Ionic Capital Management LLC Makes New Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Ionic Capital Management LLC bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,700 shares of the Wireless communications provider’s stock, valued at approximately $557,000.

A number of other hedge funds also recently bought and sold shares of the business. FMR LLC increased its stake in shares of T-Mobile US by 13.4% in the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after purchasing an additional 1,522,394 shares in the last quarter. Legal & General Group Plc grew its position in shares of T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after purchasing an additional 303,582 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of T-Mobile US by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock valued at $785,667,000 after acquiring an additional 184,059 shares during the last quarter. TD Asset Management Inc boosted its position in T-Mobile US by 5.9% in the 2nd quarter. TD Asset Management Inc now owns 2,294,637 shares of the Wireless communications provider’s stock valued at $404,269,000 after buying an additional 128,241 shares during the period. Finally, Principal Financial Group Inc. increased its stake in T-Mobile US by 2.5% in the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after purchasing an additional 47,350 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 0.9 %

NASDAQ:TMUS opened at $244.82 on Tuesday. T-Mobile US, Inc. has a 52 week low of $151.38 and a 52 week high of $248.15. The company has a fifty day moving average of $223.98 and a 200 day moving average of $198.25. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $284.11 billion, a P/E ratio of 27.92, a P/E/G ratio of 1.26 and a beta of 0.53.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. During the same period in the prior year, the company earned $1.82 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. On average, research analysts predict that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.44%. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Raymond James lowered shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. KeyCorp boosted their price target on T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Royal Bank of Canada raised their price objective on shares of T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Benchmark raised their price target on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.33.

Insider Activity at T-Mobile US

In other news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the transaction, the insider now directly owns 119,687 shares in the company, valued at approximately $24,571,741.10. This represents a 2.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the transaction, the chief executive officer now owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 342,750 shares of company stock valued at $73,356,824 over the last ninety days. Insiders own 0.67% of the company’s stock.

T-Mobile US 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.