Legacy Advisory Services LLC Acquires Shares of 2,406 T-Mobile US, Inc. $TMUS

Key Points

• Legacy Advisory Services LLC has acquired a new stake in T-Mobile US, purchasing 2,406 shares valued at approximately $642,000, representing 0.5% of their holdings.
• T-Mobile US reported $2.84 earnings per share for the last quarter, surpassing analysts' expectations, with quarterly revenue of $21.13 billion, reflecting a year-over-year increase of 6.9%.
• Institutional investors collectively own 42.49% of T-Mobile US shares, with several hedge funds making significant adjustments to their holdings recently.

Legacy Advisory Services LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,406 shares of the Wireless communications provider's stock, valued at approximately $642,000. T-Mobile US comprises about 0.5% of Legacy Advisory Services LLC's investment portfolio, making the stock its 18th largest holding.

A number of other institutional investors also recently bought and sold shares of the business. Activest Wealth Management boosted its holdings in shares of T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after acquiring an additional 94 shares during the last quarter. Godsey & Gibb Inc. lifted its position in T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 60 shares during the period. Stone House Investment Management LLC purchased a new stake in T-Mobile US in the first quarter valued at $29,000. TCTC Holdings LLC grew its position in T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after purchasing an additional 77 shares during the period. Finally, City Holding Co. raised its stake in shares of T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 43 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US 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 sale, the director owned 635,014,604 shares in the company, valued at $152,454,306,128.32. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO G Michael Sievert sold 22,500 shares of T-Mobile US stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $255.58, for a total transaction of $5,750,550.00. Following the completion of the sale, the chief executive officer owned 358,722 shares in the company, valued at approximately $91,682,168.76. This trade represents a 5.90% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,627,930 shares of company stock worth $628,713,068. Company insiders own 0.37% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Bank of America assumed coverage on T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective for the company. The Goldman Sachs Group assumed coverage on T-Mobile US in a report on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 price objective for the company. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a report on Monday, July 7th. Finally, Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $258.02.

T-Mobile US Stock Performance

NASDAQ TMUS traded up $0.33 during mid-day trading on Friday, reaching $241.72. 3,085,735 shares of the stock were exchanged, compared to its average volume of 4,302,893. The business's 50 day moving average is $243.22 and its 200-day moving average is $246.95. T-Mobile US, Inc. has a 1 year low of $195.47 and a 1 year high of $276.49. The company has a market capitalization of $272.04 billion, a P/E ratio of 22.80, a P/E/G ratio of 1.32 and a beta of 0.61. 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 quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) 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 firm had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the prior year, the firm posted $2.49 earnings per share. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

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.