CenterBook Partners LP Acquires New Position in T-Mobile US, Inc. (NASDAQ:TMUS)

CenterBook Partners LP acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 8,898 shares of the Wireless communications provider's stock, valued at approximately $1,964,000.

A number of other large investors have also recently made changes to their positions in TMUS. Azimuth Capital Investment Management LLC lifted its holdings in T-Mobile US by 3.0% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 105,973 shares of the Wireless communications provider's stock valued at $23,391,000 after purchasing an additional 3,072 shares in the last quarter. APG Asset Management N.V. boosted its holdings in T-Mobile US by 101.2% in the 4th quarter. APG Asset Management N.V. now owns 516,477 shares of the Wireless communications provider's stock worth $110,094,000 after buying an additional 259,747 shares during the period. Bank of Nova Scotia increased its stake in T-Mobile US by 227.1% in the 4th quarter. Bank of Nova Scotia now owns 217,900 shares of the Wireless communications provider's stock worth $48,097,000 after buying an additional 151,284 shares in the last quarter. Invesco Ltd. raised its holdings in T-Mobile US by 4.6% during the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock valued at $1,944,503,000 after acquiring an additional 384,956 shares during the period. Finally, Employees Retirement System of Texas lifted its position in shares of T-Mobile US by 21.0% in the fourth quarter. Employees Retirement System of Texas now owns 375,900 shares of the Wireless communications provider's stock valued at $82,972,000 after acquiring an additional 65,243 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.67% of the company's stock.

T-Mobile US Stock Up 1.9 %

NASDAQ:TMUS traded up $4.86 during mid-day trading on Tuesday, reaching $267.50. The company's stock had a trading volume of 1,324,534 shares, compared to its average volume of 4,228,819. 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, Inc. has a 1 year low of $159.14 and a 1 year high of $276.49. The stock has a fifty day moving average of $260.69 and a 200-day moving average of $237.92. The firm has a market capitalization of $305.42 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's payout ratio is currently 36.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TMUS shares. Hsbc Global Res downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Citigroup cut T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective on the stock. in a research note on Friday, March 14th. Evercore ISI raised T-Mobile US to a "strong-buy" rating in a research note on Thursday, January 23rd. Wells Fargo & Company reissued an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, UBS Group lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $256.80.

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.