Trexquant Investment LP Acquires 53,156 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Trexquant Investment LP increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 355.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,110 shares of the Wireless communications provider’s stock after acquiring an additional 53,156 shares during the quarter. Trexquant Investment LP’s holdings in T-Mobile US were worth $15,034,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in shares of T-Mobile US by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock worth $408,297,000 after purchasing an additional 47,350 shares during the period. Holocene Advisors LP purchased a new position in shares of T-Mobile US during the 3rd quarter valued at $2,544,000. Hilltop Holdings Inc. grew its stake in shares of T-Mobile US by 36.1% during the 3rd quarter. Hilltop Holdings Inc. now owns 4,209 shares of the Wireless communications provider’s stock worth $868,000 after acquiring an additional 1,117 shares during the period. Ionic Capital Management LLC purchased a new stake in T-Mobile US in the 3rd quarter worth about $557,000. Finally, Investment Management Corp of Ontario raised its stake in T-Mobile US by 261.8% in the 3rd quarter. Investment Management Corp of Ontario now owns 42,848 shares of the Wireless communications provider’s stock valued at $8,842,000 after acquiring an additional 31,004 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TMUS. Benchmark reiterated a “buy” rating and set a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. Royal Bank of Canada lifted their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a research note on Friday, March 21st. Scotiabank increased their target price on T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $256.80.

T-Mobile US Stock Performance

T-Mobile US stock opened at $268.54 on Wednesday. The firm has a fifty day simple moving average of $254.86 and a two-hundred day simple moving average of $234.05. T-Mobile US, Inc. has a twelve month low of $159.14 and a twelve month high of $276.49. The company has a market capitalization of $306.60 billion, a PE ratio of 27.77, a P/E/G ratio of 1.55 and a beta of 0.64. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

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

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.