Highbridge Capital Management LLC Buys New Position in T-Mobile US, Inc. $TMUS

Highbridge Capital Management LLC bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,000 shares of the Wireless communications provider’s stock, valued at approximately $1,015,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JDM Financial Group LLC raised its position 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 position 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. United Community Bank raised its position in T-Mobile US by 78.8% in the 4th quarter. United Community Bank now owns 186 shares of the Wireless communications provider’s stock valued at $38,000 after buying an additional 82 shares during the last quarter. Ares Financial Consulting LLC acquired a new stake in T-Mobile US in the 4th quarter valued at approximately $38,000. Finally, Wealth Watch Advisors INC acquired a new stake in T-Mobile US in the 3rd quarter valued at approximately $45,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.6%

NASDAQ:TMUS opened at $178.10 on Friday. The firm has a market capitalization of $192.74 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.03 and a beta of 0.31. T-Mobile US, Inc. has a twelve month low of $174.02 and a twelve month high of $261.56. The stock’s 50 day moving average price is $193.65 and its two-hundred day moving average price is $200.69. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58.

T-Mobile US (NASDAQ:TMUSGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. The firm had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.58 EPS. Equities research analysts expect that T-Mobile US, Inc. will post 10.65 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. T-Mobile US’s payout ratio is presently 43.40%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research report on Tuesday, May 19th. Wolfe Research reissued an “outperform” rating and issued a $255.00 target price on shares of T-Mobile US in a research report on Thursday, February 12th. The Goldman Sachs Group reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Wells Fargo & Company boosted their price target on T-Mobile US from $225.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of T-Mobile US in a research report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.48.

Get Our Latest Stock Report on TMUS

Insider Buying and Selling

In other T-Mobile US news, insider Andre Almeida bought 5,097 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of $196.18 per share, with a total value of $999,929.46. Following the acquisition, the insider owned 44,850 shares of the company’s stock, valued at $8,798,673. The trade was a 12.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael J. Katz sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $195.81, for a total value of $979,050.00. Following the transaction, the insider directly owned 181,930 shares in the company, valued at $35,623,713.30. The trade was a 2.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.32% of the stock is owned by insiders.

Key Stories Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

About T-Mobile US

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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