Old Mutual Global Investors UK Ltd. bought a new position in T-Mobile US Inc (NASDAQ:TMUS) in the 4th quarter, HoldingsChannel reports. The firm bought 590,619 shares of the Wireless communications provider’s stock, valued at approximately $37,510,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital One National Association boosted its holdings in T-Mobile US by 35.1% in the fourth quarter. Capital One National Association now owns 157,761 shares of the Wireless communications provider’s stock valued at $10,020,000 after purchasing an additional 40,951 shares during the last quarter. AGF Investments Inc. raised its stake in T-Mobile US by 1.1% during the fourth quarter. AGF Investments Inc. now owns 1,532,632 shares of the Wireless communications provider’s stock valued at $97,337,000 after buying an additional 17,133 shares in the last quarter. NuWave Investment Management LLC acquired a new stake in T-Mobile US during the fourth quarter valued at approximately $249,000. South Texas Money Management Ltd. raised its stake in T-Mobile US by 2.7% during the fourth quarter. South Texas Money Management Ltd. now owns 386,059 shares of the Wireless communications provider’s stock valued at $24,519,000 after buying an additional 10,067 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in T-Mobile US by 16.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 30,321 shares of the Wireless communications provider’s stock valued at $1,926,000 after buying an additional 4,256 shares in the last quarter. 35.23% of the stock is owned by institutional investors.

T-Mobile US Inc (NASDAQ:TMUS) opened at $57.69 on Wednesday. T-Mobile US Inc has a fifty-two week low of $54.60 and a fifty-two week high of $68.88. The stock has a market capitalization of $49,659.39, a P/E ratio of 11.07, a P/E/G ratio of 0.74 and a beta of 0.29. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.77 and a quick ratio of 0.64.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, February 8th. The Wireless communications provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. T-Mobile US had a return on equity of 9.60% and a net margin of 11.19%. The business had revenue of $10.76 billion during the quarter, compared to analyst estimates of $10.84 billion. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. analysts anticipate that T-Mobile US Inc will post 3.16 earnings per share for the current fiscal year.

T-Mobile US declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 6th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the Wireless communications provider to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Several analysts have issued reports on TMUS shares. Cowen restated a “buy” rating and set a $70.00 price objective on shares of T-Mobile US in a research note on Tuesday, October 17th. Zacks Investment Research cut T-Mobile US from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. BTIG Research upped their price objective on T-Mobile US from $74.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Societe Generale started coverage on T-Mobile US in a research note on Tuesday, October 24th. They set a “buy” rating and a $71.00 price objective on the stock. Finally, Macquarie restated a “hold” rating and set a $68.00 price objective on shares of T-Mobile US in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty have issued a buy rating and four have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $70.06.

In related news, EVP Peter A. Ewens sold 10,000 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $65.05, for a total value of $650,500.00. Following the completion of the transaction, the executive vice president now directly owns 146,434 shares of the company’s stock, valued at approximately $9,525,531.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO J Braxton Carter II sold 15,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $62.97, for a total value of $944,550.00. Following the completion of the transaction, the chief financial officer now directly owns 163,688 shares of the company’s stock, valued at $10,307,433.36. The disclosure for this sale can be found here. Insiders sold a total of 73,620 shares of company stock valued at $4,708,192 over the last three months. Corporate insiders own 0.29% of the company’s stock.

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About T-Mobile US

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

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