OMERS ADMINISTRATION Corp Acquires 1,029 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

OMERS ADMINISTRATION Corp grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,749 shares of the Wireless communications provider’s stock after acquiring an additional 1,029 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in T-Mobile US were worth $4,801,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Rakuten Securities Inc. lifted its holdings in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 62 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in T-Mobile US during the fourth quarter worth about $28,000. Financial Life Planners bought a new stake in T-Mobile US during the fourth quarter worth about $29,000. Albion Financial Group UT bought a new stake in T-Mobile US during the fourth quarter worth about $39,000. Finally, DT Investment Partners LLC lifted its position in T-Mobile US by 58.8% in the 4th quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider’s stock worth $42,000 after buying an additional 70 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is owned by company insiders.

T-Mobile US Stock Down 1.2%

Shares of NASDAQ:TMUS opened at $237.34 on Wednesday. The stock has a fifty day simple moving average of $255.36 and a two-hundred day simple moving average of $242.84. The stock has a market capitalization of $269.49 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a 12-month low of $161.72 and a 12-month high of $276.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. T-Mobile US’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.00 EPS. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of recent research reports. Scotiabank upgraded T-Mobile US from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Citigroup downgraded shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target for the company. in a research note on Friday, March 14th. Benchmark reissued a “buy” rating and issued a $275.00 target price on shares of T-Mobile US in a research note on Thursday, March 27th. Barclays boosted their target price on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $257.68.

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 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; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.