Dynamic Technology Lab Private Ltd Makes New Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Dynamic Technology Lab Private Ltd acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,553 shares of the Wireless communications provider's stock, valued at approximately $784,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC raised its holdings in shares of T-Mobile US by 0.4% during the 4th quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock valued at $2,499,000 after purchasing an additional 41 shares in the last quarter. JSF Financial LLC boosted its stake in shares of T-Mobile US by 0.9% during the 4th quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider's stock worth $1,117,000 after acquiring an additional 44 shares in the last quarter. D Orazio & Associates Inc. increased its holdings in shares of T-Mobile US by 3.7% during the 4th quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider's stock valued at $290,000 after acquiring an additional 47 shares during the last quarter. Warren Street Wealth Advisors LLC lifted its holdings in T-Mobile US by 4.3% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider's stock worth $252,000 after purchasing an additional 47 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC boosted its position in T-Mobile US by 3.9% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider's stock worth $284,000 after purchasing an additional 48 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

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T-Mobile US Stock Up 1.5 %

Shares of TMUS traded up $3.90 on Friday, reaching $260.02. The stock had a trading volume of 1,297,903 shares, compared to its average volume of 4,164,983. The firm has a market capitalization of $296.87 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The company has a 50-day simple moving average of $259.85 and a 200-day simple moving average of $236.89. T-Mobile US, Inc. has a 12-month low of $159.14 and a 12-month high of $276.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.

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 for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Friday, May 30th. T-Mobile US's payout ratio is 36.40%.

Analysts Set New Price Targets

TMUS has been the topic of a number of recent analyst reports. Benchmark reissued a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research report on Thursday, March 27th. UBS Group lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Oppenheimer lifted their price objective on T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, HSBC lowered shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a report on Wednesday, March 5th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $256.80.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction 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 of the company's stock, valued at $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.