Neuberger Berman Group LLC Has $109.86 Million Stake in T-Mobile US, Inc. (TMUS)
Neuberger Berman Group LLC trimmed its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,781,777 shares of the Wireless communications provider’s stock after selling 1,891 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.21% of T-Mobile US worth $109,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of TMUS. Rational Advisors LLC bought a new position in shares of T-Mobile US during the third quarter worth about $105,000. Capital Bank & Trust Co raised its position in shares of T-Mobile US by 3,128.6% during the third quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock worth $139,000 after acquiring an additional 2,190 shares during the last quarter. Opera Trading Capital bought a new position in shares of T-Mobile US during the third quarter worth about $154,000. Proficio Capital Partners LLC increased its holdings in T-Mobile US by 54.7% in the second quarter. Proficio Capital Partners LLC now owns 2,463 shares of the Wireless communications provider’s stock worth $157,000 after purchasing an additional 871 shares in the last quarter. Finally, Captrust Financial Advisors bought a new stake in T-Mobile US in the second quarter worth approximately $159,000. Institutional investors own 34.96% of the company’s stock.
TMUS has been the subject of a number of research analyst reports. Cowen reiterated a “buy” rating and issued a $70.00 target price on shares of T-Mobile US in a report on Tuesday, October 17th. Royal Bank of Canada reiterated a “buy” rating and issued a $76.00 target price on shares of T-Mobile US in a report on Tuesday, October 3rd. KeyCorp set a $72.00 target price on T-Mobile US and gave the stock a “buy” rating in a report on Wednesday, October 11th. Jefferies Group reiterated a “buy” rating and issued a $80.00 target price on shares of T-Mobile US in a report on Thursday, September 7th. Finally, BTIG Research lifted their target price on T-Mobile US from $74.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $69.70.
T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.17. The company had revenue of $10.02 billion for the quarter, compared to analysts’ expectations of $10.01 billion. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. T-Mobile US’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 earnings per share. research analysts forecast that T-Mobile US, Inc. will post 2.41 EPS for the current year.
T-Mobile US declared that its Board of Directors has initiated a stock buyback plan on Wednesday, December 6th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the Wireless communications provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
In related news, CFO J Braxton Carter II sold 15,000 shares of T-Mobile US stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $62.97, for a total transaction of $944,550.00. Following the transaction, the chief financial officer now owns 163,688 shares of the company’s stock, valued at $10,307,433.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.29% of the stock is owned by insiders.
T-Mobile US Profile
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 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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