Versor Investments LP lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) by 67.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,630 shares of the Wireless communications provider’s stock after selling 3,325 shares during the period. Versor Investments LP’s holdings in T-Mobile US were worth $219,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in TMUS. Syverson Strege & Co acquired a new stake in T-Mobile US during the 2nd quarter valued at $27,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in T-Mobile US during the 3rd quarter valued at $27,000. Venture Visionary Partners LLC bought a new position in T-Mobile US during the 2nd quarter valued at $30,000. Janiczek Wealth Management LLC boosted its stake in T-Mobile US by 88.6% during the 2nd quarter. Janiczek Wealth Management LLC now owns 215 shares of the Wireless communications provider’s stock valued at $31,000 after acquiring an additional 101 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in T-Mobile US by 52.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 266 shares of the Wireless communications provider’s stock valued at $34,000 after acquiring an additional 91 shares during the last quarter. Institutional investors and hedge funds own 42.86% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on the stock. Raymond James reduced their price objective on shares of T-Mobile US from $175.00 to $168.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, December 14th. UBS Group set a $180.00 price objective on shares of T-Mobile US in a research note on Thursday, January 5th. The Goldman Sachs Group set a $180.00 price objective on shares of T-Mobile US in a research note on Tuesday. JPMorgan Chase & Co. set a $200.00 price objective on shares of T-Mobile US in a research note on Thursday, January 5th. Finally, Tigress Financial raised their price target on shares of T-Mobile US from $195.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, November 15th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $178.83.
T-Mobile US Trading Up 0.5 %
T-Mobile US (NASDAQ:TMUS – Get Rating) last issued its quarterly earnings data on Thursday, October 27th. The Wireless communications provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.13). The firm had revenue of $19.48 billion during the quarter, compared to the consensus estimate of $19.98 billion. T-Mobile US had a net margin of 1.92% and a return on equity of 6.29%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 earnings per share. Sell-side analysts anticipate that T-Mobile US, Inc. will post 2.01 earnings per share for the current year.
Insider Buying and Selling at T-Mobile US
In other T-Mobile US news, CAO Dara Bazzano sold 1,700 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $153.46, for a total transaction of $260,882.00. Following the transaction, the chief accounting officer now owns 9,551 shares of the company’s stock, valued at approximately $1,465,696.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Srikant M. Datar sold 750 shares of T-Mobile US stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $147.50, for a total value of $110,625.00. Following the transaction, the director now owns 3,230 shares of the company’s stock, valued at approximately $476,425. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Dara Bazzano sold 1,700 shares of T-Mobile US stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $153.46, for a total transaction of $260,882.00. Following the completion of the transaction, the chief accounting officer now directly owns 9,551 shares in the company, valued at approximately $1,465,696.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,450 shares of company stock valued at $11,045,767. Company insiders own 0.68% of the company’s stock.
T-Mobile US 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 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.
- Get a free copy of the StockNews.com research report on T-Mobile US (TMUS)
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