Oxford Asset Management LLP Invests $1.61 Million in T-Mobile US, Inc. (NASDAQ:TMUS)

Oxford Asset Management LLP acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 7,297 shares of the Wireless communications provider’s stock, valued at approximately $1,611,000. T-Mobile US accounts for 0.8% of Oxford Asset Management LLP’s investment portfolio, making the stock its 12th largest position.

Other large investors have also recently made changes to their positions in the company. Rakuten Securities Inc. grew its position in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 62 shares during the period. CoreFirst Bank & Trust purchased a new position in shares of T-Mobile US during the 4th quarter valued at $28,000. Financial Life Planners bought a new position in shares of T-Mobile US during the 4th quarter worth $29,000. Bruce G. Allen Investments LLC raised its stake in T-Mobile US by 79.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 73 shares during the period. Finally, Albion Financial Group UT purchased a new stake in T-Mobile US during the fourth quarter valued at about $39,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Down 11.2 %

TMUS stock opened at $232.77 on Friday. The business has a 50 day moving average of $260.36 and a 200 day moving average of $240.57. The firm has a market cap of $264.58 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a twelve month low of $160.62 and a twelve month high of $276.49. 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) last released its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.51%. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Insider Activity at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of T-Mobile US 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. 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 through this link. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. increased their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Tuesday, March 18th. Scotiabank upped their price target on T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Wells Fargo & Company restated an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, Bank of America upped their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $256.80.

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.