T-Mobile US Inc (TMUS) Stake Cut by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. cut its position in T-Mobile US Inc (NASDAQ:TMUS) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,636 shares of the Wireless communications provider’s stock after selling 149 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in T-Mobile US were worth $146,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in T-Mobile US by 88.1% in the fourth quarter. AQR Capital Management LLC now owns 295,379 shares of the Wireless communications provider’s stock worth $16,987,000 after buying an additional 138,324 shares during the last quarter. Guggenheim Capital LLC increased its stake in shares of T-Mobile US by 4.3% in the fourth quarter. Guggenheim Capital LLC now owns 177,762 shares of the Wireless communications provider’s stock worth $10,223,000 after buying an additional 7,289 shares during the period. Tudor Investment Corp Et Al increased its stake in shares of T-Mobile US by 7.4% in the fourth quarter. Tudor Investment Corp Et Al now owns 5,700 shares of the Wireless communications provider’s stock worth $328,000 after buying an additional 393 shares during the period. Soros Fund Management LLC increased its stake in shares of T-Mobile US by 221.0% in the fourth quarter. Soros Fund Management LLC now owns 685,700 shares of the Wireless communications provider’s stock worth $39,435,000 after buying an additional 472,100 shares during the period. Finally, GLG LLC purchased a new stake in shares of T-Mobile US during the fourth quarter worth about $906,000. Hedge funds and other institutional investors own 33.17% of the company’s stock.

Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

T-Mobile US Inc (NASDAQ:TMUS) traded down 0.17% during midday trading on Friday, reaching $64.70. 4,853,175 shares of the company traded hands. The company’s 50-day moving average price is $63.39 and its 200 day moving average price is $57.54. T-Mobile US Inc has a 12 month low of $38.47 and a 12 month high of $65.51. The firm has a market capitalization of $53.48 billion, a PE ratio of 38.28 and a beta of 0.71.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Tuesday, February 14th. The Wireless communications provider reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.16. The company had revenue of $10.20 billion for the quarter, compared to the consensus estimate of $9.84 billion. T-Mobile US had a return on equity of 7.21% and a net margin of 3.87%. The company’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. On average, equities analysts anticipate that T-Mobile US Inc will post $1.79 earnings per share for the current year.

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A number of analysts recently issued reports on the stock. SunTrust Banks, Inc. assumed coverage on shares of T-Mobile US in a report on Tuesday. They set a “buy” rating and a $76.00 price target on the stock. Jefferies Group LLC reissued a “buy” rating and set a $71.00 price target on shares of T-Mobile US in a report on Tuesday, February 21st. Deutsche Bank AG reissued a “neutral” rating and set a $68.00 price target on shares of T-Mobile US in a report on Monday, April 10th. Barclays PLC increased their price target on shares of T-Mobile US from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, March 20th. Finally, Argus reissued a “buy” rating and set a $70.00 price target on shares of T-Mobile US in a report on Wednesday, February 22nd. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. T-Mobile US presently has an average rating of “Buy” and a consensus price target of $60.99.

In other T-Mobile US news, insider Thomas Christopher Keys sold 100,000 shares of T-Mobile US stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $60.31, for a total value of $6,031,000.00. Following the transaction, the insider now directly owns 455,876 shares of the company’s stock, valued at approximately $27,493,881.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.30% of the company’s stock.

5 Day Chart for NASDAQ:TMUS

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