T-Mobile US, Inc. $TMUS Shares Sold by Fortis Capital Advisors LLC

Key Points

• Fortis Capital Advisors LLC reduced its stake in T-Mobile US by 69.0%, now holding only 3,151 shares after selling 7,025 shares during the first quarter, valued at approximately $840,000.
• Several other institutional investors increased their positions in T-Mobile US, with Goldman Sachs Group raising its holdings by 25.4% during the same period.
• T-Mobile US reported better-than-expected quarterly earnings, with earnings per share of $2.84, exceeding analysts' estimates of $2.69, and a total revenue of $21.13 billion for the quarter.

Fortis Capital Advisors LLC cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 69.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,151 shares of the Wireless communications provider's stock after selling 7,025 shares during the period. Fortis Capital Advisors LLC's holdings in T-Mobile US were worth $840,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TMUS. Activest Wealth Management increased its stake in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 94 shares in the last quarter. Godsey & Gibb Inc. increased its stake in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in T-Mobile US during the first quarter worth approximately $29,000. TCTC Holdings LLC boosted its position in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after acquiring an additional 77 shares during the last quarter. Finally, Adirondack Trust Co. boosted its position in T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 110 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Trading Up 0.1%

Shares of TMUS traded up $0.33 during mid-day trading on Friday, reaching $241.72. The company had a trading volume of 3,085,735 shares, compared to its average volume of 3,832,857. The stock has a market cap of $272.04 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 1.32 and a beta of 0.61. The firm has a fifty day simple moving average of $243.25 and a 200-day simple moving average of $246.64. T-Mobile US, Inc. has a fifty-two week low of $195.47 and a fifty-two week high of $276.49. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Royal Bank Of Canada raised 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 report on Friday, July 25th. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 target price on the stock. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Morgan Stanley raised their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised 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 report on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $258.02.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on 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 transaction, the director owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 2,627,930 shares of company stock worth $628,713,068. Insiders own 0.37% of the company's stock.

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.