Man Group plc Sells 182,029 Shares of T-Mobile US, Inc. $TMUS

Man Group plc cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 23.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 606,965 shares of the Wireless communications provider’s stock after selling 182,029 shares during the period. Man Group plc’s holdings in T-Mobile US were worth $123,238,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. III Capital Management bought a new stake in T-Mobile US in the fourth quarter worth $4,061,000. Investment Management Corp of Ontario grew its holdings in shares of T-Mobile US by 75.1% in the fourth quarter. Investment Management Corp of Ontario now owns 45,234 shares of the Wireless communications provider’s stock worth $9,184,000 after purchasing an additional 19,399 shares during the last quarter. Gotham Asset Management LLC grew its holdings in shares of T-Mobile US by 50.9% in the fourth quarter. Gotham Asset Management LLC now owns 84,667 shares of the Wireless communications provider’s stock worth $17,191,000 after purchasing an additional 28,556 shares during the last quarter. Evolve Private Wealth LLC bought a new position in shares of T-Mobile US in the fourth quarter worth approximately $3,045,000. Finally, Ehrenkranz Partners L.P. bought a new position in shares of T-Mobile US in the fourth quarter worth approximately $240,000. 42.49% of the stock is owned by institutional investors.

Insider Activity at T-Mobile US

In related news, insider Michael J. Katz sold 5,000 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the transaction, the insider owned 181,930 shares in the company, valued at $35,623,713.30. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andre Almeida purchased 5,097 shares of T-Mobile US stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average price of $196.18 per share, for a total transaction of $999,929.46. Following the transaction, the insider directly owned 44,850 shares of the company’s stock, valued at $8,798,673. This trade represents a 12.82% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.32% of the stock is owned by corporate insiders.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $181.31 on Thursday. T-Mobile US, Inc. has a 1 year low of $174.02 and a 1 year high of $261.56. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. The company’s 50-day moving average is $190.06 and its 200 day moving average is $199.18. The stock has a market capitalization of $196.21 billion, a P/E ratio of 19.29, a P/E/G ratio of 1.07 and a beta of 0.31.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The company had revenue of $23.11 billion for the quarter, compared to analysts’ expectations of $22.98 billion. During the same quarter in the previous year, the company earned $2.58 earnings per share. T-Mobile US’s quarterly revenue was up 10.6% on a year-over-year basis. On average, sell-side analysts expect that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.3%. T-Mobile US’s payout ratio is currently 43.40%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TMUS. Moffett Nathanson upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 target price on the stock in a report on Wednesday, April 8th. Arete Research upped their price objective on shares of T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $260.48.

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.