Sig Brokerage LP Makes New $2.99 Million Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Sig Brokerage LP bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,565 shares of the Wireless communications provider’s stock, valued at approximately $2,994,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Barclays PLC boosted its position in shares of T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after acquiring an additional 876,182 shares during the last quarter. Gladstone Institutional Advisory LLC purchased a new stake in T-Mobile US during the fourth quarter worth about $1,552,000. Trust Co. of Vermont increased its stake in T-Mobile US by 11.9% during the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock worth $5,954,000 after purchasing an additional 2,865 shares during the period. Rice Partnership LLC purchased a new stake in T-Mobile US during the fourth quarter worth about $7,678,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of T-Mobile US by 737.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider’s stock worth $12,476,000 after buying an additional 49,775 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now directly owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is owned by company insiders.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $240.16 on Friday. The firm has a market capitalization of $272.69 billion, a P/E ratio of 24.84, a P/E/G ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a 1-year low of $162.15 and a 1-year high of $276.49. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The business’s 50-day simple moving average is $254.24 and its 200-day simple moving average is $242.87.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the business posted $2.00 EPS. Equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of recent research reports. Oppenheimer upped their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. UBS Group lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. upped their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 18th. Tigress Financial upped their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Finally, Barclays upped their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $257.68.

T-Mobile US Profile

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.