Aptus Capital Advisors LLC Purchases 7,973 Shares of T-Mobile US, Inc. $TMUS

Aptus Capital Advisors LLC grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 9.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,104 shares of the Wireless communications provider’s stock after buying an additional 7,973 shares during the quarter. Aptus Capital Advisors LLC’s holdings in T-Mobile US were worth $23,005,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Howard Hughes Medical Institute purchased a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $25,000. United Community Bank lifted its stake in T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 59 shares during the last quarter. Elevation Wealth Partners LLC grew its holdings in T-Mobile US by 190.0% during the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 76 shares during the period. Aspect Partners LLC grew its holdings in T-Mobile US by 112.1% during the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 65 shares during the period. Finally, CoreFirst Bank & Trust purchased a new stake in T-Mobile US in the second quarter worth $31,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.4%

Shares of NASDAQ:TMUS opened at $220.54 on Friday. The firm has a market capitalization of $243.00 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 1.42 and a beta of 0.43. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $272.60. The firm has a fifty day moving average of $202.37 and a 200 day moving average of $216.37.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several research reports. Weiss Ratings downgraded T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a research report 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. Oppenheimer cut shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, November 21st. Finally, Citigroup cut their price objective on shares of T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a report on Friday, December 19th. 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $257.09.

Insider Transactions at T-Mobile US

In other news, insider Mark Wolfe Nelson sold 10,240 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $220.80, for a total transaction of $2,260,992.00. Following the transaction, the insider directly owned 74,280 shares in the company, valued at approximately $16,401,024. This represents a 12.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Peter Osvaldik sold 27,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 51,573 shares in the company, valued at approximately $11,080,974.78. This represents a 34.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 690,843 shares of company stock valued at $150,120,159 over the last quarter. 0.37% of the stock is owned by company insiders.

About T-Mobile US

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.