Penserra Capital Management LLC Grows Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Penserra Capital Management LLC grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 12.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 154,327 shares of the Wireless communications provider’s stock after purchasing an additional 16,742 shares during the quarter. Penserra Capital Management LLC’s holdings in T-Mobile US were worth $21,435,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in shares of T-Mobile US by 47.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,746,412 shares of the Wireless communications provider’s stock valued at $4,742,992,000 after acquiring an additional 10,564,117 shares during the period. Norges Bank bought a new position in T-Mobile US in the 4th quarter worth approximately $2,801,442,000. Morgan Stanley boosted its stake in T-Mobile US by 18.8% in the 4th quarter. Morgan Stanley now owns 10,984,556 shares of the Wireless communications provider’s stock worth $1,537,838,000 after purchasing an additional 1,742,108 shares during the period. Bank of New York Mellon Corp boosted its stake in T-Mobile US by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,725,113 shares of the Wireless communications provider’s stock worth $902,309,000 after purchasing an additional 47,956 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in T-Mobile US by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,179,664 shares of the Wireless communications provider’s stock worth $580,493,000 after purchasing an additional 84,221 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 0.0 %

T-Mobile US stock traded down $0.01 during trading on Tuesday, reaching $148.49. 241,915 shares of the company were exchanged, compared to its average volume of 5,324,377. T-Mobile US, Inc. has a 52-week low of $124.92 and a 52-week high of $153.36. The company has a market capitalization of $171.72 billion, a P/E ratio of 23.06 and a beta of 0.53. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.86 and a quick ratio of 0.78. The stock’s 50 day simple moving average is $142.37 and its two-hundred day simple moving average is $138.98.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 25th. The Wireless communications provider reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.07. T-Mobile US had a return on equity of 11.65% and a net margin of 9.93%. The firm had revenue of $19.25 billion for the quarter, compared to the consensus estimate of $19.35 billion. On average, equities research analysts expect that T-Mobile US, Inc. will post 7.13 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.65 dividend. The ex-dividend date is Thursday, November 30th.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several recent analyst reports. StockNews.com initiated coverage on T-Mobile US in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Morgan Stanley upped their price objective on T-Mobile US from $179.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. Barclays upgraded T-Mobile US from an “equal weight” rating to an “overweight” rating in a report on Tuesday, August 8th. TD Cowen increased their price target on T-Mobile US from $197.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on T-Mobile US from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, September 22nd. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $181.06.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 500 shares of T-Mobile US stock in a transaction on Friday, November 10th. The stock was sold at an average price of $147.50, for a total value of $73,750.00. Following the sale, the director now owns 4,564 shares in the company, valued at $673,190. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $147.29, for a total value of $2,945,800.00. Following the sale, the chief executive officer now owns 586,339 shares in the company, valued at approximately $86,361,871.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Srikant M. Datar sold 500 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $147.50, for a total value of $73,750.00. Following the completion of the sale, the director now owns 4,564 shares in the company, valued at approximately $673,190. The disclosure for this sale can be found here. Insiders have sold 67,953 shares of company stock worth $9,886,781 over the last quarter. 0.70% of the stock is currently owned by company 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 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; leasing through JUMP! On Demand; and High Speed Internet services.