NWI Management LP Decreases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

NWI Management LP lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 20.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,000 shares of the Wireless communications provider’s stock after selling 2,000 shares during the quarter. NWI Management LP’s holdings in T-Mobile US were worth $1,766,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Rakuten Securities Inc. lifted its stake in T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 62 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in T-Mobile US during the fourth quarter worth approximately $28,000. Financial Life Planners purchased a new stake in T-Mobile US during the fourth quarter worth approximately $29,000. Albion Financial Group UT purchased a new stake in T-Mobile US during the fourth quarter worth approximately $39,000. Finally, DT Investment Partners LLC lifted its stake in T-Mobile US by 58.8% during the fourth quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider’s stock worth $42,000 after purchasing an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 1.2%

Shares of TMUS stock opened at $237.34 on Wednesday. The business’s fifty day moving average price is $255.36 and its 200 day moving average price is $242.84. T-Mobile US, Inc. has a 1-year low of $161.72 and a 1-year high of $276.49. The firm has a market capitalization of $269.49 billion, a PE ratio of 24.54, a P/E/G ratio of 1.55 and a beta of 0.69. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same quarter in the prior year, the company posted $2.00 earnings per share. T-Mobile US’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Bank of America lifted their price target on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, HSBC lowered T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research report on Wednesday, March 5th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $257.68.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now directly owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.67% of the stock is currently owned by corporate insiders.

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.