Arrowstreet Capital Limited Partnership Sells 782,039 Shares of T-Mobile US, Inc. $TMUS

Arrowstreet Capital Limited Partnership trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 36.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,344,360 shares of the Wireless communications provider’s stock after selling 782,039 shares during the period. Arrowstreet Capital Limited Partnership owned 0.12% of T-Mobile US worth $321,813,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of TMUS. Midwest Trust Co purchased a new position in shares of T-Mobile US during the 2nd quarter worth approximately $285,000. Allworth Financial LP lifted its stake in shares of T-Mobile US by 14.2% in the 2nd quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock valued at $1,556,000 after purchasing an additional 810 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of T-Mobile US by 76.7% during the second quarter. PNC Financial Services Group Inc. now owns 278,602 shares of the Wireless communications provider’s stock valued at $66,380,000 after purchasing an additional 120,960 shares in the last quarter. Bailard Inc. boosted its position in shares of T-Mobile US by 6.2% during the second quarter. Bailard Inc. now owns 2,406 shares of the Wireless communications provider’s stock valued at $573,000 after purchasing an additional 140 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey grew its stake in T-Mobile US by 0.6% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 68,969 shares of the Wireless communications provider’s stock worth $16,433,000 after purchasing an additional 407 shares during the period. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on TMUS. UBS Group reissued a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Barclays upped their target price on shares of T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research note on Friday, February 13th. Scotiabank lowered their price target on shares of T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating for the company in a research report on Thursday, February 12th. Finally, Weiss Ratings lowered shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $257.09.

Insider Activity at T-Mobile US

In related news, insider Mark Wolfe Nelson sold 2,329 shares of T-Mobile US stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total value of $517,923.02. Following the completion of the sale, the insider directly owned 65,677 shares in the company, valued at approximately $14,605,251.26. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter Osvaldik sold 27,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 51,573 shares of the company’s stock, valued at approximately $11,080,974.78. This trade represents a 34.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 694,134 shares of company stock valued at $150,847,799 over the last three months. 0.37% of the stock is owned by insiders.

T-Mobile US Stock Performance

TMUS stock opened at $214.37 on Friday. The stock’s 50 day simple moving average is $203.80 and its 200 day simple moving average is $215.00. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $272.60. The stock has a market capitalization of $236.21 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 1.38 and a beta of 0.43.

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.