Titan Global Capital Management USA LLC Has $17 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Titan Global Capital Management USA LLC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,025 shares of the Wireless communications provider's stock after selling 2,176 shares during the quarter. T-Mobile US makes up about 2.6% of Titan Global Capital Management USA LLC's holdings, making the stock its 18th biggest position. Titan Global Capital Management USA LLC's holdings in T-Mobile US were worth $17,002,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of TMUS. Covestor Ltd raised its holdings in T-Mobile US by 61.2% in the 4th quarter. Covestor Ltd now owns 498 shares of the Wireless communications provider's stock valued at $110,000 after acquiring an additional 189 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in T-Mobile US by 0.7% in the 4th quarter. Treasurer of the State of North Carolina now owns 225,486 shares of the Wireless communications provider's stock worth $49,772,000 after buying an additional 1,460 shares during the last quarter. Scotia Capital Inc. boosted its stake in T-Mobile US by 15.4% in the 4th quarter. Scotia Capital Inc. now owns 34,811 shares of the Wireless communications provider's stock worth $7,685,000 after buying an additional 4,657 shares during the last quarter. CenterBook Partners LP purchased a new stake in T-Mobile US in the 4th quarter valued at about $1,964,000. Finally, Azimuth Capital Investment Management LLC increased its stake in shares of T-Mobile US by 3.0% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 105,973 shares of the Wireless communications provider's stock valued at $23,391,000 after acquiring an additional 3,072 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

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Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was 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 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 sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.67% of the company's stock.

Wall Street Analyst Weigh In

TMUS has been the topic of several research analyst reports. Benchmark reissued a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. Scotiabank lifted their target price on T-Mobile US from $247.00 to $275.00 and gave the company a "sector perform" rating in a report on Monday, March 3rd. UBS Group lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Finally, Oppenheimer boosted their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Eleven analysts have rated the stock with a hold rating, eleven 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 $256.80.

T-Mobile US Price Performance

T-Mobile US stock traded down $3.87 during mid-day trading on Wednesday, hitting $262.84. The company's stock had a trading volume of 1,346,065 shares, compared to its average volume of 4,144,708. T-Mobile US, Inc. has a twelve month low of $159.41 and a twelve month high of $276.49. The stock's fifty day moving average price is $261.08 and its two-hundred day moving average price is $238.12. The stock has a market capitalization of $300.10 billion, a P/E ratio of 27.18, a P/E/G ratio of 1.55 and a beta of 0.63. 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 (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share 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%. Research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio is 36.40%.

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.