Versor Investments LP Buys 2,966 Shares of T-Mobile US, Inc. $TMUS

Versor Investments LP raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 211.6% in the fourth quarter, Holdings Channel reports. The fund owned 4,368 shares of the Wireless communications provider’s stock after purchasing an additional 2,966 shares during the quarter. Versor Investments LP’s holdings in T-Mobile US were worth $887,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. United Community Bank lifted its holdings in shares of T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 59 shares during the last quarter. JDM Financial Group LLC raised its holdings in T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 65 shares during the last quarter. Turning Point Benefit Group Inc. raised its holdings in T-Mobile US by 3,825.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after buying an additional 153 shares during the last quarter. Cloud Capital Management LLC bought a new position in T-Mobile US in the 3rd quarter valued at approximately $38,000. Finally, Ares Financial Consulting LLC bought a new position in T-Mobile US in the 4th quarter valued at approximately $38,000. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Citigroup raised their price objective on shares of T-Mobile US from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. UBS Group reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday, April 29th. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Freedom Capital upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and an average price target of $260.48.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Mark Wolfe Nelson sold 2,329 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $222.38, for a total transaction of $517,923.02. Following the completion of the sale, the insider owned 65,677 shares of the company’s stock, valued at approximately $14,605,251.26. This represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Srikant M. Datar sold 3,291 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the sale, the director directly owned 1,038 shares of the company’s stock, valued at approximately $229,501.80. This trade represents a 76.02% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 699,134 shares of company stock worth $151,826,849. Company insiders own 0.37% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $193.30 on Wednesday. The company has a market capitalization of $209.19 billion, a PE ratio of 20.56, a P/E/G ratio of 1.13 and a beta of 0.33. The company has a 50 day simple moving average of $203.18 and a two-hundred day simple moving average of $203.62. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $261.56.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The business had revenue of $23.11 billion during the quarter, compared to the consensus estimate of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.58 EPS. Research analysts anticipate that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s dividend payout ratio is currently 43.40%.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.