Wedge Capital Management L L P NC lowered its position in shares of T-Mobile US Inc (NASDAQ:TMUS) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 194,935 shares of the Wireless communications provider’s stock after selling 6,308 shares during the period. Wedge Capital Management L L P NC’s holdings in T-Mobile US were worth $12,380,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rational Advisors LLC bought a new position in shares of T-Mobile US during the third quarter worth approximately $105,000. Cerebellum GP LLC bought a new position in shares of T-Mobile US during the fourth quarter worth approximately $127,000. Capital Bank & Trust Co increased its stake 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 period. Opera Trading Capital bought a new position in shares of T-Mobile US during the third quarter worth approximately $154,000. Finally, Atria Investments LLC bought a new position in shares of T-Mobile US during the fourth quarter worth approximately $207,000. Institutional investors own 35.05% of the company’s stock.
T-Mobile US Inc (NASDAQ TMUS) opened at $61.54 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 quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $52,900.00, a price-to-earnings ratio of 24.13, a PEG ratio of 0.85 and a beta of 0.30.
T-Mobile US announced that its board has authorized a stock buyback plan on Wednesday, December 6th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the Wireless communications provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
In other news, EVP Elizabeth A. Mcauliffe sold 4,310 shares of T-Mobile US stock in a transaction on Friday, December 29th. The stock was sold at an average price of $64.10, for a total value of $276,271.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO J Braxton Carter II sold 15,000 shares of T-Mobile US stock in a transaction on Monday, December 11th. The shares were sold at an average price of $62.97, for a total value of $944,550.00. Following the completion of the transaction, the chief financial officer now owns 163,688 shares in the company, valued at approximately $10,307,433.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,620 shares of company stock worth $4,708,192. Corporate insiders own 0.29% of the company’s stock.
A number of equities analysts have recently weighed in on TMUS shares. UBS Group reiterated a “buy” rating and set a $70.00 target price (down previously from $80.00) on shares of T-Mobile US in a research note on Monday, November 6th. Societe Generale initiated coverage on T-Mobile US in a research note on Tuesday, October 24th. They set a “buy” rating and a $71.00 price objective on the stock. BTIG Research raised their price objective on T-Mobile US from $74.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Cowen restated a “buy” rating and set a $70.00 price objective on shares of T-Mobile US in a research note on Tuesday, October 17th. Finally, KeyCorp set a $72.00 price objective on T-Mobile US and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $69.86.
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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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