Lord Abbett & CO. LLC Raises Stake in T-Mobile Us Inc (TMUS)

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Lord Abbett & CO. LLC grew its holdings in T-Mobile Us Inc (NASDAQ:TMUS) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,972 shares of the Wireless communications provider’s stock after acquiring an additional 1,605 shares during the period. Lord Abbett & CO. LLC’s holdings in T-Mobile Us were worth $1,588,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. CWM LLC grew its holdings in T-Mobile Us by 440.3% during the 4th quarter. CWM LLC now owns 389 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 317 shares in the last quarter. Rehmann Capital Advisory Group grew its holdings in T-Mobile Us by 54.8% during the 4th quarter. Rehmann Capital Advisory Group now owns 641 shares of the Wireless communications provider’s stock valued at $41,000 after purchasing an additional 227 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in T-Mobile Us during the 4th quarter valued at $57,000. Whittier Trust Co. grew its holdings in T-Mobile Us by 19.7% during the 4th quarter. Whittier Trust Co. now owns 962 shares of the Wireless communications provider’s stock valued at $61,000 after purchasing an additional 158 shares in the last quarter. Finally, Bremer Trust National Association acquired a new stake in T-Mobile Us during the 4th quarter valued at $82,000. 32.76% of the stock is currently owned by institutional investors and hedge funds.

TMUS has been the subject of a number of recent analyst reports. BTIG Research raised their price target on shares of T-Mobile Us to $91.00 and gave the company a “buy” rating in a report on Friday, January 18th. BidaskClub lowered shares of T-Mobile Us from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Zacks Investment Research lowered shares of T-Mobile Us from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 10th. HSBC reaffirmed a “buy” rating and set a $76.00 price target on shares of T-Mobile Us in a report on Monday, January 14th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $76.00 price target on shares of T-Mobile Us in a report on Thursday, February 7th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $78.57.

Shares of TMUS stock opened at $71.90 on Friday. The firm has a market cap of $61.43 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 3.02 and a beta of 0.44. The company has a quick ratio of 0.70, a current ratio of 0.81 and a debt-to-equity ratio of 1.18. T-Mobile Us Inc has a 1-year low of $55.09 and a 1-year high of $74.06.

T-Mobile Us (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, February 7th. The Wireless communications provider reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.06. The company had revenue of $11.45 billion during the quarter, compared to analyst estimates of $11.38 billion. T-Mobile Us had a net margin of 6.67% and a return on equity of 12.12%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $3.11 EPS. Equities analysts forecast that T-Mobile Us Inc will post 3.98 earnings per share for the current fiscal year.

In other T-Mobile Us news, COO G Michael Sievert sold 10,228 shares of the firm’s stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $67.90, for a total transaction of $694,481.20. Following the completion of the transaction, the chief operating officer now directly owns 431,890 shares of the company’s stock, valued at approximately $29,325,331. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Elizabeth A. Mcauliffe sold 2,250 shares of the firm’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $69.52, for a total transaction of $156,420.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,244 shares of company stock valued at $4,242,113. 0.37% of the stock is owned by company insiders.

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T-Mobile Us Profile

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 79.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

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

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