Coppell Advisory Solutions LLC Increases Position in T-Mobile US, Inc. $TMUS

Key Points

• Coppell Advisory Solutions LLC significantly increased its stake in T-Mobile US, boosting its position by 1,429.9% to own 11,979 shares worth approximately $3.2 million.
• Overall, institutional investors now hold 42.49% of T-Mobile US's stock, with major contributions from firms like Crestwood Advisors Group and Canada Pension Plan Investment Board.
• T-Mobile US reported earnings of $2.84 per share, surpassing estimates, and its quarterly revenue rose 6.9% year over year to $21.13 billion.

Coppell Advisory Solutions LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1,429.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,979 shares of the Wireless communications provider's stock after purchasing an additional 11,196 shares during the quarter. Coppell Advisory Solutions LLC's holdings in T-Mobile US were worth $3,195,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC grew its stake in shares of T-Mobile US by 79.5% in the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock worth $436,000 after acquiring an additional 724 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock worth $1,837,399,000 after acquiring an additional 864,030 shares in the last quarter. Advisor Resource Council acquired a new position in shares of T-Mobile US in the first quarter worth $463,000. Main Street Research LLC grew its stake in shares of T-Mobile US by 1.0% in the first quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock worth $47,448,000 after acquiring an additional 1,788 shares in the last quarter. Finally, Sawgrass Asset Management LLC acquired a new position in shares of T-Mobile US in the first quarter worth $6,543,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at $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 is available at this link. Insiders have sold 2,488,250 shares of company stock worth $593,252,506 over the last three months. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

Shares of TMUS opened at $252.76 on Monday. T-Mobile US, Inc. has a fifty-two week low of $192.61 and a fifty-two week high of $276.49. The company has a market capitalization of $284.46 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61. The firm has a 50-day simple moving average of $243.02 and a 200-day simple moving average of $247.37. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced 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 net margin of 14.53% and a return on equity of 19.68%. The business had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the prior year, the firm earned $2.49 earnings per share. The business's quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Bank of America assumed coverage on shares of T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target for the company. Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Royal Bank Of Canada boosted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $258.02.

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

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