Avantax Advisory Services Inc. Has $712,000 Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Avantax Advisory Services Inc. decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) by 24.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,307 shares of the Wireless communications provider’s stock after selling 1,736 shares during the period. Avantax Advisory Services Inc.’s holdings in T-Mobile US were worth $712,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TMUS. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in T-Mobile US by 3,974.1% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,001,063 shares of the Wireless communications provider’s stock worth $672,843,000 after buying an additional 4,878,309 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in T-Mobile US by 15.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 19,846,703 shares of the Wireless communications provider’s stock worth $2,670,175,000 after buying an additional 2,690,231 shares during the last quarter. Jennison Associates LLC acquired a new position in T-Mobile US during the third quarter worth $222,379,000. Artemis Investment Management LLP raised its holdings in T-Mobile US by 969.1% during the third quarter. Artemis Investment Management LLP now owns 1,011,790 shares of the Wireless communications provider’s stock worth $135,788,000 after buying an additional 917,150 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in T-Mobile US by 492.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,013,772 shares of the Wireless communications provider’s stock worth $130,118,000 after buying an additional 842,572 shares during the last quarter. Institutional investors and hedge funds own 42.86% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Neville R. Ray sold 50,000 shares of the company’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $150.47, for a total transaction of $7,523,500.00. Following the sale, the insider now directly owns 313,902 shares of the company’s stock, valued at $47,232,833.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Srikant M. Datar sold 750 shares of the stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $147.50, for a total value of $110,625.00. Following the sale, the director now directly owns 3,230 shares of the company’s stock, valued at $476,425. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Neville R. Ray sold 50,000 shares of the stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $150.47, for a total transaction of $7,523,500.00. Following the completion of the sale, the insider now directly owns 313,902 shares in the company, valued at $47,232,833.94. The disclosure for this sale can be found here. Insiders have sold a total of 73,450 shares of company stock valued at $11,045,767 over the last three months. 0.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Cowen upped their price objective on shares of T-Mobile US from $187.00 to $201.00 in a report on Friday, October 28th. TheStreet upgraded shares of T-Mobile US from a “c+” rating to a “b-” rating in a research note on Friday, October 28th. Benchmark reduced their target price on shares of T-Mobile US to $197.00 in a research note on Thursday, October 20th. Cowen upped their target price on shares of T-Mobile US from $187.00 to $201.00 in a research note on Friday, October 28th. Finally, Credit Suisse Group set a $175.00 target price on shares of T-Mobile US in a research note on Friday, December 9th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $178.83.

T-Mobile US Price Performance

NASDAQ TMUS opened at $145.12 on Monday. The company has a market cap of $180.55 billion, a PE ratio of 118.95, a price-to-earnings-growth ratio of 0.82 and a beta of 0.55. T-Mobile US, Inc. has a 52 week low of $101.51 and a 52 week high of $154.38. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.02. The firm’s 50-day simple moving average is $145.50 and its two-hundred day simple moving average is $142.62.

T-Mobile US (NASDAQ:TMUS – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The Wireless communications provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.13). The business had revenue of $19.48 billion for the quarter, compared to analysts’ expectations of $19.98 billion. T-Mobile US had a net margin of 1.92% and a return on equity of 6.29%. T-Mobile US’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. Research analysts predict that T-Mobile US, Inc. will post 2.02 earnings per share for the current year.

About T-Mobile US

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T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.