Sciencast Management LP Buys New Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Sciencast Management LP 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 & Exchange Commission. The fund acquired 13,781 shares of the Wireless communications provider's stock, valued at approximately $3,042,000. T-Mobile US accounts for about 0.8% of Sciencast Management LP's holdings, making the stock its 23rd largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its position in shares of T-Mobile US by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock valued at $408,297,000 after purchasing an additional 47,350 shares in the last quarter. Quest Partners LLC acquired a new stake in T-Mobile US during the third quarter valued at approximately $643,000. Prospera Financial Services Inc boosted its holdings in T-Mobile US by 40.4% during the third quarter. Prospera Financial Services Inc now owns 6,849 shares of the Wireless communications provider's stock worth $1,414,000 after buying an additional 1,972 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in T-Mobile US in the third quarter worth approximately $119,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of T-Mobile US by 8.9% in the third quarter. First Horizon Advisors Inc. now owns 1,219 shares of the Wireless communications provider's stock valued at $252,000 after buying an additional 100 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

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T-Mobile US Stock Performance

TMUS stock traded down $0.21 during mid-day trading on Tuesday, reaching $258.75. 2,987,882 shares of the stock traded hands, compared to its average volume of 3,973,068. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The business has a 50-day moving average of $249.99 and a two-hundred day moving average of $231.69. The firm has a market capitalization of $295.43 billion, a PE ratio of 26.76, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 52 week low of $159.14 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business 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 $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.36%. T-Mobile US's dividend payout ratio is 36.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Oppenheimer lifted their target price on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Hsbc Global Res lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Morgan Stanley assumed coverage on shares of T-Mobile US in a research report on Monday, December 16th. They issued an "overweight" rating and a $280.00 price target for the company. Benchmark reiterated a "buy" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, Barclays boosted their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $255.80.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now directly owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.67% of the company's stock.

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.