GSA Capital Partners LLP Purchases New Position in T-Mobile US, Inc. (NASDAQ:TMUS)

GSA Capital Partners LLP purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,689 shares of the Wireless communications provider’s stock, valued at approximately $1,908,000.

Several other institutional investors have also bought and sold shares of the stock. Private Wealth Management Group LLC bought a new stake in shares of T-Mobile US during the fourth quarter worth $27,000. Westside Investment Management Inc. raised its position in shares of T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 75 shares during the last quarter. Valley National Advisers Inc. raised its position in shares of T-Mobile US by 232.1% during the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 123 shares during the last quarter. Baker Avenue Asset Management LP increased its holdings in T-Mobile US by 63.3% in the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 81 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC bought a new stake in T-Mobile US in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TMUS. KeyCorp upped their price objective on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Citigroup upped their price objective on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Benchmark reissued a “buy” rating and set a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, May 29th. Bank of America upped their price objective on T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Finally, Oppenheimer restated an “outperform” rating and issued a $190.00 price objective on shares of T-Mobile US in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $190.79.

T-Mobile US Price Performance

Shares of TMUS stock traded up $0.92 during trading hours on Wednesday, reaching $179.97. The company’s stock had a trading volume of 594,824 shares, compared to its average volume of 4,780,169. The firm’s 50 day simple moving average is $171.99 and its 200-day simple moving average is $165.68. The company has a market capitalization of $210.90 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 0.70 and a beta of 0.51. T-Mobile US, Inc. has a fifty-two week low of $131.47 and a fifty-two week high of $182.67. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. The firm had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The company’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $1.58 EPS. Sell-side analysts forecast that T-Mobile US, Inc. will post 9.02 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s dividend payout ratio (DPR) is 35.37%.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 227,604 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $172.65, for a total transaction of $39,295,830.60. Following the sale, the director now owns 673,251,489 shares of the company’s stock, valued at approximately $116,236,869,575.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Telekom Ag Deutsche sold 227,604 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $172.65, for a total transaction of $39,295,830.60. Following the sale, the director now owns 673,251,489 shares of the company’s stock, valued at approximately $116,236,869,575.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $177.59, for a total value of $532,770.00. Following the sale, the insider now directly owns 122,687 shares in the company, valued at approximately $21,787,984.33. The disclosure for this sale can be found here. Insiders have sold a total of 5,849,587 shares of company stock valued at $983,194,872 in the last 90 days. 0.67% of the stock is owned by corporate insiders.

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 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.