GF Fund Management CO. LTD. Purchases New Shares in T-Mobile US, Inc. (NASDAQ:TMUS)

GF Fund Management CO. LTD. purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, Holdings Channel.com reports. The firm purchased 220,031 shares of the Wireless communications provider’s stock, valued at approximately $48,567,000. T-Mobile US makes up about 1.1% of GF Fund Management CO. LTD.’s investment portfolio, making the stock its 14th biggest position.

A number of other institutional investors have also made changes to their positions in the business. Rakuten Securities Inc. raised its holdings in T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 62 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in T-Mobile US during the 4th quarter worth about $28,000. Financial Life Planners bought a new stake in T-Mobile US during the 4th quarter worth about $29,000. Pinney & Scofield Inc. bought a new stake in T-Mobile US during the 4th quarter worth about $39,000. Finally, DT Investment Partners LLC raised its holdings in T-Mobile US by 58.8% during the 4th quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider’s stock worth $42,000 after purchasing an additional 70 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Price Performance

Shares of TMUS opened at $242.88 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The stock has a 50 day simple moving average of $252.32 and a 200 day simple moving average of $243.60. T-Mobile US, Inc. has a 52-week low of $164.76 and a 52-week high of $276.49. The firm has a market capitalization of $275.78 billion, a PE ratio of 25.12, a P/E/G ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. During the same period in the previous year, the firm earned $2.00 EPS. T-Mobile US’s quarterly revenue was up 6.6% compared to the same quarter last year. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Hsbc Global Res cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Oppenheimer boosted their price objective on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Royal Bank of Canada upped their price target on T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a research note on Friday, March 21st. Finally, Tigress Financial upped their price target on T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $257.68.

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.