T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by EDENTREE ASSET MANAGEMENT Ltd

EDENTREE ASSET MANAGEMENT Ltd lessened its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 16.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,625 shares of the Wireless communications provider's stock after selling 1,283 shares during the quarter. EDENTREE ASSET MANAGEMENT Ltd's holdings in T-Mobile US were worth $1,462,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TMUS. Novem Group acquired a new position in shares of T-Mobile US during the fourth quarter valued at about $263,000. 10Elms LLP bought a new stake in T-Mobile US in the fourth quarter valued at about $42,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in T-Mobile US by 5.5% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 237,341 shares of the Wireless communications provider's stock valued at $52,388,000 after acquiring an additional 12,306 shares during the period. Focus Partners Advisor Solutions LLC grew its stake in T-Mobile US by 35.2% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 2,903 shares of the Wireless communications provider's stock worth $641,000 after buying an additional 756 shares during the last quarter. Finally, Continuum Advisory LLC grew its stake in shares of T-Mobile US by 0.7% during the fourth quarter. Continuum Advisory LLC now owns 6,069 shares of the Wireless communications provider's stock valued at $1,340,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Up 0.9%

Shares of TMUS stock traded up $2.14 during trading hours on Tuesday, reaching $245.02. 1,214,198 shares of the company's stock were exchanged, compared to its average volume of 4,236,781. T-Mobile US, Inc. has a 1 year low of $165.37 and a 1 year high of $276.49. The stock has a market cap of $278.21 billion, a PE ratio of 25.32, a PEG ratio of 1.55 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock's fifty day moving average price is $251.99 and its two-hundred day moving average price is $243.82.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. T-Mobile US's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.00 earnings per share. Research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TMUS shares. HSBC cut shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a research note on Wednesday, March 5th. Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday. UBS Group downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Benchmark reiterated a "buy" rating and issued a $275.00 price objective on shares of T-Mobile US in a research note on Thursday, March 27th. 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. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average price target of $257.68.

Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 3,291 shares of the company's stock, valued at $865,533. This represents a 18.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.67% of the company's stock.

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.