Tidal Investments LLC Cuts Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Tidal Investments LLC cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 14.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,966 shares of the Wireless communications provider’s stock after selling 11,135 shares during the period. Tidal Investments LLC’s holdings in T-Mobile US were worth $14,340,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TMUS. Rakuten Securities Inc. grew its position in T-Mobile US by 93.9% in 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 in the last quarter. CoreFirst Bank & Trust purchased a new position in T-Mobile US in the fourth quarter worth $28,000. Financial Life Planners purchased a new position in T-Mobile US in the fourth quarter worth $29,000. Albion Financial Group UT purchased a new position in T-Mobile US in the fourth quarter worth $39,000. Finally, DT Investment Partners LLC grew its position in T-Mobile US by 58.8% in 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 in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now owns 3,291 shares in the company, valued at approximately $865,533. This trade represents a 18.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Price Performance

Shares of TMUS opened at $242.66 on Monday. The company has a market capitalization of $275.53 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The firm has a 50 day moving average of $253.96 and a 200 day moving average of $243.27. T-Mobile US, Inc. has a twelve month low of $163.15 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $20.67 billion. During the same quarter last year, the company posted $2.00 earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on TMUS shares. Scotiabank upgraded shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. UBS Group lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Oppenheimer upped their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Ten equities 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. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.68.

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 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.