Wireless communications provider’s stock worth $179,798,000 after purchasing an additional 1,349,000 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of T-Mobile US by 207.7% in the 4th quarter. Allianz Asset Management GmbH now owns 1,931,620 shares of the Wireless communications provider’s stock worth $122,677,000 after purchasing an additional 1,303,943 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of T-Mobile US by 1,193.4% in the 4th quarter. American Century Companies Inc. now owns 1,135,630 shares of the Wireless communications provider’s stock worth $72,124,000 after purchasing an additional 1,047,831 shares during the last quarter. 35.68% of the stock is currently owned by institutional investors.
Shares of T-Mobile US Inc (NASDAQ:TMUS) opened at $64.98 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.64 and a debt-to-equity ratio of 1.30. The company has a market cap of $55,150.00, a P/E ratio of 12.50, a P/E/G ratio of 0.86 and a beta of 0.38. T-Mobile US Inc has a fifty-two week low of $54.60 and a fifty-two week high of $68.88.
T-Mobile US announced that its board has initiated a share buyback plan on Wednesday, December 6th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the Wireless communications provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
Several equities analysts have recently issued reports on TMUS shares. Deutsche Bank lifted 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. UBS Group raised shares of T-Mobile US from an “outperform” rating to a “strong-buy” rating in a research note on Friday, February 9th. Moffett Nathanson raised shares of T-Mobile US from a “neutral” rating to a “buy” rating in a research report on Monday, November 27th. KeyCorp reissued 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 shares of T-Mobile US from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and four have assigned a strong buy rating to the company’s stock. T-Mobile US has a consensus rating of “Buy” and an average target price of $70.65.
In other T-Mobile US news, insider Thomas Christopher Keys sold 25,000 shares of T-Mobile US stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $65.50, for a total value of $1,637,500.00. Following the completion of the sale, the insider now directly owns 406,883 shares in the company, valued at $26,650,836.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David A. Miller sold 15,000 shares of T-Mobile US stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $62.78, for a total transaction of $941,700.00. Following the completion of the sale, the executive vice president now owns 104,448 shares of the company’s stock, valued at $6,557,245.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 1,840,000 shares of company stock valued at $110,974,950 and have sold 113,872 shares valued at $7,300,318. Company insiders own 0.29% of the company’s stock.
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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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