Redwood Investment Management LLC Sells 11,070 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Redwood Investment Management LLC cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 83.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,135 shares of the Wireless communications provider’s stock after selling 11,070 shares during the period. Redwood Investment Management LLC’s holdings in T-Mobile US were worth $349,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TMUS. Private Wealth Management Group LLC purchased a new stake in T-Mobile US in the fourth quarter worth about $27,000. Westside Investment Management Inc. lifted its position in shares of T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 75 shares during the last quarter. Valley National Advisers Inc. lifted its position in shares of T-Mobile US by 232.1% during the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 123 shares during the last quarter. Bay Harbor Wealth Management LLC purchased a new stake in shares of T-Mobile US during the fourth quarter valued at about $34,000. Finally, Pinnacle Bancorp Inc. lifted its position in shares of T-Mobile US by 52.8% during the first quarter. Pinnacle Bancorp Inc. now owns 220 shares of the Wireless communications provider’s stock valued at $36,000 after buying an additional 76 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded up $2.35 during midday trading on Thursday, reaching $184.63. 447,624 shares of the stock were exchanged, compared to its average volume of 4,719,078. The firm has a market cap of $216.36 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 0.72 and a beta of 0.51. T-Mobile US, Inc. has a twelve month low of $131.47 and a twelve month high of $185.42. The firm has a 50-day simple moving average of $176.92 and a two-hundred day simple moving average of $167.69. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter last year, the company earned $1.86 EPS. The business’s revenue was up 3.0% on a year-over-year basis. As a group, analysts anticipate that T-Mobile US, Inc. will post 8.99 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a yield of 1.41%. T-Mobile US’s payout ratio is currently 35.37%.

Analysts Set New Price Targets

Several research firms have recently issued reports on TMUS. Bank of America upped their price objective on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a report on Monday, June 10th. The Goldman Sachs Group began coverage on shares of T-Mobile US in a report on Monday, July 1st. They set a “buy” rating and a $200.00 price objective on the stock. KeyCorp upped their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Citigroup upped their price objective on shares of T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Fifteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of “Buy” and an average target price of $194.07.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CAO Dara Bazzano sold 4,300 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total value of $773,054.00. Following the transaction, the chief accounting officer now owns 6,202 shares in the company, valued at approximately $1,114,995.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Dara Bazzano sold 4,300 shares of T-Mobile US stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total transaction of $773,054.00. Following the transaction, the chief accounting officer now owns 6,202 shares in the company, valued at approximately $1,114,995.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jon Freier sold 20,000 shares of T-Mobile US stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $164.38, for a total value of $3,287,600.00. Following the transaction, the insider now owns 172,628 shares in the company, valued at approximately $28,376,590.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,199,458 shares of company stock worth $715,113,398. Corporate insiders own 0.67% of the company’s stock.

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 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.