Beck Capital Management LLC Cuts Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Beck Capital Management LLC reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 17.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 6,908 shares of the Wireless communications provider’s stock after selling 1,501 shares during the quarter. Beck Capital Management LLC’s holdings in T-Mobile US were worth $1,001,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Norges Bank bought a new position in shares of T-Mobile US during the 4th quarter worth approximately $2,801,442,000. Jennison Associates LLC lifted its holdings in T-Mobile US by 303.1% during the fourth quarter. Jennison Associates LLC now owns 6,681,396 shares of the Wireless communications provider’s stock worth $935,395,000 after acquiring an additional 5,023,953 shares during the period. CIBC Private Wealth Group LLC boosted its position in T-Mobile US by 106.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 5,809,648 shares of the Wireless communications provider’s stock worth $809,197,000 after purchasing an additional 2,988,931 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in T-Mobile US by 546.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,217,893 shares of the Wireless communications provider’s stock valued at $48,258,000 after purchasing an additional 1,874,548 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of T-Mobile US by 8.8% during the 4th 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 purchasing an additional 1,800,938 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TMUS has been the subject of several research reports. Wolfe Research upgraded shares of T-Mobile US from a “peer perform” rating to an “outperform” rating and set a $160.00 price target for the company in a research report on Thursday, June 8th. Royal Bank of Canada reduced their target price on shares of T-Mobile US from $172.00 to $163.00 and set an “outperform” rating for the company in a research report on Friday, August 4th. TD Cowen lifted their price target on shares of T-Mobile US from $197.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Barclays raised T-Mobile US from an “equal weight” rating to an “overweight” rating in a report on Tuesday, August 8th. Finally, Raymond James lowered their target price on T-Mobile US from $184.00 to $172.00 and set a “strong-buy” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $181.95.

T-Mobile US Price Performance

TMUS stock traded up $0.35 during mid-day trading on Friday, reaching $137.63. 4,273,735 shares of the company traded hands, compared to its average volume of 4,237,683. The company has a fifty day moving average price of $137.86 and a 200-day moving average price of $139.98. T-Mobile US, Inc. has a 52-week low of $124.92 and a 52-week high of $154.38. The company has a market capitalization of $161.92 billion, a P/E ratio of 27.42 and a beta of 0.55. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.82 and a quick ratio of 0.77.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, July 27th. The Wireless communications provider reported $1.86 EPS for the quarter, beating the consensus estimate of $1.71 by $0.15. The company had revenue of $19.20 billion during the quarter, compared to analysts’ expectations of $19.36 billion. T-Mobile US had a net margin of 7.82% and a return on equity of 9.02%. T-Mobile US’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.43 earnings per share. As a group, analysts anticipate that T-Mobile US, Inc. will post 7.31 earnings per share for the current year.

Insider Activity

In other news, CEO G Michael Sievert sold 20,000 shares of the company’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 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 is available at the SEC website. In other T-Mobile US news, insider Jon Freier sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $140.00, for a total value of $2,100,000.00. Following the completion of the transaction, the insider now owns 190,901 shares of the company’s stock, valued at approximately $26,726,140. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $2,766,800.00. Following the sale, the chief executive officer now owns 646,339 shares in the company, valued at approximately $89,414,537.26. The disclosure for this sale can be found here. Insiders sold 227,600 shares of company stock worth $29,906,726 in the last three months. Corporate insiders own 0.70% of the company’s stock.

T-Mobile US Profile

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.