Polar Asset Management Partners Inc. Raises Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Polar Asset Management Partners Inc. boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 144.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 204,000 shares of the Wireless communications provider’s stock after purchasing an additional 120,500 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in T-Mobile US were worth $45,029,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TMUS. Ancora Advisors LLC grew its holdings in shares of T-Mobile US by 16.6% during the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider’s stock valued at $57,000 after buying an additional 37 shares during the last quarter. Signaturefd LLC boosted its stake in T-Mobile US by 0.4% during the 4th quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider’s stock valued at $2,499,000 after purchasing an additional 41 shares during the last quarter. JSF Financial LLC increased its holdings in shares of T-Mobile US by 0.9% in the 4th quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider’s stock worth $1,117,000 after purchasing an additional 44 shares in the last quarter. D Orazio & Associates Inc. raised its stake in shares of T-Mobile US by 3.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider’s stock worth $290,000 after purchasing an additional 47 shares during the last quarter. Finally, Warren Street Wealth Advisors LLC lifted its holdings in shares of T-Mobile US by 4.3% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider’s stock valued at $252,000 after purchasing an additional 47 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Trading Down 0.9%

TMUS stock opened at $235.29 on Thursday. The company has a market capitalization of $267.16 billion, a PE ratio of 24.33, a P/E/G ratio of 1.55 and a beta of 0.69. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a 12 month low of $162.15 and a 12 month high of $276.49. The firm’s 50-day moving average is $254.76 and its 200 day moving average is $242.79.

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, topping analysts’ consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $2.00 earnings per share. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares of the company’s stock, valued at $865,533. This represents a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Bank of America boosted their target price on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Oppenheimer lifted their price objective on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Citigroup downgraded shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective on the stock. in a report on Friday, March 14th. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average 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.