LGT Capital Partners LTD. Raises Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)


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LGT Capital Partners LTD. grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 16.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 200,245 shares of the Wireless communications provider’s stock after acquiring an additional 27,682 shares during the period. LGT Capital Partners LTD.’s holdings in T-Mobile US were worth $25,089,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TMUS. Norges Bank purchased a new stake in T-Mobile US during the 4th quarter worth $3,012,719,000. Price T Rowe Associates Inc. MD increased its stake in T-Mobile US by 11.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,029,238 shares of the Wireless communications provider’s stock worth $1,082,743,000 after buying an additional 818,849 shares during the period. Nuveen Asset Management LLC increased its stake in T-Mobile US by 11.0% during the 4th quarter. Nuveen Asset Management LLC now owns 7,158,492 shares of the Wireless communications provider’s stock worth $965,323,000 after buying an additional 712,025 shares during the period. Viking Global Investors LP increased its stake in T-Mobile US by 7.9% during the 4th quarter. Viking Global Investors LP now owns 8,705,481 shares of the Wireless communications provider’s stock worth $1,173,934,000 after buying an additional 635,362 shares during the period. Finally, Morgan Stanley increased its stake in T-Mobile US by 17.8% during the 4th quarter. Morgan Stanley now owns 2,990,019 shares of the Wireless communications provider’s stock worth $403,205,000 after buying an additional 451,438 shares during the period. 58.45% of the stock is currently owned by institutional investors and hedge funds.

In other T-Mobile US news, insider Neville R. Ray sold 12,400 shares of the business’s stock in a transaction dated Thursday, March 11th. The shares were sold at an average price of $130.06, for a total transaction of $1,612,744.00. Following the completion of the transaction, the insider now directly owns 462,864 shares of the company’s stock, valued at approximately $60,200,091.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Neville R. Ray sold 17,600 shares of the business’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $130.01, for a total transaction of $2,288,176.00. Following the transaction, the insider now directly owns 445,264 shares of the company’s stock, valued at $57,888,772.64. The disclosure for this sale can be found here. Insiders have sold a total of 93,200 shares of company stock valued at $11,731,760 over the last three months. 0.47% of the stock is currently owned by company insiders.

Several research firms recently issued reports on TMUS. Oppenheimer lifted their price target on shares of T-Mobile US from $160.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, March 18th. KeyCorp lifted their price target on shares of T-Mobile US from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 13th. Sanford C. Bernstein set a $172.00 price target on shares of T-Mobile US and gave the stock a “buy” rating in a research note on Thursday, January 7th. Wells Fargo & Company lifted their price target on shares of T-Mobile US from $155.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, March 12th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $165.00 target price on shares of T-Mobile US in a research report on Friday, March 12th. Four research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $145.48.

Shares of NASDAQ TMUS traded down $0.17 during midday trading on Thursday, hitting $131.95. The company’s stock had a trading volume of 42,043 shares, compared to its average volume of 4,603,970. T-Mobile US, Inc. has a 1-year low of $85.81 and a 1-year high of $135.54. The firm’s fifty day moving average price is $126.88 and its 200-day moving average price is $125.68. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.88 and a current ratio of 0.98. The firm has a market cap of $163.99 billion, a P/E ratio of 43.18, a P/E/G ratio of 2.22 and a beta of 0.55.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, February 4th. The Wireless communications provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.09. The business had revenue of $20.34 billion during the quarter, compared to analyst estimates of $19.97 billion. T-Mobile US had a net margin of 5.11% and a return on equity of 8.69%. During the same period in the previous year, the business posted $0.87 EPS. As a group, research analysts predict that T-Mobile US, Inc. will post 3.49 earnings per share for the current fiscal year.

About T-Mobile US

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 102.1 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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