T-Mobile US, Inc. $TMUS Shares Purchased by Moore Capital Management LP

Moore Capital Management LP grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 868.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,481 shares of the Wireless communications provider’s stock after purchasing an additional 25,541 shares during the period. Moore Capital Management LP’s holdings in T-Mobile US were worth $4,777,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TMUS. Main Street Group LTD bought a new position in shares of T-Mobile US during the first quarter valued at approximately $25,000. JDM Financial Group LLC boosted its position in T-Mobile US by 114.0% during the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 65 shares during the period. Swiss RE Ltd. bought a new position in T-Mobile US during the 4th quarter worth $29,000. Paladin Partners LLC bought a new position in T-Mobile US during the 2nd quarter worth $25,000. Finally, Sachetta LLC increased its position in T-Mobile US by 52.9% in the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after buying an additional 55 shares during the period. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Performance

Shares of TMUS opened at $180.44 on Tuesday. The firm has a market capitalization of $193.55 billion, a PE ratio of 18.89, a P/E/G ratio of 1.02 and a beta of 0.33. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The firm has a 50-day moving average price of $181.13 and a 200 day moving average price of $193.18. T-Mobile US, Inc. has a 52-week low of $165.66 and a 52-week high of $258.66.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. T-Mobile US’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.84 EPS. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio is 42.72%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a report on Monday, July 6th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of T-Mobile US in a report on Tuesday, May 19th. Barclays cut their price objective on shares of T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. KeyCorp decreased their target price on shares of T-Mobile US from $260.00 to $250.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Finally, Arete Research raised their price target on shares of T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $252.08.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.