III Capital Management Takes $3.79 Million Position in T-Mobile US, Inc. $TMUS

III Capital Management bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the second quarter, Holdings Channel.com reports. The fund bought 22,584 shares of the Wireless communications provider’s stock, valued at approximately $3,788,000. T-Mobile US makes up about 1.0% of III Capital Management’s holdings, making the stock its 9th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lansforsakringar Fondforvaltning AB publ lifted its position in shares of T-Mobile US by 14.6% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider’s stock valued at $39,354,000 after acquiring an additional 23,836 shares during the period. First National Bank of Mount Dora Trust Investment Services increased its stake in T-Mobile US by 34.8% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider’s stock valued at $12,593,000 after purchasing an additional 15,495 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of T-Mobile US by 16.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider’s stock valued at $20,010,000 after purchasing an additional 14,110 shares during the period. Los Angeles Capital Management LLC raised its holdings in shares of T-Mobile US by 32.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 296,083 shares of the Wireless communications provider’s stock valued at $62,370,000 after purchasing an additional 72,922 shares during the period. Finally, Liontrust Investment Partners LLP boosted its position in shares of T-Mobile US by 46.0% during the 1st quarter. Liontrust Investment Partners LLP now owns 57,402 shares of the Wireless communications provider’s stock worth $12,056,000 after purchasing an additional 18,075 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the topic of a number of research reports. Barclays dropped their price target on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft lowered their target price on T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Benchmark reduced their price target on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Weiss Ratings lowered shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of T-Mobile US in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $252.08.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $181.61 on Wednesday. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $258.66. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The firm has a market cap of $194.81 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 1.03 and a beta of 0.33. The company has a fifty day moving average price of $181.24 and a 200-day moving average price of $193.73.

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

T-Mobile US Dividend Announcement

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

T-Mobile US Profile

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.