Atalanta Sosnoff Capital LLC Buys New Holdings in T-Mobile US, Inc. (TMUS)

Atalanta Sosnoff Capital LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, HoldingsChannel reports. The fund bought 5,188 shares of the Wireless communications provider’s stock, valued at approximately $329,000.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Advisors LLC grew its holdings in shares of T-Mobile US by 81.2% during the third quarter. Harbor Advisors LLC now owns 18,000 shares of the Wireless communications provider’s stock worth $1,110,000 after buying an additional 8,068 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of T-Mobile US by 4.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,484 shares of the Wireless communications provider’s stock worth $3,175,000 after buying an additional 2,296 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of T-Mobile US by 1,887.3% during the second quarter. PNC Financial Services Group Inc. now owns 1,053,568 shares of the Wireless communications provider’s stock worth $63,865,000 after buying an additional 1,000,552 shares in the last quarter. Northpointe Capital LLC grew its holdings in shares of T-Mobile US by 34.2% during the third quarter. Northpointe Capital LLC now owns 57,837 shares of the Wireless communications provider’s stock worth $3,566,000 after buying an additional 14,726 shares in the last quarter. Finally, Parametrica Management Ltd purchased a new stake in shares of T-Mobile US during the third quarter worth $536,000. 34.93% of the stock is owned by institutional investors and hedge funds.

TMUS has been the subject of a number of research reports. BidaskClub lowered shares of T-Mobile US from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. KeyCorp reaffirmed an “overweight” rating and set a $72.00 target price on shares of T-Mobile US in a report on Saturday, September 16th. Royal Bank of Canada reaffirmed a “buy” rating and set a $76.00 target price on shares of T-Mobile US in a report on Tuesday, October 3rd. Robert W. Baird reaffirmed a “hold” rating and set a $70.00 target price on shares of T-Mobile US in a report on Wednesday, October 4th. Finally, Deutsche Bank dropped their price objective on shares of T-Mobile US from $70.00 to $65.00 and set a “hold” rating for the company in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $69.86.

In other news, EVP David A. Miller sold 15,000 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $62.78, for a total transaction of $941,700.00. Following the sale, the executive vice president now owns 104,448 shares of the company’s stock, valued at $6,557,245.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Elizabeth A. Mcauliffe sold 4,310 shares of the stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $64.10, for a total transaction of $276,271.00. The disclosure for this sale can be found here. Insiders have sold 48,620 shares of company stock worth $3,068,292 in the last three months. Corporate insiders own 0.29% of the company’s stock.

T-Mobile US, Inc. (TMUS) traded up $0.50 during midday trading on Tuesday, reaching $65.60. 5,334,365 shares of the company’s stock were exchanged, compared to its average volume of 3,236,861. The firm has a market capitalization of $54,160.00, a PE ratio of 25.73, a P/E/G ratio of 1.05 and a beta of 0.29. T-Mobile US, Inc. has a 52 week low of $54.60 and a 52 week high of $68.88. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.80.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.17. The business had revenue of $10.02 billion for the quarter, compared to analysts’ expectations of $10.01 billion. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. equities research analysts anticipate that T-Mobile US, Inc. will post 2.41 EPS for the current fiscal year.

T-Mobile US announced that its Board of Directors has authorized a stock buyback plan on Wednesday, December 6th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the Wireless communications provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

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

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