Encore Global Management LP Makes New $1.51 Million Investment in T-Mobile US, Inc. $TMUS

Encore Global Management LP bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,000 shares of the Wireless communications provider’s stock, valued at approximately $1,510,000. T-Mobile US comprises approximately 1.5% of Encore Global Management LP’s portfolio, making the stock its 29th largest position.

Other institutional investors also recently bought and sold shares of the company. Sei Investments Co. boosted its stake in shares of T-Mobile US by 6.3% during the second quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock valued at $33,972,000 after purchasing an additional 8,491 shares during the period. Diversify Advisory Services LLC increased its stake in shares of T-Mobile US by 315.7% in the second quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock worth $1,147,000 after buying an additional 3,454 shares during the period. Darwin Wealth Management LLC bought a new stake in T-Mobile US during the 2nd quarter valued at $375,000. Raymond James Financial Inc. raised its holdings in T-Mobile US by 0.5% during the 2nd quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock valued at $489,420,000 after buying an additional 9,568 shares during the last quarter. Finally, Viking Global Investors LP boosted its position in T-Mobile US by 81.7% during the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after buying an additional 1,279,422 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

Shares of TMUS opened at $183.04 on Friday. The business’s fifty day simple moving average is $181.42 and its two-hundred day simple moving average is $193.98. 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 $261.25. The company has a market cap of $196.34 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 1.02 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same period in the previous year, the business posted $2.84 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts anticipate that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio is currently 42.72%.

Analyst Upgrades and Downgrades

TMUS has been the topic of several recent analyst reports. Bank of America raised T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a research note on Monday, July 6th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a report on Tuesday, May 19th. UBS Group cut their price objective on T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Royal Bank Of Canada reduced their target price on 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. Finally, Morgan Stanley decreased their target price on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. One research 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 stock. According to MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.08.

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.