Kerrisdale Advisers LLC Buys New Shares in T-Mobile US, Inc. $TMUS

Kerrisdale Advisers LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 4,835 shares of the Wireless communications provider’s stock, valued at approximately $811,000.

Several other institutional investors also recently modified their holdings of TMUS. Headlands Technologies LLC increased its position in T-Mobile US by 312.8% during the second quarter. Headlands Technologies LLC now owns 44,946 shares of the Wireless communications provider’s stock worth $7,539,000 after buying an additional 34,058 shares during the last quarter. Moore Capital Management LP raised its stake in T-Mobile US by 868.7% in the 2nd quarter. Moore Capital Management LP now owns 28,481 shares of the Wireless communications provider’s stock valued at $4,777,000 after acquiring an additional 25,541 shares during the period. Sigma Planning Corp lifted its holdings in T-Mobile US by 2.9% during the 2nd quarter. Sigma Planning Corp now owns 4,534 shares of the Wireless communications provider’s stock valued at $760,000 after purchasing an additional 126 shares during the last quarter. Two Sigma Securities LLC bought a new position in T-Mobile US during the second quarter worth $5,151,000. Finally, Benjamin Edwards Inc. boosted its position in T-Mobile US by 15.6% during the second quarter. Benjamin Edwards Inc. now owns 257,992 shares of the Wireless communications provider’s stock worth $43,278,000 after purchasing an additional 34,881 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Price Performance

T-Mobile US stock opened at $181.37 on Monday. The stock has a fifty day moving average of $181.12 and a 200-day moving average of $193.32. The stock has a market capitalization of $194.55 billion, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 1.02 and a beta of 0.33. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $258.66. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. During the same period in the previous year, the business posted $2.84 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts expect that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio is 42.72%.

Analyst Ratings Changes

TMUS has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a report on Friday, July 24th. Scotiabank dropped their target price on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a report on Wednesday, July 15th. KeyCorp decreased their price target on shares of T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Royal Bank Of Canada dropped their price objective on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of T-Mobile US in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Company 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.