Traders Buy Large Volume of Put Options on T-Mobile Us (TMUS)

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T-Mobile Us Inc (NASDAQ:TMUS) was the target of unusually large options trading activity on Thursday. Stock traders bought 21,062 put options on the company. This is an increase of 2,080% compared to the typical daily volume of 966 put options.

T-Mobile Us stock traded up $0.31 during trading hours on Friday, reaching $75.69. 173,789 shares of the stock were exchanged, compared to its average volume of 2,694,937. The company has a market capitalization of $64.68 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.20 and a beta of 0.44. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 1.04. T-Mobile Us has a twelve month low of $55.23 and a twelve month high of $77.13.

T-Mobile Us (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.14. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11 billion. T-Mobile Us had a net margin of 7.11% and a return on equity of 13.05%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 earnings per share. On average, sell-side analysts expect that T-Mobile Us will post 4.12 earnings per share for the current year.

TMUS has been the topic of a number of recent research reports. BTIG Research raised their price target on shares of T-Mobile Us to $91.00 and gave the stock a “buy” rating in a research report on Friday, January 18th. Royal Bank of Canada reaffirmed a “buy” rating and set a $76.00 price target on shares of T-Mobile Us in a research report on Thursday, February 7th. Argus reaffirmed a “buy” rating on shares of T-Mobile Us in a research report on Tuesday, February 19th. BidaskClub raised shares of T-Mobile Us from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. Finally, HSBC set a $80.00 price objective on shares of T-Mobile Us and gave the stock a “buy” rating in a research note on Friday, March 8th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $80.15.

In related news, COO G Michael Sievert sold 4,766 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $73.58, for a total transaction of $350,682.28. Following the transaction, the chief operating officer now directly owns 543,391 shares of the company’s stock, valued at $39,982,709.78. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of TMUS. AQR Capital Management LLC boosted its holdings in T-Mobile Us by 7.1% in the third quarter. AQR Capital Management LLC now owns 37,586 shares of the Wireless communications provider’s stock valued at $2,638,000 after purchasing an additional 2,479 shares during the period. Legal & General Group Plc increased its position in shares of T-Mobile Us by 5.4% during the third quarter. Legal & General Group Plc now owns 1,630,174 shares of the Wireless communications provider’s stock worth $114,406,000 after purchasing an additional 84,245 shares in the last quarter. Vanguard Group Inc increased its position in shares of T-Mobile Us by 0.8% during the third quarter. Vanguard Group Inc now owns 16,471,906 shares of the Wireless communications provider’s stock worth $1,156,000,000 after purchasing an additional 132,709 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of T-Mobile Us during the fourth quarter worth about $222,000. Finally, BKD Wealth Advisors LLC increased its position in shares of T-Mobile Us by 5.9% during the fourth quarter. BKD Wealth Advisors LLC now owns 6,993 shares of the Wireless communications provider’s stock worth $445,000 after purchasing an additional 389 shares in the last quarter. Institutional investors own 33.72% of the company’s stock.

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T-Mobile Us Company 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 79.7 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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