Toroso Investments LLC Sells 6,642 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Toroso Investments LLC lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUSGet Rating) by 23.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,472 shares of the Wireless communications provider’s stock after selling 6,642 shares during the period. Toroso Investments LLC’s holdings in T-Mobile US were worth $2,756,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TMUS. Core Alternative Capital lifted its stake in T-Mobile US by 600.0% in the 1st quarter. Core Alternative Capital now owns 203 shares of the Wireless communications provider’s stock valued at $26,000 after purchasing an additional 174 shares during the last quarter. Koshinski Asset Management Inc. lifted its stake in T-Mobile US by 48.5% in the 1st quarter. Koshinski Asset Management Inc. now owns 245 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 80 shares during the last quarter. Steward Financial Group LLC bought a new position in T-Mobile US in the 1st quarter valued at approximately $32,000. San Luis Wealth Advisors LLC bought a new position in T-Mobile US in the 1st quarter valued at approximately $31,000. Finally, Tcwp LLC bought a new position in T-Mobile US in the 1st quarter valued at approximately $34,000. Institutional investors own 45.24% of the company’s stock.

T-Mobile US Trading Down 0.6 %

NASDAQ:TMUS opened at $141.02 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.74 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $176.84 billion, a price-to-earnings ratio of 102.96, a PEG ratio of 2.14 and a beta of 0.48. The firm has a fifty day simple moving average of $141.66 and a two-hundred day simple moving average of $133.65. T-Mobile US, Inc. has a 12 month low of $101.51 and a 12 month high of $148.04.

T-Mobile US (NASDAQ:TMUSGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The Wireless communications provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $1.02. The business had revenue of $19.70 billion during the quarter, compared to analysts’ expectations of $20.08 billion. T-Mobile US had a net margin of 2.14% and a return on equity of 6.59%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the company posted $0.78 earnings per share. Analysts expect that T-Mobile US, Inc. will post 2.22 EPS for the current fiscal year.

Insider Activity

In other news, CAO Dara Bazzano sold 1,902 shares of T-Mobile US stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $143.94, for a total transaction of $273,773.88. Following the completion of the transaction, the chief accounting officer now directly owns 11,251 shares in the company, valued at $1,619,468.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the transaction, the director now directly owns 4,980 shares of the company’s stock, valued at $722,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Dara Bazzano sold 1,902 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $143.94, for a total transaction of $273,773.88. Following the transaction, the chief accounting officer now directly owns 11,251 shares in the company, valued at $1,619,468.94. The disclosure for this sale can be found here. Insiders sold 101,846 shares of company stock worth $14,808,930 over the last three months. 0.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank of Canada increased their price objective on shares of T-Mobile US from $152.00 to $158.00 in a research note on Thursday, July 14th. JPMorgan Chase & Co. set a $180.00 price target on shares of T-Mobile US in a research note on Wednesday, June 1st. Tigress Financial raised their price target on shares of T-Mobile US from $185.00 to $195.00 in a research note on Friday, June 24th. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $153.00 to $167.00 in a research note on Thursday, July 28th. Finally, Cowen raised their price target on shares of T-Mobile US from $179.00 to $187.00 in a research note on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $169.91.

T-Mobile US Company Profile

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUSGet Rating).

Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

Receive News & Ratings for T-Mobile US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US and related companies with MarketBeat.com's FREE daily email newsletter.