Nemes Rush Group LLC Has $214,000 Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Nemes Rush Group LLC lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 314.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 970 shares of the Wireless communications provider’s stock after buying an additional 736 shares during the quarter. Nemes Rush Group LLC’s holdings in T-Mobile US were worth $214,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. StoneX Group Inc. boosted its holdings in shares of T-Mobile US by 10.0% during the fourth quarter. StoneX Group Inc. now owns 18,533 shares of the Wireless communications provider’s stock worth $4,091,000 after acquiring an additional 1,690 shares during the period. HighPoint Advisor Group LLC lifted its holdings in T-Mobile US by 2.0% during the 4th quarter. HighPoint Advisor Group LLC now owns 9,496 shares of the Wireless communications provider’s stock worth $2,096,000 after purchasing an additional 182 shares during the last quarter. B. Metzler seel. Sohn & Co. AG boosted its stake in T-Mobile US by 13.6% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 31,499 shares of the Wireless communications provider’s stock valued at $6,953,000 after purchasing an additional 3,772 shares during the period. Seven Mile Advisory acquired a new position in T-Mobile US in the 4th quarter valued at $219,000. Finally, Summit Financial LLC increased its position in T-Mobile US by 7.1% during the 4th quarter. Summit Financial LLC now owns 3,585 shares of the Wireless communications provider’s stock worth $791,000 after buying an additional 238 shares during the period. Institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TMUS. Hsbc Global Res cut shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. HSBC lowered shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a research report on Wednesday, March 5th. Benchmark reiterated a “buy” rating and issued a $275.00 price target on shares of T-Mobile US in a research report on Thursday, March 27th. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley began coverage on T-Mobile US in a report on Monday, December 16th. They issued an “overweight” rating and a $280.00 price objective for the company. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and an average price target of $256.80.

T-Mobile US Price Performance

TMUS stock opened at $268.54 on Wednesday. The company has a market capitalization of $306.60 billion, a P/E ratio of 27.77, a PEG ratio of 1.55 and a beta of 0.64. The company has a fifty day moving average price of $254.86 and a 200-day moving average price of $234.05. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a 52-week low of $159.14 and a 52-week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.31%. The ex-dividend date is Friday, May 30th. T-Mobile US’s payout ratio is presently 36.40%.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.67% of the company’s stock.

About T-Mobile US

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.