T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) was the target of a sharp rise in short-term interest rates in December. On December 15th, there was short interest totaling 17,950,000 shares, an increase of 19.2% from the total of 15,060,000 shares on November 30th. Currently, 3.3% of the company’s shares are short. Based on an average daily volume of 5,530,000 shares, the short interest ratio is currently 3.2 days.
T-Mobile US price development
Shares of TMUS rose $0.60 during trading hours on Friday to hit $140.00. The stock had a trading volume of 2,554,463 shares compared to an average volume of 5,037,304. The stock has a market cap of $174.18 billion, a PE ratio of 114.26, a PEG ratio of 2.54 and a beta of 0.53. T-Mobile US has a 12-month low of $101.51 and a 12-month high of $154.38. The company has a gearing ratio of 1.02, a quick ratio of 0.73 and a current ratio of 0.81. The company’s 50-day moving average is $145.76 and its two-hundred-day moving average is $140.97.
T-Mobile US (NASDAQ:TMUS – Get Rating) last reported earnings results on Thursday, October 27th. The wireless communications provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 ($0.13). T-Mobile US had a net margin of 1.92% and a return on equity of 6.29%. The company had revenue of $19.48 billion for the quarter, compared to the consensus estimate of $19.98 billion. In the same quarter last year, the company reported earnings per share of $0.55. Quarterly revenue at T-Mobile US declined 0.7 percent compared to the prior-year quarter. Research analysts expect T-Mobile US to post 2.02 EPS for the year to date.
Analysts set new price targets
Several brokerage firms have recently issued reports on TMUS. Raymond James lowered its price target on T-Mobile US to $168.00 and the company from $175.00 on Wednesday 14th. JPMorgan Chase & Co. issued a price target of $200.00 fixed for T-Mobile US. StockNews.com began coverage of T-Mobile US in a research note on Wednesday, October 12. They gave the company a “hold” rating. Wolfe Research increased its target price on T-Mobile US shares to $168.00 from $162.00 and rated the stock as “Outperform” in a research note on Thursday, September 29. Finally, in a report on Thursday, December 15, Morgan Stanley lowered its target price on T-Mobile US shares to $175.00 from $180.00 and gave the stock an “Overweight” rating. Two investment analysts have rated the stock with a hold rating, nine with a buy rating and two with a strong buy rating on the company. According to data from MarketBeat, the stock currently has an average rating of “buy” and an average price target of $175.95.
Insider activity at T-Mobile US
In other news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US in a transaction that took place on Monday, October 31st. The stock sold at an average price of $150.76 for a total transaction of $150,760.00. Upon completion of the transaction, the Director now directly owns 3,980 shares of the Company, valued at approximately $600,024.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed at this hyperlink. In separate news from T-Mobile US, insider Neville R. Ray sold 50,000 shares of the stock in a transaction on Friday, October 28th. The shares sold at an average price of $150.47 for a total value of $7,523,500.00. Following the transaction, the insider now directly owns 313,902 shares of the company’s stock valued at approximately $47,232,833.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed at this hyperlink. In addition, Director Srikant M. Datar sold 1,000 shares of the company’s shares in a transaction that took place on Monday, October 31st. The stock sold at an average price of $150.76 for a total value of $150,760.00. Following the sale, the Director now owns 3,980 shares of the Company, valued at approximately $600,024.80. The disclosure for this sale can be found here. Over the past ninety days, insiders sold 73,450 shares of the company’s shares, valued at $11,045,767. Insiders own 0.68% of the company’s shares.
Hedge funds rely on T-Mobile US
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Syverson Strege & Co acquired a new $27,000 stake in T-Mobile US during the second quarter. Householder Group Estate & Retirement Specialist LLC bought a new position in T-Mobile US stock valued at approximately $27,000 during the third quarter. Evermay Wealth Management LLC increased its stake in T-Mobile US stock by 103.9% in the third quarter. Evermay Wealth Management LLC now owns 208 shares of the wireless communications provider, valued at $28,000, after purchasing an additional 106 shares during the period. Venture Visionary Partners LLC acquired a new equity interest in T-Mobile US for approximately $30,000 during the second quarter. Finally, Janiczek Wealth Management LLC increased its position in T-Mobile US by 88.6% in the second quarter. Janiczek Wealth Management LLC now owns 215 shares of the wireless communications provider, valued at $31,000, after purchasing an additional 101 shares during the period. 42.86% of the shares are currently owned by institutional investors and hedge funds.
About T-Mobile USA
T-Mobile US, Inc, together with its subsidiaries, provides wireless service in the United States, Puerto Rico and the US Virgin Islands. The company provides voice, messaging and data services to 108.7 million customers in the postpaid, prepaid and wholesale markets. It also offers wireless devices, including smartphones, wearables and tablets, and other mobile communication devices, as well as wireless devices and accessories.
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