USS Investment Management Ltd Boosts Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

USS Investment Management Ltd grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,789 shares of the Wireless communications provider’s stock after buying an additional 500 shares during the period. USS Investment Management Ltd’s holdings in T-Mobile US were worth $17,615,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in T-Mobile US by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider’s stock worth $2,610,542,000 after purchasing an additional 90,755 shares in the last quarter. Invesco Ltd. boosted its stake in shares of T-Mobile US by 4.6% during the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider’s stock worth $1,944,503,000 after purchasing an additional 384,956 shares during the last quarter. Norges Bank purchased a new stake in shares of T-Mobile US during the fourth quarter worth about $1,802,393,000. Capital International Investors raised its position in shares of T-Mobile US by 36.2% in the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock valued at $1,440,424,000 after buying an additional 1,734,998 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of T-Mobile US by 85.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider’s stock valued at $1,329,919,000 after buying an additional 2,777,657 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Price Performance

T-Mobile US stock opened at $241.21 on Wednesday. The firm has a fifty day moving average of $253.37 and a 200-day moving average of $243.40. T-Mobile US, Inc. has a 52-week low of $163.26 and a 52-week high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $273.88 billion, a P/E ratio of 24.94, a PEG ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $20.67 billion. During the same period in the prior year, the firm earned $2.00 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction dated 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. This trade represents a 18.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on TMUS. HSBC cut shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research note on Wednesday, March 5th. Barclays lifted their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Hsbc Global Res lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, Oppenheimer upped their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $257.68.

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 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.