Kize Capital LP Cuts Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Kize Capital LP lessened its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 59.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,691 shares of the Wireless communications provider’s stock after selling 8,500 shares during the quarter. T-Mobile US accounts for 1.1% of Kize Capital LP’s portfolio, making the stock its 7th largest position. Kize Capital LP’s holdings in T-Mobile US were worth $1,256,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Barclays PLC boosted its position in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after buying an additional 876,182 shares during the period. Gladstone Institutional Advisory LLC bought a new position in T-Mobile US in the fourth quarter worth approximately $1,552,000. Trust Co. of Vermont raised its position in T-Mobile US by 11.9% during the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock valued at $5,954,000 after purchasing an additional 2,865 shares in the last quarter. Rice Partnership LLC bought a new position in shares of T-Mobile US during the 4th quarter worth $7,678,000. Finally, Exchange Traded Concepts LLC grew its holdings in T-Mobile US by 737.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider’s stock worth $12,476,000 after acquiring an additional 49,775 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $262.64 on Tuesday. The company has a 50 day moving average of $260.69 and a 200-day moving average of $237.92. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a market cap of $299.87 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a 1-year low of $159.14 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio is presently 36.40%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TMUS shares. Tigress Financial reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Oppenheimer boosted their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Barclays lifted their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Bank of America lifted their price target on T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $256.80.

About T-Mobile US

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.