T-Mobile US, Inc. $TMUS is 140 Summer Partners LP’s 6th Largest Position

140 Summer Partners LP grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 116.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 312,474 shares of the Wireless communications provider’s stock after acquiring an additional 168,242 shares during the period. T-Mobile US comprises 6.5% of 140 Summer Partners LP’s investment portfolio, making the stock its 6th biggest holding. 140 Summer Partners LP’s holdings in T-Mobile US were worth $74,800,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in TMUS. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of T-Mobile US by 4.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 450,679 shares of the Wireless communications provider’s stock valued at $107,884,000 after acquiring an additional 19,486 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in T-Mobile US by 7.8% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 204,754 shares of the Wireless communications provider’s stock worth $49,014,000 after purchasing an additional 14,800 shares in the last quarter. Varma Mutual Pension Insurance Co increased its holdings in T-Mobile US by 8.8% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 82,917 shares of the Wireless communications provider’s stock worth $19,849,000 after purchasing an additional 6,700 shares during the period. Xponance Inc. raised its position in T-Mobile US by 17.7% in the 3rd quarter. Xponance Inc. now owns 80,749 shares of the Wireless communications provider’s stock valued at $19,330,000 after purchasing an additional 12,143 shares in the last quarter. Finally, Longbow Finance SA raised its position in T-Mobile US by 22.2% in the 3rd quarter. Longbow Finance SA now owns 31,948 shares of the Wireless communications provider’s stock valued at $7,648,000 after purchasing an additional 5,805 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TMUS shares. Weiss Ratings downgraded T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. BNP Paribas Exane reduced their target price on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Zacks Research upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. Finally, Barclays boosted their price target on shares of T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $257.09.

Insider Buying and Selling at T-Mobile US

In other news, CFO Peter Osvaldik sold 27,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total value of $5,801,220.00. Following the completion of the transaction, the chief financial officer owned 51,573 shares in the company, valued at approximately $11,080,974.78. This represents a 34.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Raul Marcelo Claure sold 550,000 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the completion of the transaction, the director directly owned 891,204 shares in the company, valued at $193,899,254.28. This trade represents a 38.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is owned by insiders.

T-Mobile US Price Performance

TMUS stock opened at $217.39 on Friday. The business has a 50 day moving average price of $204.16 and a 200 day moving average price of $214.50. The stock has a market cap of $239.53 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 1.41 and a beta of 0.43. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $272.60. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45.

T-Mobile US Company 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.