GSA Capital Partners LLP Has $2.78 Million Stake in T-Mobile US, Inc. $TMUS

GSA Capital Partners LLP increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 200.9% in the fourth quarter, HoldingsChannel reports. The firm owned 13,699 shares of the Wireless communications provider’s stock after acquiring an additional 9,147 shares during the period. GSA Capital Partners LLP’s holdings in T-Mobile US were worth $2,781,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in T-Mobile US by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock worth $10,244,764,000 after purchasing an additional 636,192 shares during the period. State Street Corp boosted its stake in T-Mobile US by 4.7% in the 3rd quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider’s stock worth $5,801,155,000 after purchasing an additional 1,092,769 shares during the period. Capital International Investors boosted its stake in T-Mobile US by 5.5% in the 3rd quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock worth $3,285,608,000 after purchasing an additional 711,278 shares during the period. Wellington Management Group LLP boosted its stake in T-Mobile US by 47.5% in the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after purchasing an additional 4,335,368 shares during the period. Finally, Invesco Ltd. boosted its stake in T-Mobile US by 6.1% in the 3rd quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock worth $1,891,845,000 after purchasing an additional 453,096 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Barclays reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Friday, April 24th. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a research note on Wednesday, April 22nd. Arete Research lifted their target price 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. Finally, Scotiabank decreased their target price on shares of T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating for the company in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $260.48.

Insider Buying and Selling at T-Mobile US

In other news, insider Mark Wolfe Nelson sold 6,274 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $219.69, for a total transaction of $1,378,335.06. Following the transaction, the insider owned 68,006 shares in the company, valued at approximately $14,940,238.14. This trade represents a 8.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the transaction, the insider owned 181,930 shares in the company, valued at $35,623,713.30. This represents a 2.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 138,894 shares of company stock worth $29,902,357 in the last ninety days. Company insiders own 0.37% of the company’s stock.

T-Mobile US Stock Up 2.9%

T-Mobile US stock opened at $190.65 on Tuesday. The company has a market capitalization of $206.32 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.09 and a beta of 0.33. The firm’s fifty day simple moving average is $200.77 and its 200-day simple moving average is $202.74. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $261.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The business had revenue of $23.11 billion for the quarter, compared to the consensus estimate of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. T-Mobile US’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.58 EPS. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.65 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, May 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.1%. T-Mobile US’s dividend payout ratio (DPR) is currently 43.40%.

About T-Mobile US

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.