Stephens Inc. AR Decreases Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Stephens Inc. AR trimmed its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) by 54.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,108 shares of the Wireless communications provider’s stock after selling 4,877 shares during the period. Stephens Inc. AR’s holdings in T-Mobile US were worth $527,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Victory Capital Management Inc. raised its holdings in shares of T-Mobile US by 3.4% during the first quarter. Victory Capital Management Inc. now owns 625,686 shares of the Wireless communications provider’s stock valued at $77,047,000 after purchasing an additional 20,845 shares during the last quarter. Bfsg LLC purchased a new position in shares of T-Mobile US during the first quarter valued at approximately $874,000. Benjamin Edwards Inc. raised its holdings in shares of T-Mobile US by 52.1% during the first quarter. Benjamin Edwards Inc. now owns 2,432 shares of the Wireless communications provider’s stock valued at $312,000 after purchasing an additional 833 shares during the last quarter. Waldron Private Wealth LLC raised its holdings in shares of T-Mobile US by 2.7% during the first quarter. Waldron Private Wealth LLC now owns 9,478 shares of the Wireless communications provider’s stock valued at $1,216,000 after purchasing an additional 248 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. purchased a new position in shares of T-Mobile US during the first quarter valued at approximately $12,653,000. 45.24% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

TMUS stock opened at $142.35 on Wednesday. T-Mobile US, Inc. has a 52 week low of $101.51 and a 52 week high of $145.46. The company has a quick ratio of 0.74, a current ratio of 0.85 and a debt-to-equity ratio of 1.05. The company has a fifty day simple moving average of $134.63 and a two-hundred day simple moving average of $127.73. The firm has a market capitalization of $177.84 billion, a P/E ratio of 103.91, a price-to-earnings-growth ratio of 2.18 and a beta of 0.48.

T-Mobile US (NASDAQ:TMUS – Get Rating) last announced its earnings results on Wednesday, July 27th. The Wireless communications provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.50). T-Mobile US had a net margin of 2.14% and a return on equity of 6.59%. The firm had revenue of $19.70 billion during the quarter, compared to analysts’ expectations of $20.08 billion. During the same period in the prior year, the company posted $0.78 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. Analysts anticipate that T-Mobile US, Inc. will post 2.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $121.99, for a total value of $2,439,800.00. Following the transaction, the chief executive officer now owns 674,472 shares of the company’s stock, valued at approximately $82,278,839.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.68% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TMUS. Cowen boosted their price objective on shares of T-Mobile US from $179.00 to $187.00 in a report on Thursday, July 28th. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $153.00 to $167.00 in a report on Thursday, July 28th. Deutsche Bank Aktiengesellschaft upped their target price on shares of T-Mobile US from $185.00 to $190.00 in a report on Tuesday, July 19th. Raymond James reaffirmed a “maintains” rating on shares of T-Mobile US in a report on Thursday, July 28th. Finally, Citigroup upped their target price on shares of T-Mobile US from $156.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.14.

About T-Mobile US

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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 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.