Engineers Gate Manager LP Lowers Stake in T-Mobile US, Inc. $TMUS

Engineers Gate Manager LP cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 86.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 66,119 shares of the Wireless communications provider’s stock after selling 440,347 shares during the quarter. Engineers Gate Manager LP’s holdings in T-Mobile US were worth $11,090,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Main Street Group LTD acquired a new position in T-Mobile US in the 1st quarter valued at about $25,000. Swiss RE Ltd. acquired a new stake in T-Mobile US during the 4th quarter worth approximately $29,000. Paladin Partners LLC acquired a new stake in T-Mobile US during the 2nd quarter worth approximately $25,000. Sachetta LLC raised its stake in shares of T-Mobile US by 52.9% during the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 55 shares during the last quarter. Finally, Dunhill Financial LLC purchased a new stake in shares of T-Mobile US during the second quarter worth approximately $27,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of analyst reports. Royal Bank Of Canada lowered their price objective on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. TD Cowen reduced their target price on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Weiss Ratings downgraded shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 15th. Wells Fargo & Company dropped their price target on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Friday, July 24th. Finally, UBS Group cut their price target on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Stock Down 0.1%

T-Mobile US stock opened at $177.16 on Friday. The stock’s 50 day moving average price is $181.82 and its 200 day moving average price is $191.28. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $244.24. The company has a market cap of $190.03 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.14 and a beta of 0.34. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last released its earnings results 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. The company had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.T-Mobile US’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.84 earnings per share. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.82 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Friday, August 28th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is currently 42.72%.

T-Mobile US Company Profile

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States. Its offerings include postpaid and prepaid wireless plans, connected devices, smartphones, accessories and related communications services.

The company operates its consumer business primarily under the T-Mobile and Metro by T-Mobile brands. It also provides fixed wireless broadband, which uses its wireless network to deliver internet access to homes and businesses, as well as specialized connectivity services for connected devices and other applications.

T-Mobile US operates a nationwide wireless network, including a broad 5G network, and serves customers throughout the United States, including Puerto Rico and the U.S.