Bank of Montreal Can Purchases 142,256 Shares of T-Mobile US, Inc. $TMUS

Bank of Montreal Can grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 27.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 656,863 shares of the Wireless communications provider’s stock after buying an additional 142,256 shares during the period. Bank of Montreal Can owned 0.06% of T-Mobile US worth $157,240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. L2 Asset Management LLC increased its stake in shares of T-Mobile US by 2.2% in the second quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock worth $496,000 after purchasing an additional 45 shares in the last quarter. City Holding Co. lifted its stake in shares of T-Mobile US by 48.4% during the 3rd quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock valued at $34,000 after buying an additional 46 shares in the last quarter. PAX Financial Group LLC boosted its holdings in T-Mobile US by 4.1% in the 2nd quarter. PAX Financial Group LLC now owns 1,190 shares of the Wireless communications provider’s stock worth $284,000 after buying an additional 47 shares during the period. New Republic Capital LLC grew its stake in T-Mobile US by 4.7% in the 3rd quarter. New Republic Capital LLC now owns 1,073 shares of the Wireless communications provider’s stock valued at $257,000 after buying an additional 48 shares in the last quarter. Finally, King Luther Capital Management Corp raised its holdings in T-Mobile US by 2.0% during the 2nd quarter. King Luther Capital Management Corp now owns 2,528 shares of the Wireless communications provider’s stock valued at $602,000 after acquiring an additional 49 shares during the period. Institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of analyst reports. BNP Paribas Exane cut their price target on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Argus decreased their price objective on T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. Scotiabank dropped their price objective on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a report on Thursday, February 12th. Barclays raised their target price on T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Finally, Oppenheimer lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.09.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $218.78 on Wednesday. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $272.60. The stock has a fifty day moving average of $203.37 and a 200 day moving average of $215.01. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. The firm has a market capitalization of $241.06 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 1.41 and a beta of 0.43.

Insider Transactions at T-Mobile US

In related news, CFO Peter Osvaldik sold 27,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $214.86, for a total value of $5,801,220.00. Following the completion of the sale, the chief financial officer owned 51,573 shares in the company, valued at $11,080,974.78. The trade was a 34.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mark Wolfe Nelson sold 10,240 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $220.80, for a total value of $2,260,992.00. Following the completion of the sale, the insider directly owned 74,280 shares of the company’s stock, valued at approximately $16,401,024. This represents a 12.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 694,134 shares of company stock worth $150,847,799. Company insiders own 0.37% of the company’s stock.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.