Cibc World Markets Corp Increases Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Cibc World Markets Corp raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUSGet Rating) by 267.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,391,440 shares of the Wireless communications provider’s stock after buying an additional 1,013,149 shares during the period. T-Mobile US comprises approximately 0.9% of Cibc World Markets Corp’s portfolio, making the stock its 23rd largest position. Cibc World Markets Corp’s holdings in T-Mobile US were worth $161,380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Benjamin Edwards Inc. boosted its position in T-Mobile US by 703.5% during the fourth quarter. Benjamin Edwards Inc. now owns 1,599 shares of the Wireless communications provider’s stock valued at $185,000 after buying an additional 1,400 shares during the period. River Road Asset Management LLC boosted its position in T-Mobile US by 3.2% during the third quarter. River Road Asset Management LLC now owns 273,576 shares of the Wireless communications provider’s stock valued at $34,952,000 after buying an additional 8,550 shares during the period. HighTower Advisors LLC boosted its position in T-Mobile US by 4.4% during the third quarter. HighTower Advisors LLC now owns 85,016 shares of the Wireless communications provider’s stock valued at $10,857,000 after buying an additional 3,555 shares during the period. First Hawaiian Bank purchased a new stake in T-Mobile US during the fourth quarter valued at about $2,827,000. Finally, Destination Wealth Management purchased a new stake in T-Mobile US during the fourth quarter valued at about $656,000. Institutional investors and hedge funds own 45.24% of the company’s stock.

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $121.99, for a total transaction of $2,439,800.00. Following the completion of the transaction, the chief executive officer now owns 674,472 shares of the company’s stock, valued at $82,278,839.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is currently owned by company insiders.

Shares of NASDAQ TMUS traded up $0.64 on Thursday, reaching $125.88. 4,240,247 shares of the company’s stock traded hands, compared to its average volume of 5,503,700. T-Mobile US, Inc. has a 12 month low of $101.51 and a 12 month high of $150.20. The business’s 50 day simple moving average is $128.37 and its two-hundred day simple moving average is $120.83. The company has a market cap of $157.26 billion, a price-to-earnings ratio of 55.91, a price-to-earnings-growth ratio of 1.67 and a beta of 0.51. The company has a quick ratio of 0.69, a current ratio of 0.81 and a debt-to-equity ratio of 1.06.

T-Mobile US (NASDAQ:TMUSGet Rating) last announced its earnings results on Wednesday, April 27th. The Wireless communications provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.16. T-Mobile US had a net margin of 3.49% and a return on equity of 5.46%. The business had revenue of $20.12 billion during the quarter, compared to the consensus estimate of $20.14 billion. During the same quarter last year, the firm earned $0.92 earnings per share. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. Analysts forecast that T-Mobile US, Inc. will post 2.65 earnings per share for the current fiscal year.

Several analysts have issued reports on TMUS shares. TheStreet upgraded shares of T-Mobile US from a “c+” rating to a “b-” rating in a research report on Thursday, March 3rd. Citigroup upped their price objective on shares of T-Mobile US from $155.00 to $156.00 and gave the company a “buy” rating in a research note on Monday, March 14th. Royal Bank of Canada set a $152.00 price objective on shares of T-Mobile US in a research note on Wednesday, April 27th. Credit Suisse Group set a $188.00 price objective on shares of T-Mobile US in a research note on Monday, April 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, February 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $162.10.

About T-Mobile US (Get Rating)

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 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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