Sycomore Asset Management Raises Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Sycomore Asset Management grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 24.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 78,614 shares of the Wireless communications provider’s stock after buying an additional 15,577 shares during the period. T-Mobile US makes up 2.0% of Sycomore Asset Management’s investment portfolio, making the stock its 12th largest position. Sycomore Asset Management’s holdings in T-Mobile US were worth $15,978,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brookstone Capital Management purchased a new position in T-Mobile US in the third quarter worth about $230,000. LVW Advisors LLC bought a new position in T-Mobile US in the 3rd quarter valued at approximately $228,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in T-Mobile US by 365.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,149 shares of the Wireless communications provider’s stock valued at $856,000 after purchasing an additional 3,257 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of T-Mobile US by 8.4% in the 3rd quarter. Ritholtz Wealth Management now owns 10,876 shares of the Wireless communications provider’s stock worth $2,244,000 after purchasing an additional 843 shares in the last quarter. Finally, Compton Wealth Advisory Group LLC lifted its holdings in shares of T-Mobile US by 3.2% during the third quarter. Compton Wealth Advisory Group LLC now owns 15,494 shares of the Wireless communications provider’s stock valued at $3,197,000 after purchasing an additional 485 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Royal Bank of Canada boosted their target price on T-Mobile US from $240.00 to $245.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 30th. Benchmark restated a “buy” rating and set a $255.00 price objective on shares of T-Mobile US in a research report on Tuesday, January 28th. Morgan Stanley started coverage on shares of T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 target price for the company. Bank of America raised their price target on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, Daiwa America upgraded T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $251.79.

T-Mobile US Price Performance

TMUS opened at $246.24 on Monday. 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 fifty day moving average of $225.96 and a 200 day moving average of $215.70. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $250.50. The stock has a market cap of $281.14 billion, a P/E ratio of 25.46, a PEG ratio of 1.44 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last issued its 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 net margin of 13.93% and a return on equity of 18.09%. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. 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 1.43%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Insiders Place Their Bets

In related news, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the sale, the director now directly owns 5,653 shares in the company, valued at $1,306,295.24. This represents a 16.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the sale, the director now directly owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. The trade was a 16.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,100 shares of company stock worth $747,378 in the last three months. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Company 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.