Highbridge Capital Management LLC Purchases New Position in T-Mobile US, Inc. $TMUS

Highbridge Capital Management LLC purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,000 shares of the Wireless communications provider’s stock, valued at approximately $1,015,000.

Other large investors have also recently added to or reduced their stakes in the company. JDM Financial Group LLC boosted its position in T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 65 shares during the period. Turning Point Benefit Group Inc. boosted its position in T-Mobile US by 3,825.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after purchasing an additional 153 shares during the period. Ares Financial Consulting LLC bought a new stake in T-Mobile US during the fourth quarter worth approximately $38,000. United Community Bank boosted its position in T-Mobile US by 78.8% during the fourth quarter. United Community Bank now owns 186 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 82 shares during the period. Finally, WHI TRUST Co LLC bought a new stake in T-Mobile US during the fourth quarter worth approximately $41,000. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In other news, insider Andre Almeida acquired 5,097 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $196.18 per share, for a total transaction of $999,929.46. Following the completion of the transaction, the insider directly owned 44,850 shares in the company, valued at $8,798,673. This trade represents a 12.82% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $195.81, for a total value of $979,050.00. Following the transaction, the insider owned 181,930 shares in the company, valued at approximately $35,623,713.30. This trade represents a 2.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.32% of the company’s stock.

T-Mobile US Stock Up 0.6%

TMUS opened at $178.10 on Friday. T-Mobile US, Inc. has a 1-year low of $174.02 and a 1-year high of $261.56. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $192.74 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 1.03 and a beta of 0.31. The business has a 50 day moving average of $193.65 and a 200-day moving average of $200.69.

T-Mobile US (NASDAQ:TMUSGet Free Report) last issued its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The business had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. During the same period in the prior year, the company posted $2.58 earnings per share. T-Mobile US’s revenue was up 10.6% on a year-over-year basis. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, May 29th. T-Mobile US’s dividend payout ratio (DPR) is presently 43.40%.

Analyst Ratings Changes

TMUS has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Freedom Capital raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. UBS Group reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a research report on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $260.48.

View Our Latest Stock Analysis on TMUS

Key Stories Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

T-Mobile US Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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