SG Americas Securities LLC Reduces Stock Position in T-Mobile US, Inc. $TMUS

SG Americas Securities LLC trimmed its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 80.7% in the third quarter, Holdings Channel.com reports. The fund owned 8,492 shares of the Wireless communications provider’s stock after selling 35,557 shares during the period. SG Americas Securities LLC’s holdings in T-Mobile US were worth $2,033,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Weaver Capital Management LLC boosted its position in T-Mobile US by 0.6% during the second quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock worth $1,605,000 after purchasing an additional 42 shares in the last quarter. Haven Private LLC increased its position in shares of T-Mobile US by 1.3% in the second quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock valued at $759,000 after buying an additional 42 shares in the last quarter. Bank of Stockton raised its stake in shares of T-Mobile US by 1.2% during the 2nd quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock worth $906,000 after buying an additional 44 shares during the last quarter. Richardson Financial Services Inc. grew its stake in T-Mobile US by 0.9% in the 2nd quarter. Richardson Financial Services Inc. now owns 4,899 shares of the Wireless communications provider’s stock valued at $1,183,000 after acquiring an additional 45 shares during the last quarter. Finally, Cetera Trust Company N.A grew its stake in T-Mobile US by 0.4% in the 2nd quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock valued at $2,863,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TMUS. Weiss Ratings cut shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Argus cut their price objective on T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Barclays lowered their target price on T-Mobile US from $250.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. HSBC raised T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target for the company in a report on Friday, October 24th. Finally, Wolfe Research decreased their price objective on T-Mobile US from $290.00 to $253.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $260.17.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $226.17, for a total transaction of $14,571,228.42. Following the transaction, the director owned 582,220,759 shares of the company’s stock, valued at $131,680,869,063.03. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director G Michael Sievert sold 22,500 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the sale, the director directly owned 308,696 shares of the company’s stock, valued at $66,977,771.12. This represents a 6.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 399,619 shares of company stock worth $89,390,980. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Price Performance

TMUS stock opened at $192.02 on Thursday. The stock has a market capitalization of $214.78 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 1.07 and a beta of 0.45. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a 52-week low of $188.12 and a 52-week high of $276.49. The stock’s fifty day simple moving average is $203.41 and its 200-day simple moving average is $224.98.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same period in the prior year, the firm posted $2.61 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, February 27th. T-Mobile US’s payout ratio is presently 39.23%.

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.