T-Mobile US Inc (NASDAQ:TMUS) was the target of a large decline in short interest during the month of December. As of December 29th, there was short interest totalling 8,131,413 shares, a decline of 64.8% from the December 15th total of 23,126,899 shares. Based on an average daily trading volume, of 2,990,052 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.8% of the company’s stock are sold short.
In other news, EVP Elizabeth A. Mcauliffe sold 4,310 shares of T-Mobile US stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $64.10, for a total transaction of $276,271.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David A. Miller sold 15,000 shares of T-Mobile US stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $62.78, for a total value of $941,700.00. Following the sale, the executive vice president now owns 104,448 shares of the company’s stock, valued at $6,557,245.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,620 shares of company stock valued at $4,708,192. 0.29% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of TMUS. Rational Advisors LLC bought a new stake in shares of T-Mobile US during the third quarter valued at approximately $105,000. Capital Bank & Trust Co increased its position in shares of T-Mobile US by 3,128.6% during the third quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock valued at $139,000 after purchasing an additional 2,190 shares during the period. Opera Trading Capital bought a new stake in shares of T-Mobile US during the third quarter valued at approximately $154,000. Captrust Financial Advisors bought a new stake in shares of T-Mobile US during the second quarter valued at approximately $159,000. Finally, Renaissance Group LLC bought a new stake in shares of T-Mobile US during the third quarter valued at approximately $201,000. 34.93% of the stock is currently owned by institutional investors.
T-Mobile US (NASDAQ:TMUS) opened at $63.68 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $52,980.00, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 1.00 and a beta of 0.29. T-Mobile US has a 1 year low of $54.60 and a 1 year high of $68.88.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.17. The company had revenue of $10.02 billion for the quarter, compared to the consensus estimate of $10.01 billion. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 EPS. equities analysts anticipate that T-Mobile US will post 2.44 earnings per share for the current year.
T-Mobile US declared that its Board of Directors has approved a stock buyback program on Wednesday, December 6th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the Wireless communications provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
A number of brokerages recently weighed in on TMUS. KeyCorp reissued a “buy” rating and issued a $76.00 price objective on shares of T-Mobile US in a research note on Tuesday, January 2nd. Macquarie raised T-Mobile US from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 14th. BidaskClub raised T-Mobile US from a “sell” rating to a “hold” rating in a research note on Thursday, December 14th. Morgan Stanley raised their price objective on T-Mobile US from $72.00 to $74.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Finally, Deutsche Bank raised their price objective on T-Mobile US to $72.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $69.86.
About T-Mobile US
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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