Cyrus J. Lawrence LLC Boosts Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Cyrus J. Lawrence LLC raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 41.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 65,864 shares of the Wireless communications provider’s stock after purchasing an additional 19,303 shares during the quarter. T-Mobile US accounts for about 2.8% of Cyrus J. Lawrence LLC’s investment portfolio, making the stock its 7th biggest position. Cyrus J. Lawrence LLC’s holdings in T-Mobile US were worth $9,539,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its stake in T-Mobile US by 8.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,182,295 shares of the Wireless communications provider’s stock valued at $3,105,521,000 after acquiring an additional 1,800,938 shares during the period. Norges Bank bought a new stake in T-Mobile US in the fourth quarter valued at about $2,801,442,000. Geode Capital Management LLC increased its stake in T-Mobile US by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 12,106,454 shares of the Wireless communications provider’s stock valued at $1,691,765,000 after acquiring an additional 122,503 shares during the period. Morgan Stanley increased its stake in T-Mobile US by 18.8% in the fourth quarter. Morgan Stanley now owns 10,984,556 shares of the Wireless communications provider’s stock valued at $1,537,838,000 after acquiring an additional 1,742,108 shares during the period. Finally, Jennison Associates LLC increased its stake in T-Mobile US by 23.0% in the first quarter. Jennison Associates LLC now owns 8,218,565 shares of the Wireless communications provider’s stock valued at $1,190,377,000 after acquiring an additional 1,537,169 shares during the period. Institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on TMUS shares. StockNews.com started coverage on shares of T-Mobile US in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Morgan Stanley upped their price objective on shares of T-Mobile US from $178.00 to $179.00 and gave the stock an “overweight” rating in a research note on Thursday, August 3rd. Wolfe Research raised shares of T-Mobile US from a “peer perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research note on Thursday, June 8th. Royal Bank of Canada decreased their price objective on shares of T-Mobile US from $172.00 to $163.00 and set an “outperform” rating on the stock in a research note on Friday, August 4th. Finally, HSBC decreased their price objective on shares of T-Mobile US from $185.00 to $165.00 in a research note on Monday, June 5th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $182.55.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 192,600 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $130.01, for a total value of $25,039,926.00. Following the completion of the sale, the director now owns 1,844,088 shares of the company’s stock, valued at $239,749,880.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $138.34, for a total value of $2,766,800.00. Following the completion of the transaction, the chief executive officer now owns 646,339 shares of the company’s stock, valued at $89,414,537.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Raul Marcelo Claure sold 192,600 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $130.01, for a total transaction of $25,039,926.00. Following the completion of the transaction, the director now directly owns 1,844,088 shares of the company’s stock, valued at approximately $239,749,880.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 227,600 shares of company stock valued at $29,906,726. Corporate insiders own 0.70% of the company’s stock.

T-Mobile US Trading Up 0.8 %

NASDAQ TMUS traded up $1.08 during trading hours on Friday, hitting $137.33. The company’s stock had a trading volume of 3,039,772 shares, compared to its average volume of 5,525,597. The stock has a fifty day moving average of $137.85 and a 200 day moving average of $140.38. T-Mobile US, Inc. has a twelve month low of $124.92 and a twelve month high of $154.38. The firm has a market capitalization of $161.56 billion, a P/E ratio of 27.36 and a beta of 0.55. The company has a quick ratio of 0.77, a current ratio of 0.82 and a debt-to-equity ratio of 1.14.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, July 27th. The Wireless communications provider reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.15. T-Mobile US had a net margin of 7.82% and a return on equity of 9.02%. The business had revenue of $19.20 billion for the quarter, compared to analyst estimates of $19.36 billion. During the same period in the prior year, the business posted $1.43 earnings per share. T-Mobile US’s revenue was down 2.6% compared to the same quarter last year. Equities research analysts forecast that T-Mobile US, Inc. will post 7.31 earnings per share for the current fiscal year.

About T-Mobile US

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 customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; leasing through JUMP! On Demand; and High Speed Internet services.