Cowen Inc. raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 696,504 shares of the Wireless communications provider’s stock after purchasing an additional 28,201 shares during the period. T-Mobile US accounts for approximately 1.5% of Cowen Inc.’s portfolio, making the stock its 10th largest holding. Cowen Inc. owned approximately 0.08% of T-Mobile US worth $42,946,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Janus Henderson Group PLC lifted its stake in shares of T-Mobile US by 12,230.1% during the second quarter. Janus Henderson Group PLC now owns 4,479,412 shares of the Wireless communications provider’s stock valued at $271,542,000 after buying an additional 4,443,083 shares during the period. Capital World Investors raised its stake in T-Mobile US by 158.7% during the second quarter. Capital World Investors now owns 3,867,024 shares of the Wireless communications provider’s stock worth $234,419,000 after purchasing an additional 2,372,024 shares during the period. Paulson & CO. Inc. raised its stake in T-Mobile US by 46.1% during the second quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock worth $366,793,000 after purchasing an additional 1,910,600 shares during the period. Prudential Financial Inc. raised its stake in T-Mobile US by 3,877.3% during the second quarter. Prudential Financial Inc. now owns 1,587,360 shares of the Wireless communications provider’s stock worth $96,226,000 after purchasing an additional 1,547,450 shares during the period. Finally, BlackRock Inc. raised its stake in T-Mobile US by 10.9% during the second quarter. BlackRock Inc. now owns 15,334,976 shares of the Wireless communications provider’s stock worth $929,608,000 after purchasing an additional 1,502,636 shares during the period. 34.93% of the stock is currently owned by institutional investors.
A number of equities analysts have weighed in on the stock. Macquarie raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 14th. BidaskClub raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a research report on Thursday, December 14th. Morgan Stanley increased their price objective on shares of T-Mobile US from $72.00 to $74.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Deutsche Bank raised their price target on shares of T-Mobile US to $72.00 and gave the company a “buy” rating in a report on Monday, December 11th. Finally, Jefferies Group reaffirmed a “top pick” rating and set a $62.78 price target (down from $72.00) on shares of T-Mobile US in a report on Tuesday, November 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $69.70.
T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.17. The firm had revenue of $10.02 billion for the quarter, compared to the consensus estimate of $10.01 billion. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. T-Mobile US’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.27 EPS. sell-side analysts anticipate that T-Mobile US, Inc. will post 2.42 EPS for the current fiscal year.
T-Mobile US declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 6th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the Wireless communications provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In other news, EVP Peter A. Ewens sold 10,000 shares of T-Mobile US stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $62.95, for a total value of $629,500.00. Following the transaction, the executive vice president now owns 166,434 shares of the company’s stock, valued at approximately $10,477,020.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO J Braxton Carter II sold 15,000 shares of T-Mobile US stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $62.97, for a total transaction of $944,550.00. Following the completion of the transaction, the chief financial officer now directly owns 163,688 shares in the company, valued at approximately $10,307,433.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,000 shares of company stock worth $2,515,750. 0.29% of the stock is owned by corporate insiders.
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T-Mobile US Profile
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.
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