GF Fund Management CO. LTD. Takes $48.57 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

GF Fund Management CO. LTD. bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 220,031 shares of the Wireless communications provider’s stock, valued at approximately $48,567,000. T-Mobile US accounts for about 1.1% of GF Fund Management CO. LTD.’s portfolio, making the stock its 14th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of TMUS. Rakuten Securities Inc. increased its position in T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 62 shares during the period. CoreFirst Bank & Trust bought a new position in T-Mobile US during the fourth quarter worth $28,000. Financial Life Planners bought a new position in T-Mobile US during the fourth quarter worth $29,000. Pinney & Scofield Inc. bought a new position in T-Mobile US during the fourth quarter worth $39,000. Finally, DT Investment Partners LLC increased its position in T-Mobile US by 58.8% during the fourth quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider’s stock worth $42,000 after acquiring an additional 70 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.9%

Shares of NASDAQ:TMUS opened at $242.88 on Friday. T-Mobile US, Inc. has a 52 week low of $164.76 and a 52 week high of $276.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The company’s fifty day moving average is $252.32 and its 200-day moving average is $243.60. The company has a market capitalization of $275.78 billion, a PE ratio of 25.12, a P/E/G ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter in the previous year, the company earned $2.00 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at $865,533. The trade was a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TMUS has been the topic of a number of research reports. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Royal Bank of Canada lifted their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Friday, March 21st. Oppenheimer lifted their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Scotiabank upgraded shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Finally, Wall Street Zen downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating in a research note on Saturday. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $257.68.

T-Mobile US Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.