BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Boosts Position in T-Mobile US, Inc. (NASDAQ:TMUS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 237,341 shares of the Wireless communications provider’s stock after acquiring an additional 12,306 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in T-Mobile US were worth $52,388,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Rakuten Securities Inc. boosted its holdings in T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 62 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in shares of T-Mobile US in the 4th quarter valued at about $28,000. Financial Life Planners acquired a new position in T-Mobile US in the 4th quarter worth about $29,000. Albion Financial Group UT acquired a new position in T-Mobile US in the 4th quarter worth about $39,000. Finally, DT Investment Partners LLC boosted its position in T-Mobile US by 58.8% during the fourth quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider’s stock worth $42,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Royal Bank of Canada boosted their price objective on T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a research report on Friday, March 21st. Oppenheimer upped their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Benchmark reissued a “buy” rating and set a $275.00 target price on shares of T-Mobile US in a research note on Thursday, March 27th. Finally, HSBC lowered shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research note on Wednesday, March 5th. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.68.

T-Mobile US Trading Down 1.2%

Shares of TMUS stock opened at $241.21 on Wednesday. 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, Inc. has a twelve month low of $163.26 and a twelve month high of $276.49. The company’s 50-day moving average price is $253.37 and its 200-day moving average price is $243.40. The stock has a market cap of $273.88 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.10. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. T-Mobile US’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.00 EPS. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of T-Mobile US 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 sale, 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 the SEC website. 0.67% of the stock is currently owned by 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 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.