Great Lakes Advisors LLC Sells 14,862 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Great Lakes Advisors LLC reduced its stake in T-Mobile US by 17.2%, selling 14,862 shares and now holding 71,753 shares valued at approximately $19.1 million.
• Several institutional investors, including Goldman Sachs Group Inc. and the Canada Pension Plan Investment Board, have increased their positions in T-Mobile US, highlighting ongoing institutional interest in the company.
• T-Mobile US reported earnings of $2.84 per share for the last quarter, exceeding analyst expectations, and experienced a revenue increase of 6.9% year-over-year, reaching $21.13 billion.

Great Lakes Advisors LLC cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 17.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 71,753 shares of the Wireless communications provider's stock after selling 14,862 shares during the quarter. Great Lakes Advisors LLC's holdings in T-Mobile US were worth $19,137,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TMUS. GAMMA Investing LLC grew its position in shares of T-Mobile US by 29,289.4% in the first 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 purchased a new position in T-Mobile US during the first quarter worth about $618,248,000. Canada Pension Plan Investment Board grew its position in T-Mobile US by 14.3% during 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 buying an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. grew its position in T-Mobile US by 25.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock worth $1,112,886,000 after buying an additional 844,932 shares in the last quarter. Finally, Amundi grew its position in T-Mobile US by 34.4% during the first quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider's stock worth $851,066,000 after buying an additional 813,331 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their target price on 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. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price for the company in a research report on Monday, July 7th. Morgan Stanley boosted their target price on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Three 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.02.

T-Mobile US Price Performance

Shares of TMUS traded up $0.33 during midday trading on Friday, reaching $241.72. The stock had a trading volume of 3,085,735 shares, compared to its average volume of 3,790,168. The company's 50-day moving average is $243.25 and its 200 day moving average is $246.51. T-Mobile US, Inc. has a 12-month low of $195.47 and a 12-month 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. The company has a market capitalization of $272.04 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 1.33 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its 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. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the previous year, the company posted $2.49 EPS. T-Mobile US's revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Insider Transactions at T-Mobile US

In other news, CEO G Michael Sievert sold 22,500 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $255.58, for a total value of $5,750,550.00. Following the completion of the sale, the chief executive officer owned 358,722 shares of the company's stock, valued at approximately $91,682,168.76. The trade was a 5.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $240.08, for a total value of $16,767,187.20. Following the completion of the sale, the director directly owned 635,014,604 shares of the company's stock, valued at approximately $152,454,306,128.32. This trade represents a 0.01% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,627,930 shares of company stock valued at $628,713,068. 0.37% of the stock is currently owned by corporate insiders.

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.