Oribel Capital Management LP Acquires 1,200 Shares of T-Mobile US, Inc. (TMUS)
Oribel Capital Management LP grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,300 shares of the Wireless communications provider’s stock after acquiring an additional 1,200 shares during the period. Oribel Capital Management LP’s holdings in T-Mobile US were worth $1,991,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Rational Advisors LLC bought a new stake in shares of T-Mobile US during the 3rd quarter worth $105,000. Smithfield Trust Co. boosted its holdings in shares of T-Mobile US by 1,513.6% during the 2nd quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock worth $115,000 after buying an additional 1,786 shares during the period. Proficio Capital Partners LLC boosted its holdings in shares of T-Mobile US by 54.7% during the 2nd quarter. Proficio Capital Partners LLC now owns 2,463 shares of the Wireless communications provider’s stock worth $157,000 after buying an additional 871 shares during the period. Opera Trading Capital bought a new stake in shares of T-Mobile US during the 3rd quarter worth $154,000. Finally, Captrust Financial Advisors bought a new stake in shares of T-Mobile US during the 2nd quarter worth $159,000. 34.96% of the stock is owned by institutional investors.
Shares of T-Mobile US, Inc. (NASDAQ:TMUS) opened at $61.92 on Friday. The stock has a market cap of $51,681.61, a PE ratio of 28.11, a P/E/G ratio of 1.16 and a beta of 0.29. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. T-Mobile US, Inc. has a 1 year low of $54.60 and a 1 year high of $68.88.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The firm had revenue of $10.02 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the prior year, the firm earned $0.27 EPS. The company’s revenue was up 7.7% on a year-over-year basis. analysts expect that T-Mobile US, Inc. will post 2.41 earnings per share for the current fiscal year.
T-Mobile US announced that its Board of Directors has approved a share repurchase program on Wednesday, December 6th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the Wireless communications provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
TMUS has been the subject of several recent analyst reports. KeyCorp set a $72.00 price objective on shares of T-Mobile US and gave the stock a “buy” rating in a report on Wednesday, October 11th. UBS reissued a “buy” rating and issued a $70.00 price target (down from $80.00) on shares of T-Mobile US in a report on Monday, November 6th. BidaskClub downgraded shares of T-Mobile US from a “sell” rating to a “strong sell” rating in a report on Thursday, November 9th. Cowen reissued a “buy” rating and issued a $70.00 price target on shares of T-Mobile US in a report on Friday, August 25th. Finally, Deutsche Bank reduced their price target on shares of T-Mobile US from $70.00 to $65.00 and set a “hold” rating for the company in a report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, six have given a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $69.34.
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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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