International Assets Investment Management LLC Makes New Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

International Assets Investment Management LLC bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 354 shares of the Wireless communications provider’s stock, valued at approximately $51,000.

A number of other hedge funds have also modified their holdings of the business. Phocas Financial Corp. purchased a new stake in shares of T-Mobile US in the fourth quarter valued at about $28,000. Winch Advisory Services LLC grew its holdings in shares of T-Mobile US by 215.4% in the fourth quarter. Winch Advisory Services LLC now owns 205 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 140 shares during the period. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of T-Mobile US in the fourth quarter valued at about $29,000. Oliver Lagore Vanvalin Investment Group purchased a new position in T-Mobile US during the fourth quarter worth about $29,000. Finally, Romano Brothers AND Company purchased a new position in T-Mobile US during the fourth quarter worth about $30,000. 46.18% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TMUS. HSBC lowered their target price on shares of T-Mobile US from $185.00 to $165.00 in a research note on Monday, June 5th. Raymond James raised their target price on shares of T-Mobile US from $174.00 to $184.00 in a report on Friday, April 28th. Royal Bank of Canada set a $172.00 target price on shares of T-Mobile US in a report on Wednesday, March 15th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of T-Mobile US from $192.00 to $185.00 in a report on Wednesday, May 3rd. Finally, StockNews.com assumed coverage on shares of T-Mobile US in a research report on Thursday, May 18th. They set a “hold” rating for the company. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.33.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 192,600 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $130.01, for a total value of $25,039,926.00. Following the sale, the director now directly owns 1,844,088 shares in the company, valued at $239,749,880.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Michael J. Katz sold 3,500 shares of T-Mobile US stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $140.93, for a total transaction of $493,255.00. Following the transaction, the insider now directly owns 125,977 shares of the company’s stock, valued at $17,753,938.61. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 192,600 shares of T-Mobile US stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $130.01, for a total value of $25,039,926.00. Following the transaction, the director now directly owns 1,844,088 shares in the company, valued at $239,749,880.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 230,022 shares of company stock worth $30,385,391. 0.70% of the stock is owned by insiders.

T-Mobile US Stock Down 0.3 %

TMUS stock opened at $139.16 on Friday. T-Mobile US, Inc. has a twelve month low of $124.92 and a twelve month high of $154.38. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $166.98 billion, a P/E ratio of 45.33, a PEG ratio of 0.64 and a beta of 0.56. The firm has a 50 day simple moving average of $136.99 and a 200-day simple moving average of $142.35.

T-Mobile US (NASDAQ:TMUS – Free Report) last released its quarterly earnings results on Thursday, April 27th. The Wireless communications provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.10. The business had revenue of $19.63 billion during the quarter, compared to the consensus estimate of $19.82 billion. T-Mobile US had a net margin of 4.83% and a return on equity of 8.27%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 earnings per share. On average, equities research analysts predict that T-Mobile US, Inc. will post 6.99 earnings per share for the current fiscal year.

T-Mobile US Company Profile

(Free Report)

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; leasing through JUMP! On Demand; and High Speed Internet services.

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