First Manhattan CO. LLC. Reduces Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

First Manhattan CO. LLC. lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 24,322 shares of the Wireless communications provider’s stock after selling 145 shares during the period. First Manhattan CO. LLC.’s holdings in T-Mobile US were worth $5,369,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TMUS. Norges Bank purchased a new position in T-Mobile US during the fourth quarter worth about $1,802,393,000. Canada Pension Plan Investment Board boosted its holdings in shares of T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider’s stock valued at $1,329,919,000 after purchasing an additional 2,777,657 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of T-Mobile US during the 4th quarter valued at $452,721,000. Capital International Investors raised its position in shares of T-Mobile US by 36.2% in the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock worth $1,440,424,000 after buying an additional 1,734,998 shares during the period. Finally, Deutsche Bank AG grew its position in T-Mobile US by 38.8% during the fourth quarter. Deutsche Bank AG now owns 3,465,534 shares of the Wireless communications provider’s stock valued at $764,947,000 after acquiring an additional 968,444 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. HSBC lowered T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a research note on Wednesday, March 5th. Barclays lifted their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Oppenheimer increased their price target on T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Scotiabank raised T-Mobile US from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Finally, Bank of America boosted their price target on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and a consensus target price of $257.68.

T-Mobile US Price Performance

TMUS opened at $243.81 on Friday. The firm has a market cap of $276.83 billion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69. The company’s 50-day moving average price is $256.32 and its 200 day moving average price is $242.56. T-Mobile US, Inc. has a fifty-two week low of $161.72 and a fifty-two week high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.00 EPS. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now directly owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.