KBC Group NV raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 26.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 321,243 shares of the Wireless communications provider’s stock after buying an additional 66,749 shares during the quarter. KBC Group NV’s holdings in T-Mobile US were worth $19,609,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in TMUS. Cerebellum GP LLC purchased a new stake in shares of T-Mobile US during the fourth quarter valued at about $127,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of T-Mobile US during the fourth quarter valued at about $184,000. Delpha Capital Management LLC purchased a new stake in shares of T-Mobile US during the fourth quarter valued at about $203,000. Atria Investments LLC purchased a new stake in shares of T-Mobile US during the fourth quarter valued at about $207,000. Finally, LMR Partners LLP purchased a new stake in shares of T-Mobile US during the fourth quarter valued at about $223,000. 33.95% of the stock is owned by institutional investors and hedge funds.
In other T-Mobile US news, major shareholder Telekom Holding B.V. Deutsche purchased 225,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were bought at an average price of $59.26 per share, for a total transaction of $13,333,500.00. Following the acquisition, the insider now owns 536,806,077 shares in the company, valued at $31,811,128,123.02. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Peter Osvaldik sold 4,000 shares of the stock in a transaction that occurred on Friday, April 27th. The stock was sold at an average price of $65.00, for a total transaction of $260,000.00. Following the completion of the transaction, the chief accounting officer now owns 27,699 shares in the company, valued at approximately $1,800,435. The disclosure for this sale can be found here. In the last quarter, insiders purchased 1,045,000 shares of company stock worth $63,785,500 and sold 62,118 shares worth $3,971,079. 0.37% of the stock is currently owned by corporate insiders.
T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Tuesday, May 1st. The Wireless communications provider reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.07. T-Mobile US had a net margin of 10.90% and a return on equity of 10.41%. The firm had revenue of $10.46 billion for the quarter, compared to the consensus estimate of $10.35 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. analysts anticipate that T-Mobile US, Inc. will post 3.25 earnings per share for the current fiscal year.
Several analysts have commented on the stock. ValuEngine lowered shares of T-Mobile US from a “sell” rating to a “strong sell” rating in a research report on Tuesday. BidaskClub lowered shares of T-Mobile US from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Citigroup increased their price target on shares of T-Mobile US from $76.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, April 30th. Royal Bank of Canada reissued a “buy” rating and set a price target on shares of T-Mobile US in a research report on Monday, April 30th. Finally, Oppenheimer increased their price target on shares of T-Mobile US and gave the company an “outperform” rating in a research report on Monday, April 30th. Three analysts have rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and four have given a strong buy rating to the company’s stock. T-Mobile US currently has an average rating of “Buy” and an average target price of $71.60.
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 72.6 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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