Cary Street Partners Financial LLC Buys Shares of 1,554 T-Mobile US, Inc. (NASDAQ:TMUS)

Cary Street Partners Financial LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,554 shares of the Wireless communications provider's stock, valued at approximately $343,000.

Other hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. lifted its position in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after acquiring an additional 62 shares during the period. CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US during the 4th quarter valued at approximately $28,000. Financial Life Planners acquired a new stake in shares of T-Mobile US during the 4th quarter valued at approximately $29,000. Bruce G. Allen Investments LLC increased its stake in shares of T-Mobile US by 79.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock worth $36,000 after purchasing an additional 73 shares in the last quarter. Finally, Albion Financial Group UT purchased a new position in shares of T-Mobile US during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on TMUS shares. UBS Group cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. boosted their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Barclays boosted their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. HSBC lowered shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a report on Wednesday, March 5th. Finally, Citigroup lowered shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price on the stock. in a report on Friday, March 14th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus target price of $257.68.

Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now owns 3,291 shares of the company's stock, valued at approximately $865,533. This represents a 18.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.67% of the company's stock.

T-Mobile US Price Performance

NASDAQ TMUS traded down $2.98 during trading on Tuesday, reaching $237.34. 4,712,206 shares of the company traded hands, compared to its average volume of 4,227,206. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The stock's 50 day moving average price is $255.88 and its two-hundred day moving average price is $242.88. The company has a market cap of $269.49 billion, a price-to-earnings ratio of 24.54, a P/E/G ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a 1-year low of $161.72 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The business had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same period in the previous year, the business earned $2.00 EPS. T-Mobile US's revenue was up 6.6% compared to the same quarter last year. As a group, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Company 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; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.