Encore Global Management LP Takes Position in T-Mobile US, Inc. $TMUS

Encore Global Management LP acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,000 shares of the Wireless communications provider’s stock, valued at approximately $1,510,000. T-Mobile US accounts for 1.5% of Encore Global Management LP’s investment portfolio, making the stock its 29th largest position.

Several other large investors have also bought and sold shares of TMUS. Sei Investments Co. raised its holdings in shares of T-Mobile US by 6.3% during the second quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock valued at $33,972,000 after purchasing an additional 8,491 shares during the period. Diversify Advisory Services LLC grew its stake in shares of T-Mobile US by 315.7% in the 2nd quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock valued at $1,147,000 after buying an additional 3,454 shares during the period. Darwin Wealth Management LLC bought a new stake in T-Mobile US in the 2nd quarter valued at about $375,000. Raymond James Financial Inc. increased its position in T-Mobile US by 0.5% in the 2nd quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock valued at $489,420,000 after buying an additional 9,568 shares in the last quarter. Finally, Viking Global Investors LP raised its stake in T-Mobile US by 81.7% during the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after buying an additional 1,279,422 shares during the period. 42.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Barclays cut their target price on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. DZ Bank restated a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 15th. Wall Street Zen raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, UBS Group reduced their price objective on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $252.08.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $183.04 on Friday. The company has a market capitalization of $196.34 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 1.02 and a beta of 0.33. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. T-Mobile US, Inc. has a 52-week low of $165.66 and a 52-week high of $261.25. The company has a 50-day simple moving average of $181.42 and a 200 day simple moving average of $193.98.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. The firm had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.84 EPS. On average, research analysts predict that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s payout ratio is presently 42.72%.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.