Teachers Retirement System of The State of Kentucky decreased its holdings in T-Mobile US Inc (NASDAQ:TMUS) by 11.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 274,172 shares of the Wireless communications provider’s stock after selling 33,800 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in T-Mobile US were worth $17,413,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tybourne Capital Management HK Ltd. purchased a new stake in T-Mobile US during the 4th quarter worth approximately $272,331,000. Maverick Capital Ltd. increased its stake in T-Mobile US by 103.0% during the 4th quarter. Maverick Capital Ltd. now owns 3,349,036 shares of the Wireless communications provider’s stock worth $212,697,000 after buying an additional 1,699,036 shares in the last quarter. Two Sigma Investments LP purchased a new stake in T-Mobile US during the 4th quarter worth approximately $96,296,000. Carmignac Gestion increased its stake in T-Mobile US by 32.1% during the 3rd quarter. Carmignac Gestion now owns 5,844,199 shares of the Wireless communications provider’s stock worth $360,353,000 after buying an additional 1,419,024 shares in the last quarter. Finally, DnB Asset Management AS increased its stake in T-Mobile US by 91.0% during 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 buying an additional 1,349,000 shares in the last quarter. 35.68% of the stock is owned by institutional investors.
In related news, CFO J Braxton Carter II sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $65.96, for a total value of $989,400.00. Following the transaction, the chief financial officer now directly owns 199,788 shares in the company, valued at $13,178,016.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Telekom Holding B.V. Deutsche acquired 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was acquired at an average price of $57.79 per share, for a total transaction of $17,337,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 1,840,000 shares of company stock worth $110,974,950 and sold 113,872 shares worth $7,300,318. Corporate insiders own 0.29% of the company’s stock.
T-Mobile US Inc (NASDAQ TMUS) opened at $64.98 on Wednesday. T-Mobile US Inc has a twelve month low of $54.60 and a twelve month high of $68.88. The company has a market capitalization of $55,153.37, a P/E ratio of 12.47, a P/E/G ratio of 0.84 and a beta of 0.46. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.77 and a quick ratio of 0.64.
T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. T-Mobile US had a return on equity of 9.60% and a net margin of 11.19%. The firm had revenue of $10.76 billion for the quarter, compared to analysts’ expectations of $10.84 billion. During the same period in the prior year, the firm posted $0.45 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. equities analysts anticipate 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 repurchase plan on Wednesday, December 6th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the Wireless communications provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
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T-Mobile US Company 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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