State of Tennessee Treasury Department Raises Stake in T-Mobile US Inc (TMUS)

State of Tennessee Treasury Department lifted its stake in shares of T-Mobile US Inc (NASDAQ:TMUS) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 820,100 shares of the Wireless communications provider’s stock after acquiring an additional 87,400 shares during the period. State of Tennessee Treasury Department’s holdings in T-Mobile US were worth $52,085,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TMUS. Carmignac Gestion increased its position in shares of T-Mobile US by 32.1% during the third quarter. Carmignac Gestion now owns 5,844,199 shares of the Wireless communications provider’s stock worth $360,353,000 after acquiring an additional 1,419,024 shares in the last quarter. DnB Asset Management AS increased its position in shares of T-Mobile US by 91.0% during the fourth quarter. DnB Asset Management AS now owns 2,831,015 shares of the Wireless communications provider’s stock worth $179,798,000 after acquiring an additional 1,349,000 shares in the last quarter. American Century Companies Inc. increased its position in shares of T-Mobile US by 1,193.4% during the fourth quarter. American Century Companies Inc. now owns 1,135,630 shares of the Wireless communications provider’s stock worth $72,124,000 after acquiring an additional 1,047,831 shares in the last quarter. Global Thematic Partners LLC increased its position in shares of T-Mobile US by 170.4% during the fourth quarter. Global Thematic Partners LLC now owns 1,533,545 shares of the Wireless communications provider’s stock worth $97,397,000 after acquiring an additional 966,432 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC increased its position in shares of T-Mobile US by 15,932.2% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 817,961 shares of the Wireless communications provider’s stock worth $51,949,000 after acquiring an additional 812,859 shares in the last quarter. 34.82% of the stock is owned by institutional investors.

Shares of T-Mobile US Inc (NASDAQ:TMUS) opened at $60.51 on Wednesday. The company has a market cap of $51,316.98, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 0.74 and a beta of 0.38. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.77 and a quick ratio of 0.64. T-Mobile US Inc has a 12 month low of $54.60 and a 12 month high of $68.88.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, February 8th. The Wireless communications provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. The firm had revenue of $10.76 billion during the quarter, compared to analysts’ expectations of $10.84 billion. T-Mobile US had a net margin of 11.19% and a return on equity of 9.60%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 earnings per share. equities research analysts expect that T-Mobile US Inc will post 3.25 EPS for the current year.

T-Mobile US announced that its board has initiated a share repurchase program on Wednesday, December 6th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the Wireless communications provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Several equities research analysts have recently issued reports on the stock. BidaskClub raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Macquarie raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 14th. KeyCorp reissued a “buy” rating and set a $76.00 price objective on shares of T-Mobile US in a research report on Tuesday, January 2nd. Morgan Stanley raised their target price on shares of T-Mobile US from $72.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Finally, Jefferies Group reaffirmed a “top pick” rating and issued a $62.78 target price (down previously from $72.00) on shares of T-Mobile US in a research report on Tuesday, November 28th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty have given a buy rating and four have issued a strong buy rating to the stock. T-Mobile US has a consensus rating of “Buy” and a consensus price target of $70.23.

In other T-Mobile US news, EVP Peter A. Ewens sold 10,000 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $65.05, for a total value of $650,500.00. Following the completion of the sale, the executive vice president now owns 146,434 shares in the company, valued at $9,525,531.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP David A. Miller sold 15,000 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $62.78, for a total transaction of $941,700.00. Following the completion of the sale, the executive vice president now owns 104,448 shares of the company’s stock, valued at approximately $6,557,245.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,620 shares of company stock valued at $4,708,192. Corporate insiders own 0.29% of the company’s stock.

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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 U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

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

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