Lionshead Wealth Management LLC Buys Shares of 2,041 T-Mobile US, Inc. (NASDAQ:TMUS)

Lionshead Wealth Management LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,041 shares of the Wireless communications provider’s stock, valued at approximately $451,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC lifted its stake in shares of T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after buying an additional 876,182 shares during the period. Gladstone Institutional Advisory LLC acquired a new stake in shares of T-Mobile US during the fourth quarter worth $1,552,000. Trust Co. of Vermont lifted its stake in shares of T-Mobile US by 11.9% during the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock worth $5,954,000 after buying an additional 2,865 shares during the period. Rice Partnership LLC acquired a new stake in shares of T-Mobile US during the fourth quarter worth $7,678,000. Finally, Exchange Traded Concepts LLC lifted its stake in shares of T-Mobile US by 737.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider’s stock worth $12,476,000 after buying an additional 49,775 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Down 1.5%

Shares of NASDAQ TMUS opened at $243.81 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock has a market cap of $276.83 billion, a PE ratio of 25.21, a P/E/G ratio of 1.55 and a beta of 0.69. The company has a 50-day moving average of $256.32 and a 200 day moving average of $242.78. T-Mobile US, Inc. has a 12-month low of $161.72 and a 12-month high of $276.49.

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, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now directly owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TMUS shares. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Royal Bank of Canada boosted their target price on shares of 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. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Bank of America boosted their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. Ten 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’s stock. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.68.

About T-Mobile US

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.