Barings LLC reduced its position in T-Mobile US Inc (NASDAQ:TMUS) by 18.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,150 shares of the Wireless communications provider’s stock after selling 5,300 shares during the period. Barings LLC’s holdings in T-Mobile US were worth $1,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in TMUS. The Manufacturers Life Insurance Company increased its position in T-Mobile US by 7.9% in the second quarter. The Manufacturers Life Insurance Company now owns 27,405 shares of the Wireless communications provider’s stock worth $1,662,000 after buying an additional 2,010 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of T-Mobile US by 151.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,920 shares of the Wireless communications provider’s stock valued at $601,000 after purchasing an additional 5,978 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of T-Mobile US in the second quarter valued at $565,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of T-Mobile US in the second quarter valued at $345,000. Finally, Toronto Dominion Bank grew its position in shares of T-Mobile US by 106.7% in the second quarter. Toronto Dominion Bank now owns 6,524 shares of the Wireless communications provider’s stock valued at $395,000 after purchasing an additional 3,368 shares in the last quarter. 34.82% of the stock is owned by institutional investors and hedge funds.
T-Mobile US Inc (TMUS) opened at $60.06 on Tuesday. 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 1.30, a quick ratio of 0.64 and a current ratio of 0.77. The company has a market capitalization of $51,320.00, a PE ratio of 11.55, a P/E/G ratio of 0.74 and a beta of 0.30.
T-Mobile US announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 6th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the Wireless communications provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
In other T-Mobile US news, EVP David A. Miller sold 15,000 shares of T-Mobile US stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $62.78, for a total transaction of $941,700.00. Following the completion of 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 SEC, which is available at the SEC website. Also, EVP Peter A. Ewens sold 10,000 shares of T-Mobile US stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $62.95, for a total value of $629,500.00. Following the sale, the executive vice president now directly owns 166,434 shares of the company’s stock, valued at approximately $10,477,020.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,620 shares of company stock valued at $4,708,192. Corporate insiders own 0.29% of the company’s stock.
Several equities analysts have recently weighed in on TMUS shares. Jefferies Group reduced their price target on T-Mobile US from $83.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Deutsche Bank upgraded T-Mobile US from a “hold” rating to a “buy” rating and lifted their price target for the company from $56.22 to $65.00 in a research report on Thursday, November 9th. BidaskClub cut T-Mobile US from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. HSBC upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. Finally, Macquarie upgraded T-Mobile US from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty have issued a buy rating and four have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $70.23.
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T-Mobile US 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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