Captrust Financial Advisors Purchases 16,825 Shares of T-Mobile US, Inc. $TMUS

Captrust Financial Advisors raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 181,358 shares of the Wireless communications provider’s stock after buying an additional 16,825 shares during the period. Captrust Financial Advisors’ holdings in T-Mobile US were worth $43,413,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Coldstream Capital Management Inc. raised its position in T-Mobile US by 7.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 15,536 shares of the Wireless communications provider’s stock valued at $3,719,000 after purchasing an additional 1,106 shares during the last quarter. Aspire Private Capital LLC grew its holdings in shares of T-Mobile US by 2.5% during the third quarter. Aspire Private Capital LLC now owns 5,255 shares of the Wireless communications provider’s stock worth $1,258,000 after purchasing an additional 126 shares during the last quarter. Danske Bank A S bought a new stake in shares of T-Mobile US during the third quarter worth $77,201,000. Mizuho Markets Cayman LP acquired a new stake in shares of T-Mobile US in the third quarter valued at $6,248,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of T-Mobile US by 51,400.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,030 shares of the Wireless communications provider’s stock valued at $247,000 after buying an additional 1,028 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 3.2%

TMUS opened at $206.62 on Thursday. The firm’s fifty day moving average is $204.92 and its two-hundred day moving average is $213.67. The firm has a market cap of $227.67 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 1.39 and a beta of 0.43. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $272.60. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00.

Insiders Place Their Bets

In related news, Director Raul Marcelo Claure sold 550,000 shares of the firm’s stock in a transaction on 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 sale, the director owned 891,204 shares of the company’s stock, valued at approximately $193,899,254.28. This trade represents a 38.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction, the insider owned 65,677 shares in the company, valued at approximately $14,605,251.26. This represents a 3.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 694,134 shares of company stock worth $150,847,799 over the last 90 days. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wolfe Research reiterated an “outperform” rating and set a $255.00 price target on shares of T-Mobile US in a research report on Thursday, February 12th. BNP Paribas Exane lowered their price objective on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. Morgan Stanley dropped their target price on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. 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. Finally, 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 report on Thursday, February 12th. 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 data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $257.30.

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.