Convergence Investment Partners LLC Raises Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Convergence Investment Partners LLC lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 297.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,954 shares of the Wireless communications provider's stock after buying an additional 4,456 shares during the period. Convergence Investment Partners LLC's holdings in T-Mobile US were worth $1,314,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMUS. DT Investment Partners LLC lifted its stake in T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 47 shares during the last quarter. Dunhill Financial LLC lifted its stake in T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. MFA Wealth Advisors LLC lifted its stake in T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 77 shares during the last quarter. Financial Life Planners purchased a new position in T-Mobile US in the fourth quarter valued at approximately $29,000. Finally, Legacy Investment Solutions LLC purchased a new position in T-Mobile US in the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TMUS shares. Scotiabank upped their price objective on T-Mobile US from $234.00 to $247.00 and gave the company a "sector perform" rating in a research note on Thursday, January 30th. Morgan Stanley began coverage on shares of T-Mobile US in a report on Monday, December 16th. They set an "overweight" rating and a $280.00 target price on the stock. KeyCorp cut shares of T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 target price on the stock. in a report on Thursday, December 12th. Sanford C. Bernstein began coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They set a "market perform" rating and a $265.00 target price on the stock. Finally, Evercore ISI raised shares of T-Mobile US to a "strong-buy" rating in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and an average target price of $251.79.

T-Mobile US Trading Down 0.1 %

NASDAQ TMUS traded down $0.30 during trading on Friday, hitting $265.10. 1,886,104 shares of the company's stock traded hands, compared to its average volume of 3,774,054. The stock has a fifty day moving average of $230.32 and a two-hundred day moving average of $220.66. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $271.41. The firm has a market cap of $302.67 billion, a P/E ratio of 27.40, a PEG ratio of 1.53 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results 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%. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.33%. T-Mobile US's payout ratio is 36.40%.

Insider Buying and Selling

In other T-Mobile US news, Director Andre Almeida bought 3,808 shares of the firm's stock in a transaction on Monday, December 9th. The stock was acquired at an average price of $235.72 per share, with a total value of $897,621.76. Following the completion of the purchase, the director now owns 3,808 shares of the company's stock, valued at approximately $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now directly owns 5,653 shares of the company's stock, valued at $1,306,295.24. This represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,100 shares of company stock valued at $747,378 over the last three months. 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.