Icon Advisers Inc. Co. Lowers Stake in T-Mobile US Inc (TMUS)
Icon Advisers Inc. Co. cut its holdings in shares of T-Mobile US Inc (NASDAQ:TMUS) by 72.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,100 shares of the Wireless communications provider’s stock after selling 33,700 shares during the period. Icon Advisers Inc. Co.’s holdings in T-Mobile US were worth $832,000 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. Rational Advisors LLC purchased a new position in shares of T-Mobile US during the third quarter worth approximately $105,000. Cerebellum GP LLC purchased a new position in shares of T-Mobile US during the fourth quarter worth approximately $127,000. Capital Bank & Trust Co grew its position in shares of T-Mobile US by 3,128.6% during the third quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock worth $139,000 after acquiring an additional 2,190 shares during the last quarter. Opera Trading Capital purchased a new position in shares of T-Mobile US during the third quarter worth approximately $154,000. Finally, Renaissance Group LLC purchased a new position in shares of T-Mobile US during the third quarter worth approximately $201,000. Institutional investors and hedge funds own 35.05% of the company’s stock.
In other T-Mobile US news, EVP Peter A. Ewens sold 10,000 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $65.05, for a total value of $650,500.00. Following the completion of the sale, the executive vice president now owns 146,434 shares of the company’s stock, valued at $9,525,531.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO J Braxton Carter II sold 15,000 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $65.96, for a total value of $989,400.00. Following the completion of the sale, the chief financial officer now directly owns 199,788 shares of the company’s stock, valued at approximately $13,178,016.48. The disclosure for this sale can be found here. In the last three months, insiders sold 73,620 shares of company stock valued at $4,708,192. 0.29% of the stock is owned by corporate insiders.
T-Mobile US (NASDAQ:TMUS) last released its earnings results 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 9.96% and a net margin of 11.19%. The company had revenue of $10.76 billion during the quarter, compared to the consensus estimate of $10.84 billion. During the same quarter last year, the company earned $0.45 earnings per share. T-Mobile US’s quarterly revenue was up 5.1% compared to the same quarter last year. equities analysts anticipate that T-Mobile US Inc will post 3.05 earnings per share for the current year.
T-Mobile US announced that its board has approved a share repurchase 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 buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
A number of equities analysts have recently issued reports on TMUS shares. UBS Group restated a “buy” rating and set a $70.00 target price (down from $80.00) on shares of T-Mobile US in a research report on Monday, November 6th. Deutsche Bank raised their target price on shares of T-Mobile US to $72.00 and gave the stock a “buy” rating in a research report on Monday, December 11th. BidaskClub lowered shares of T-Mobile US from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. BTIG Research raised their target price on shares of T-Mobile US from $74.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, Cowen restated a “buy” rating and set a $70.00 target price on shares of T-Mobile US in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have given a buy rating and four have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $70.06.
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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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