Advisor Group Holdings Inc. reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Get a rating) by 4.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 85,550 shares of the wireless communications provider after selling 3,957 shares during the period. Advisor Group Holdings Inc.’s holdings in T-Mobile US were worth $10,246,000 at the end of the most recent reporting period.
Several other large investors also bought and sold shares of the company. Glassman Wealth Services increased its position in T-Mobile US shares by 19.8% in the first quarter. Glassman Wealth Services now owns 479 shares of the wireless communications provider valued at $61,000 after purchasing an additional 79 shares during the period. Dorsey & Whitney Trust CO LLC increased its position in T-Mobile US shares by 4.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,086 shares of the wireless communications provider valued at $242,000 after buying an additional 80 shares during the period. Koshinski Asset Management Inc. increased its position in T-Mobile US shares by 48.5% in the first quarter. Koshinski Asset Management Inc. now owns 245 shares of the wireless communications provider valued at $31,000 after buying an additional 80 shares during the period. Parkside Financial Bank & Trust increased its position in T-Mobile US shares by 17.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 564 shares of the wireless communications provider valued at $65,000 after buying an additional 85 shares during the period. Finally, First Bank & Trust strengthened its position in T-Mobile US shares by 13.6% in the 1st quarter. First Bank & Trust now owns 733 shares of the wireless communications provider valued at $94,000 after buying an additional 88 shares during the period. Institutional investors hold 45.24% of the company’s shares.
A Wall Street analyst gives his opinion
A number of equity analysts have weighed in on TMUS shares recently. Moffett Nathanson cut his price target on T-Mobile US to $165.00 in a Wednesday, May 25 research report. TheStreet downgraded T-Mobile US from a “b” rating to a “c+” rating in a Wednesday, July 27, research report. Citigroup raised its price target on T-Mobile US from $156.00 to $160.00 and gave the stock a “buy” rating in a Wednesday, July 20 research report. Morgan Stanley raised its price target on T-Mobile US from $155.00 to $159.00 and gave the stock an “overweight” rating in a Thursday, July 28 research report. Finally, Tigress Financial raised its price target on T-Mobile US from $185.00 to $195.00 in a Friday, June 24 research report. One research analyst rated the stock with a sell rating, three gave a hold rating, ten gave a buy rating and one issued a strong buy rating for the company’s stock. According to MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $169.14.
T-Mobile US stock up 0.9%
TMUS opened at $143.70 on Thursday. The company has a 50-day moving average of $134.88 and a 200-day moving average of $127.84. The company has a debt ratio of 1.05, a current ratio of 0.85 and a quick ratio of 0.74. T-Mobile US, Inc. has a fifty-two week low of $101.51 and a fifty-two week high of $145.39. The company has a market capitalization of $179.52 billion, a PE ratio of 104.89, a growth price-earnings ratio of 2.24 and a beta of 0.48.
T-Mobile United States (NASDAQ:TMUS – Get a rating) last released its quarterly earnings data on Wednesday, July 27. The wireless communications provider reported ($0.09) earnings per share for the quarter, missing analyst consensus estimates of $0.41 per ($0.50). T-Mobile US had a net margin of 2.14% and a return on equity of 6.59%. The company posted revenue of $19.70 billion in the quarter, versus a consensus estimate of $20.08 billion. In the same period a year earlier, the company posted earnings per share of $0.78. The company’s revenue was down 1.2% year over year. Equity research analysts expect T-Mobile US, Inc. to post EPS of 2.29 for the current fiscal year.
Insider activity at T-Mobile US
In related news, CEO Michael Sievert sold 20,000 shares of the company in a transaction that took place on Wednesday, May 11. The stock was sold at an average price of $121.99, for a total value of $2,439,800.00. As a result of the transaction, the CEO now directly owns 674,472 shares of the company, valued at approximately $82,278,839.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. 0.68% of the shares are held by insiders of the company.
T-Mobile US Profile
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico and the US Virgin Islands. The company provides voice, messaging and data services to 108.7 million customers in postpaid, prepaid and wholesale markets. It also provides wireless devices, including smartphones, wearables, tablets and other mobile communication devices, as well as wireless devices and accessories.
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