Headlands Technologies LLC grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 312.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,946 shares of the Wireless communications provider’s stock after purchasing an additional 34,058 shares during the period. T-Mobile US makes up about 0.8% of Headlands Technologies LLC’s holdings, making the stock its 16th largest holding. Headlands Technologies LLC’s holdings in T-Mobile US were worth $7,539,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of TMUS. Moore Capital Management LP grew its stake in shares of T-Mobile US by 868.7% in the second quarter. Moore Capital Management LP now owns 28,481 shares of the Wireless communications provider’s stock valued at $4,777,000 after buying an additional 25,541 shares in the last quarter. Sigma Planning Corp lifted its stake in T-Mobile US by 2.9% during the 2nd quarter. Sigma Planning Corp now owns 4,534 shares of the Wireless communications provider’s stock worth $760,000 after acquiring an additional 126 shares in the last quarter. Two Sigma Securities LLC acquired a new position in T-Mobile US during the 2nd quarter worth about $5,151,000. Benjamin Edwards Inc. boosted its holdings in T-Mobile US by 15.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 257,992 shares of the Wireless communications provider’s stock valued at $43,278,000 after acquiring an additional 34,881 shares during the period. Finally, GTS Securities LLC boosted its holdings in T-Mobile US by 7.9% during the 2nd quarter. GTS Securities LLC now owns 5,524 shares of the Wireless communications provider’s stock valued at $927,000 after acquiring an additional 403 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have issued reports on TMUS shares. Royal Bank Of Canada cut their price target on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Arete Research lifted their price objective on shares of T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Morgan Stanley cut their target price on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Finally, Barclays reduced their target price on shares of T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $252.08.
T-Mobile US Price Performance
T-Mobile US stock opened at $181.37 on Monday. The stock has a market cap of $194.55 billion, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 1.02 and a beta of 0.33. The company has a fifty day simple moving average of $181.12 and a 200-day simple moving average of $193.32. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $258.66.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.T-Mobile US’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $2.84 earnings per share. Equities analysts expect that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.
T-Mobile US Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be issued a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio is presently 42.72%.
About T-Mobile US
T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.
Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.
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