Connor Clark & Lunn Investment Management Ltd. Grows Stock Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Connor Clark & Lunn raised its stake in T‑Mobile by 26.2% to 265,274 shares, valued at about $63.5 million at quarter-end.
• Insider selling was significant: director G. Michael Sievert sold 80,000 shares (avg. $214.94) and insiders disposed of 694,134 shares worth roughly $150.85 million in the last quarter.
• Analysts are mixed but overall positive: T‑Mobile has a consensus rating of "Moderate Buy" with a consensus price target of $257.09, despite several recent downgrades and target adjustments.

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 26.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 265,274 shares of the Wireless communications provider's stock after purchasing an additional 55,154 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in T-Mobile US were worth $63,501,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TMUS. Howard Hughes Medical Institute purchased a new stake in T-Mobile US during the 2nd quarter worth about $25,000. United Community Bank boosted its position in shares of T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider's stock worth $25,000 after acquiring an additional 59 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in shares of T-Mobile US by 190.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider's stock valued at $28,000 after acquiring an additional 76 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in shares of T-Mobile US in the 2nd quarter valued at about $31,000. Finally, Kilter Group LLC acquired a new stake in shares of T-Mobile US during the 2nd quarter worth about $34,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Buying and Selling at T-Mobile US

In related news, Director G Michael Sievert sold 80,000 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the completion of the sale, the director owned 140,696 shares in the company, valued at $30,241,198.24. This represents a 36.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Wolfe Nelson sold 10,240 shares of the firm's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $220.80, for a total transaction of $2,260,992.00. Following the transaction, the insider directly owned 74,280 shares in the company, valued at $16,401,024. The trade was a 12.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 694,134 shares of company stock valued at $150,847,799. 0.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TMUS shares. Scotiabank lowered their price target on T-Mobile US from $270.50 to $266.00 and set a "sector outperform" rating for the company in a report on Thursday, February 12th. JPMorgan Chase & Co. reissued a "buy" rating on shares of T-Mobile US in a report on Thursday, February 12th. Weiss Ratings downgraded shares of T-Mobile US from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, January 12th. Wolfe Research restated an "outperform" rating and issued a $255.00 target price on shares of T-Mobile US in a report on Thursday, February 12th. Finally, Oppenheimer lowered shares of T-Mobile US from an "outperform" rating to a "market perform" rating in a research note on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus price target of $257.09.

T-Mobile US Trading Down 2.4%

TMUS opened at $213.44 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $272.60. The business's 50 day moving average is $203.58 and its two-hundred day moving average is $215.00. The firm has a market cap of $235.18 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 1.42 and a beta of 0.43.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

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