T-Mobile US, Inc. $TMUS Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,637,001 shares of the Wireless communications provider’s stock after acquiring an additional 121,395 shares during the period. Alliancebernstein L.P. owned about 0.24% of T-Mobile US worth $631,245,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Howard Hughes Medical Institute purchased a new stake in T-Mobile US in the second quarter valued at approximately $25,000. United Community Bank boosted its position in shares of T-Mobile US by 131.1% during the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 59 shares during the period. Elevation Wealth Partners LLC boosted its holdings in T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 76 shares during the period. CoreFirst Bank & Trust acquired a new position in shares of T-Mobile US in the second quarter valued at approximately $31,000. Finally, Kilter Group LLC acquired a new position in shares of T-Mobile US in the second quarter worth $34,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insiders Place Their Bets

In related news, Director Raul Marcelo Claure sold 550,000 shares of T-Mobile US stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the completion of the sale, the director owned 891,204 shares in the company, valued at approximately $193,899,254.28. This trade represents a 38.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director G Michael Sievert sold 1,089 shares of T-Mobile US stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $221.85, for a total transaction of $241,594.65. Following the sale, the director owned 125,696 shares of the company’s stock, valued at approximately $27,885,657.60. This trade represents a 0.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 694,134 shares of company stock valued at $150,847,799. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Stock Up 1.4%

T-Mobile US stock opened at $217.39 on Friday. The firm has a market capitalization of $239.53 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth 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 stock’s fifty day moving average is $204.16 and its two-hundred day moving average is $214.50. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00.

Analyst Ratings Changes

A number of research firms recently weighed in on TMUS. KeyCorp upgraded shares of T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. UBS Group reiterated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Oppenheimer downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, November 21st. Barclays increased their price objective on T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Finally, BNP Paribas Exane lowered 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. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $257.09.

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.