Intech Investment Management LLC Has $9.83 Million Stock Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Intech Investment Management LLC reduced its stake in T-Mobile US by 40.8%, holding 36,845 shares valued at approximately $9.83 million after selling 25,434 shares in the first quarter.
• Several institutional investors are active with T-Mobile US, including Focus Partners Wealth, which increased its holdings by 12.7%, and Glenview Trust co, which raised its stake by 8.8%.
• Despite recent insider sales, T-Mobile US received mixed ratings from analysts, with Bank of America initiating coverage with a "neutral" rating and a price target of $255, while JPMorgan Chase upgraded its price objective from $270 to $280.

Intech Investment Management LLC lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 40.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,845 shares of the Wireless communications provider's stock after selling 25,434 shares during the quarter. Intech Investment Management LLC's holdings in T-Mobile US were worth $9,827,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TMUS. Focus Partners Wealth grew its holdings in shares of T-Mobile US by 12.7% in the 1st quarter. Focus Partners Wealth now owns 13,284 shares of the Wireless communications provider's stock valued at $3,543,000 after buying an additional 1,499 shares during the period. Integrity Alliance LLC. bought a new position in T-Mobile US during the first quarter worth about $948,000. Glenview Trust co lifted its holdings in T-Mobile US by 8.8% during the first quarter. Glenview Trust co now owns 69,681 shares of the Wireless communications provider's stock worth $18,585,000 after acquiring an additional 5,639 shares in the last quarter. Alaethes Wealth LLC grew its stake in T-Mobile US by 1.6% in the first quarter. Alaethes Wealth LLC now owns 10,775 shares of the Wireless communications provider's stock valued at $2,874,000 after acquiring an additional 171 shares during the period. Finally, SCS Capital Management LLC bought a new stake in shares of T-Mobile US in the first quarter worth about $248,000. Institutional investors own 42.49% of the company's stock.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $240.08, for a total value of $16,767,187.20. Following the sale, the director owned 635,014,604 shares in the company, valued at $152,454,306,128.32. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO G Michael Sievert sold 22,500 shares of T-Mobile US stock in a transaction that occurred on 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 transaction, the chief executive officer owned 358,722 shares of the company's stock, valued at $91,682,168.76. This represents a 5.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,627,930 shares of company stock worth $628,713,068. 0.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TMUS has been the topic of several recent analyst reports. Bank of America began coverage on T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective on the stock. Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target for the company in a report on Monday, July 7th. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of 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 research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average price target of $258.02.

T-Mobile US Trading Down 1.0%

Shares of T-Mobile US stock opened at $240.38 on Thursday. The stock has a market cap of $270.53 billion, a P/E ratio of 22.68, a P/E/G ratio of 1.33 and a beta of 0.61. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 12-month low of $194.41 and a 12-month high of $276.49. The business's 50 day moving average is $243.20 and its 200-day moving average is $247.14.

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 analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the previous 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. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Company 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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