Retireful LLC Takes $393,000 Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Retireful LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,483 shares of the Wireless communications provider’s stock, valued at approximately $393,000.

Other hedge funds have also added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC bought a new position in shares of T-Mobile US in the fourth quarter worth about $1,552,000. Van ECK Associates Corp boosted its position in T-Mobile US by 3.1% in the fourth quarter. Van ECK Associates Corp now owns 20,855 shares of the Wireless communications provider’s stock valued at $4,603,000 after buying an additional 625 shares in the last quarter. CFC Planning Co LLC acquired a new position in shares of T-Mobile US during the fourth quarter worth $476,000. Avantax Advisory Services Inc. boosted its holdings in shares of T-Mobile US by 5.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider’s stock valued at $8,272,000 after acquiring an additional 1,859 shares in the last quarter. Finally, Burling Wealth Partners LLC bought a new stake in T-Mobile US during the 4th quarter worth $2,539,000. 42.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TMUS shares. Scotiabank upgraded shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. JPMorgan Chase & Co. raised their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. Tigress Financial boosted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Royal Bank of Canada increased their price objective on T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a report on Friday, March 21st. Finally, Benchmark reaffirmed a “buy” rating and set a $275.00 target price on shares of T-Mobile US in a report on Thursday, March 27th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $257.68.

T-Mobile US Stock Down 0.8%

Shares of NASDAQ:TMUS opened at $241.96 on Thursday. T-Mobile US, Inc. has a 12-month low of $171.18 and a 12-month high of $276.49. 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 stock’s 50-day moving average price is $249.38 and its 200-day moving average price is $243.93. The stock has a market capitalization of $274.73 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.48 by $0.10. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.00 earnings per share. On average, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

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.