Coordinated Financial Services Inc. CO Buys Shares of 2,590 T-Mobile US, Inc. $TMUS

Key Points

• Coordinated Financial Services Inc. acquired a new stake in T-Mobile US, purchasing 2,590 shares valued at approximately $691,000 during the first quarter.
• Significant activity from institutional investors, including a 29,289.4% increase in GAMMA Investing's position, indicated robust interest in T-Mobile US with 42.49% of the stock owned by such investors.
• Wall Street analysts have mixed views on T-Mobile's stock, with ratings ranging from underweight to buy, and an average price target set at $258.02.

Coordinated Financial Services Inc. CO bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,590 shares of the Wireless communications provider's stock, valued at approximately $691,000.

A number of other institutional investors also recently made changes to their positions in TMUS. GAMMA Investing LLC raised its position in shares of T-Mobile US by 29,289.4% in the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock valued at $814,416,000 after purchasing an additional 3,043,173 shares in the last quarter. Nuveen LLC acquired a new position in shares of T-Mobile US in the 1st quarter valued at approximately $618,248,000. Canada Pension Plan Investment Board raised its position in shares of T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock valued at $1,837,399,000 after acquiring an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of T-Mobile US by 25.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock valued at $1,112,886,000 after acquiring an additional 844,932 shares in the last quarter. Finally, Amundi raised its position in shares of T-Mobile US by 34.4% during the 1st quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider's stock valued at $851,066,000 after acquiring an additional 813,331 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the transaction, the director owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold a total of 2,488,250 shares of company stock valued at $593,252,506 over the last ninety days. Corporate insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. KeyCorp reissued an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Bank of America assumed coverage on T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 price target on the stock. The Goldman Sachs Group assumed coverage on T-Mobile US in a research report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 price target on the stock. Morgan Stanley upped their price target on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $258.02.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $252.76 on Friday. T-Mobile US, Inc. has a 1-year low of $192.61 and a 1-year high of $276.49. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The business's fifty day moving average price is $243.02 and its two-hundred day moving average price is $247.50. The firm has a market capitalization of $284.46 billion, a PE ratio of 23.85, a P/E/G ratio of 1.38 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same period last year, the company earned $2.49 earnings per share. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. On average, research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

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

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