Madison Investment Holdings Inc. boosted its holdings in T-Mobile US Inc (NASDAQ:TMUS) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 535,945 shares of the Wireless communications provider’s stock after buying an additional 10,500 shares during the quarter. Madison Investment Holdings Inc.’s holdings in T-Mobile US were worth $34,038,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Rational Advisors LLC purchased a new position in shares of T-Mobile US during the third quarter worth about $105,000. Cerebellum GP LLC purchased a new position in shares of T-Mobile US during the fourth quarter worth about $127,000. Capital Bank & Trust Co grew its holdings in shares of T-Mobile US by 3,128.6% during the third quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock worth $139,000 after purchasing an additional 2,190 shares during the last quarter. Opera Trading Capital purchased a new position in shares of T-Mobile US during the third quarter worth about $154,000. Finally, Renaissance Group LLC purchased a new position in shares of T-Mobile US during the third quarter worth about $201,000. 34.82% of the stock is currently owned by hedge funds and other institutional investors.
T-Mobile US Inc (TMUS) opened at $58.73 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.64 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $50,770.14, a PE ratio of 26.53, a P/E/G ratio of 0.72 and a beta of 0.38. T-Mobile US Inc has a twelve month low of $54.60 and a twelve month high of $68.88.
T-Mobile US announced that its Board of Directors has approved a share buyback plan on Wednesday, December 6th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the Wireless communications provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
Several equities analysts have issued reports on TMUS shares. UBS Group reaffirmed a “buy” rating and set a $70.00 price objective (down previously from $80.00) on shares of T-Mobile US in a report on Monday, November 6th. KeyCorp reaffirmed a “buy” rating and set a $76.00 price objective on shares of T-Mobile US in a report on Tuesday, January 2nd. Deutsche Bank raised their price objective on T-Mobile US to $72.00 and gave the stock a “buy” rating in a report on Monday, December 11th. Moffett Nathanson raised T-Mobile US from a “neutral” rating to a “buy” rating in a report on Monday, November 27th. Finally, HSBC raised T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, November 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and four have given a strong buy rating to the company. T-Mobile US presently has a consensus rating of “Buy” and an average price target of $70.24.
In related news, CFO J Braxton Carter II sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $65.96, for a total value of $989,400.00. Following the completion of the sale, the chief financial officer now owns 199,788 shares in the company, valued at $13,178,016.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Elizabeth A. Mcauliffe sold 4,310 shares of the firm’s stock in a transaction dated Friday, December 29th. The shares were 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. In the last 90 days, insiders purchased 795,000 shares of company stock valued at $47,189,450 and sold 73,620 shares valued at $4,708,192. 0.29% of the stock is owned by company insiders.
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.
Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US Inc (NASDAQ:TMUS).
Receive News & Ratings for T-Mobile US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US and related companies with MarketBeat.com's FREE daily email newsletter.