Financial Management Professionals Inc. Reduces Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Financial Management Professionals Inc. trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 63.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 303 shares of the Wireless communications provider’s stock after selling 537 shares during the quarter. Financial Management Professionals Inc.’s holdings in T-Mobile US were worth $42,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Telemus Capital LLC boosted its stake in T-Mobile US by 166.0% during the second quarter. Telemus Capital LLC now owns 3,918 shares of the Wireless communications provider’s stock worth $544,000 after buying an additional 2,445 shares during the period. AE Wealth Management LLC boosted its stake in shares of T-Mobile US by 56.8% during the second quarter. AE Wealth Management LLC now owns 51,915 shares of the Wireless communications provider’s stock valued at $7,211,000 after purchasing an additional 18,809 shares during the period. CGN Advisors LLC purchased a new stake in shares of T-Mobile US during the second quarter valued at $1,587,000. DNB Asset Management AS boosted its stake in shares of T-Mobile US by 18.1% during the second quarter. DNB Asset Management AS now owns 641,810 shares of the Wireless communications provider’s stock valued at $89,147,000 after purchasing an additional 98,576 shares during the period. Finally, Moody National Bank Trust Division boosted its stake in shares of T-Mobile US by 4.4% during the second quarter. Moody National Bank Trust Division now owns 15,409 shares of the Wireless communications provider’s stock valued at $2,140,000 after purchasing an additional 646 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Jon Freier sold 15,000 shares of the firm’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 transaction of $2,100,000.00. Following the sale, the insider now owns 190,901 shares of the company’s stock, valued at approximately $26,726,140. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jon Freier sold 15,000 shares of the firm’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 transaction of $2,100,000.00. Following the sale, the insider now owns 190,901 shares of the company’s stock, valued at approximately $26,726,140. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Dara Bazzano sold 3,953 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $141.36, for a total transaction of $558,796.08. Following the sale, the chief accounting officer now directly owns 10,877 shares in the company, valued at approximately $1,537,572.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,453 shares of company stock worth $5,915,631. 0.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on TMUS. Wolfe Research upgraded T-Mobile US from a “peer perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a report on Thursday, June 8th. StockNews.com began coverage on T-Mobile US in a report on Thursday, August 17th. They issued a “hold” rating for the company. HSBC decreased their price objective on T-Mobile US from $185.00 to $165.00 in a report on Monday, June 5th. Barclays upgraded shares of T-Mobile US from an “equal weight” rating to an “overweight” rating in a report on Tuesday, August 8th. Finally, Raymond James reduced their target price on shares of T-Mobile US from $184.00 to $172.00 and set a “strong-buy” rating for the company in a report on Friday, September 8th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $181.95.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $141.93 on Friday. T-Mobile US, Inc. has a twelve month low of $124.92 and a twelve month high of $154.38. The company’s 50 day moving average is $138.07 and its 200 day moving average is $139.87. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.14. The company has a market cap of $166.97 billion, a PE ratio of 28.27 and a beta of 0.55.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, July 27th. The Wireless communications provider reported $1.86 earnings per share for the quarter, topping 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 company had revenue of $19.20 billion for the quarter, compared to the consensus estimate of $19.36 billion. During the same quarter in the prior year, the company earned $1.43 EPS. T-Mobile US’s quarterly revenue was down 2.6% on a year-over-year basis. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 7.31 EPS for the current 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.