Teachers Retirement System of The State of Kentucky Makes New Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Teachers Retirement System of The State of Kentucky bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 56,993 shares of the Wireless communications provider’s stock, valued at approximately $7,646,000.

A number of other institutional investors also recently modified their holdings of TMUS. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of T-Mobile US by 21.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,011,991 shares of the Wireless communications provider’s stock valued at $129,888,000 after acquiring an additional 180,468 shares during the period. Sei Investments Co. boosted its position in shares of T-Mobile US by 50.6% in the first quarter. Sei Investments Co. now owns 230,598 shares of the Wireless communications provider’s stock valued at $29,603,000 after acquiring an additional 77,518 shares during the period. Prudential PLC bought a new stake in shares of T-Mobile US in the first quarter valued at about $1,649,000. Cetera Investment Advisers boosted its position in shares of T-Mobile US by 12.2% in the first quarter. Cetera Investment Advisers now owns 23,619 shares of the Wireless communications provider’s stock valued at $3,031,000 after acquiring an additional 2,574 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in shares of T-Mobile US by 105.7% in the first quarter. Sequoia Financial Advisors LLC now owns 3,796 shares of the Wireless communications provider’s stock valued at $487,000 after acquiring an additional 1,951 shares during the period. Institutional investors own 42.86% of the company’s stock.

Insider Activity

In related news, insider Callie R. Field sold 5,381 shares of the company’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $145.59, for a total value of $783,419.79. Following the sale, the insider now directly owns 112,761 shares in the company, valued at $16,416,873.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Callie R. Field sold 2,287 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $141.95, for a total value of $324,639.65. Following the sale, the insider now directly owns 93,916 shares in the company, valued at $13,331,376.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Callie R. Field sold 5,381 shares of the company’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $145.59, for a total value of $783,419.79. Following the completion of the sale, the insider now owns 112,761 shares in the company, valued at $16,416,873.99. The disclosure for this sale can be found here. Insiders sold 94,380 shares of company stock valued at $13,475,440 over the last quarter. 0.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TMUS. JPMorgan Chase & Co. set a $200.00 price target on T-Mobile US in a research note on Friday, February 17th. Moffett Nathanson reaffirmed a “market perform” rating and issued a $174.00 price target on shares of T-Mobile US in a research note on Monday, February 6th. Citigroup boosted their price target on T-Mobile US from $174.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Cowen dropped their price target on T-Mobile US from $201.00 to $199.00 and set an “outperform” rating for the company in a research note on Thursday, February 2nd. Finally, UBS Group set a $180.00 price target on T-Mobile US in a research note on Thursday, February 2nd. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.17.

T-Mobile US Stock Performance

T-Mobile US stock opened at $142.45 on Friday. The business has a 50 day moving average of $145.41 and a 200-day moving average of $143.61. T-Mobile US, Inc. has a 1 year low of $120.90 and a 1 year high of $154.38. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.77 and a quick ratio of 0.69. The company has a market capitalization of $173.70 billion, a P/E ratio of 69.15, a P/E/G ratio of 0.68 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS – Get Rating) last released its quarterly earnings data on Wednesday, February 1st. The Wireless communications provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.08. T-Mobile US had a return on equity of 6.43% and a net margin of 3.26%. The company had revenue of $20.27 billion during the quarter, compared to the consensus estimate of $20.66 billion. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The firm’s revenue was down 2.5% compared to the same quarter last year. On average, equities research analysts predict that T-Mobile US, Inc. will post 6.66 earnings per share for the current year.

T-Mobile US Profile

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T-Mobile US, Inc engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.