During December, the total number of short positions in T-Mobile US, Inc. (NASDAQ: TMUS) saw a sizeable increase. A total of 15,060,000 shares were borrowed as of November 30, but as of December 15, there were 17,950,000 shares borrowed, which is a 19.2% increase over the total number of shares borrowed as of November 30. As a result, 3.3% of the company’s shares are currently being sold on the short market. As a result, the current short-interest ratio is 3.2 days, calculated based on an average daily trading volume of 5,530,000 shares. This number was arrived at after taking into account all relevant factors.
On October 27, the most recent earnings report for T-Mobile US was made public. T-Mobile US is a publicly traded company on the NASDAQ, and its stock is denoted by the symbol TMUS. The cellular communications company’s earnings for the quarter came in at $0.40 per share, which was $0.13 less than the consensus estimate of $0.53 per share. The net margin and return on equity for T-Mobile US came in at 1.92% and 6.29%, respectively, according to the company’s financials. The company’s most recent quarter reported actual revenue of $19.48 billion, which is lower than the average projection of $19.98 billion that was made for that quarter. The company generated $0.55 per share during the same period the year before. The revenue earned by T-Mobile US during the third quarter decreased by 0.7% compared to the same period in the prior year. The research analysts believe that T-Mobile US will bring in $2.02 in profits per share for the current fiscal year. These projections were made for the current fiscal year.
Within the last few weeks, TMUS has been the subject of reports made public by several brokerage firms. Raymond James downgraded their price target on T-Mobile US from $175.00 to $168.00 and gave the company a “strong-buy” rating in a research note published on December 14. The report centered on T-Mobile in the United States. In a research report made available to the public on October 28, JPMorgan Chase & Co. projected that T-Mobile US would reach a price of $200 by the end of the year. StockNews.com’s research note dated October 12 was the first of its kind to cover T-Mobile US and the first to be published. Wednesday was the day that the note was made public. They recommended that shareholders “hold” their shares of the company. Finally, in a research note published on September 29, Wolfe Research raised their price objective on T-Mobile US shares from $162.00 to $168.00 and rated the stock as “outperform.”
Last but not least, Morgan Stanley stated in a research report released on Thursday, December 15, that the firm would be lowering their price objective on shares of T-Mobile US from $180.00 to $175.00 while maintaining their “overweight” rating on the stock. This stock has been recommended to hold by two analysts, while it has been given a buy rating by nine other analysts and a strong buy rating by two more analysts. According to information provided by Bloomberg, most analysts currently have a “buy” rating for the company, and their stock price objective is $175.95. This information is based on the fact that most analysts currently have a “buy” rating for the company.
TMUS saw a price increase of $0.60 during Friday’s trading hours, bringing the current price to $140.00. In total, 2,554,463 shares of the company’s stock were traded, significantly lower than the daily volume of 5,037,304 typically traded shares. The company has favorable characteristics, such as a price-to-earnings ratio of 114.26, a price-to-beta ratio of 0.53, a price-to-beta ratio of 2.54, a price-beta ratio of 0.53, and a market value of $174.18 billion. During the same period, T-Mobile US had a one-year low of $101.51 and a one-year high of $101.51, while the other had a value of $154.38.The difference between the quick and current ratios is somewhere between 0.73 to 0.81, and the ratio of debt to equity is exactly 1. The moving average price of the company over the previous 200 days is $140.97, while the moving average price over the previous 200 days is $145.76.
In addition, on October 31, one thousand of T-Mobile US’s shares of the stock were sold by Srikant M. Datar, a director at the company. The total amount received for the sale of the shares was $150,760.00, which works out to an average selling price of $150.76 per share. After the completion of the transaction, the director is now the direct owner of 3,980 company shares, which have a value of approximately $600,024.80. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. Neville R. Ray, an insider at T-Mobile US, sold 50,000 shares of the company’s stock on Friday, October 28. This is merely one piece of information released about the company. It was determined that each share was sold at an average price of $150.47, which led to a total sale volume of $7,523,500.00. The price at which each share was sold was determined. After the completion of the transaction, the company insider now owns 313,902 shares of the company’s stock, which have a combined value of approximately $47,232,833.94. Clicking on the link provided in the previous sentence will take you to a page where you can read the legal documents sent to the Securities and Exchange Commission regarding the transaction. Another company director, Srikant M. Datar, decided to sell 1,000 shares of the company’s stock on the same day, Monday, October 31. It was determined that each share was sold for an average price of $150.76, which resulted in the total sale of the shares being $150,760.00. Following the completion of the sale, the director now has a total of 3,980 shares in the company. At the price that they are trading at right now, these shares are worth approximately $600,024.80. Disclosures that are related to the sale might be found in this section of the website. Over the past three months, employees with insider trading privileges on their accounts sold 73,450 shares of company stock with a combined value of $11,045,767. People hold a total of 0.68% of shares with inside knowledge of the company.
As a result of recent occurrences, institutional investors and hedge funds have increased or decreased the scope of their interests in the company. $27,000 was invested by Syverson Strege & Co. in a new stake in T-Mobile US during the second quarter of the fiscal year. The Householder Group Estate & Retirement Specialist LLC initiated a fresh investment in T-Mobile US during the third quarter of this fiscal year. It was estimated that this investment was worth approximately $27,000. During the third quarter of the fiscal year, Evermay Wealth Management LLC increased the percentage of T-Mobile US stock owned by 103.9%. Evermay Wealth Management LLC now has 208 shares of the wireless communications provider’s stock, which are currently valued at $28,000, after making an additional purchase of 106 shares during the time frame in question. This brings the total number of shares that the company owns to 208. During the second quarter, Venture Visionary Partners LLC spent close to thirty thousand dollars to acquire an additional interest in T-Mobile US.
Last but not least, during the second quarter, Janiczek Wealth Management LLC saw an increase of 88.6% in the value of its investment in T-Mobile US. This is certainly not an indication that this item should be considered unimportant. During the period covered by the report, Janiczek Wealth Management LLC purchased 101 shares of the company’s stock, which resulted in an increase in the total number of shares owned by the company. Because of this, the business now owns 215 shares of the parent company’s stock, each of which has a value of $31,000. In addition, a variety of institutional investors, such as hedge funds and pension funds, currently own a combined total of 42.86% of the company’s stock.
T-Mobile US, Inc. (NASDAQ:TMUS) short interest grows by 19.2%.
