Two Sigma Securities LLC Purchases New Stake in T-Mobile US, Inc. $TMUS

Two Sigma Securities LLC acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 30,711 shares of the Wireless communications provider’s stock, valued at approximately $5,151,000. T-Mobile US comprises about 0.4% of Two Sigma Securities LLC’s portfolio, making the stock its 29th biggest holding.

Several other hedge funds also recently added to or reduced their stakes in the stock. Lansforsakringar Fondforvaltning AB publ raised its stake in T-Mobile US by 14.6% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider’s stock worth $39,354,000 after acquiring an additional 23,836 shares during the period. First National Bank of Mount Dora Trust Investment Services boosted its stake in T-Mobile US by 34.8% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider’s stock valued at $12,593,000 after acquiring an additional 15,495 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of T-Mobile US by 16.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider’s stock valued at $20,010,000 after purchasing an additional 14,110 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of T-Mobile US by 32.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 296,083 shares of the Wireless communications provider’s stock worth $62,370,000 after purchasing an additional 72,922 shares during the period. Finally, Liontrust Investment Partners LLP raised its position in shares of T-Mobile US by 46.0% during the 1st quarter. Liontrust Investment Partners LLP now owns 57,402 shares of the Wireless communications provider’s stock worth $12,056,000 after purchasing an additional 18,075 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Price Performance

T-Mobile US stock opened at $181.37 on Monday. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $258.66. The stock has a market cap of $194.55 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 1.02 and a beta of 0.33. The company’s 50-day moving average price is $181.12 and its two-hundred day moving average price is $193.32. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48.

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

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be issued a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio is 42.72%.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of analyst reports. Barclays reduced their price objective on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Weiss Ratings cut T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. TD Cowen reduced their price target on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a report on Friday, July 24th. Scotiabank lowered their price target on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a research report on Wednesday, July 15th. Finally, Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.