LGT Fund Management Co Ltd. Reduces Stake in T-Mobile US, Inc. $TMUS

Key Points

• LGT Fund Management cut its T‑Mobile stake by 53.6% in Q3, selling 13,512 shares and leaving 11,713 shares valued at $2.732 million.
• Significant insider selling has occurred recently — Director G. Michael Sievert sold 80,000 shares for about $17.2 million — with insiders selling a total of 694,134 shares (~$150.85 million) in the last three months and now owning just 0.37% of the company.
• Wall Street consensus is a Moderate Buy on TMUS, with an average price target of $257.09 (1 Strong Buy, 17 Buy, 10 Hold).

LGT Fund Management Co Ltd. lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 53.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,713 shares of the Wireless communications provider's stock after selling 13,512 shares during the period. LGT Fund Management Co Ltd.'s holdings in T-Mobile US were worth $2,732,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Modera Wealth Management LLC increased its position in shares of T-Mobile US by 62.8% during the 2nd quarter. Modera Wealth Management LLC now owns 1,830 shares of the Wireless communications provider's stock valued at $436,000 after purchasing an additional 706 shares during the last quarter. Vestmark Advisory Solutions Inc. purchased a new position in shares of T-Mobile US in the second quarter worth approximately $1,437,000. Wedbush Securities Inc. boosted its holdings in shares of T-Mobile US by 14.7% in the second quarter. Wedbush Securities Inc. now owns 7,319 shares of the Wireless communications provider's stock worth $1,744,000 after buying an additional 940 shares during the last quarter. Penserra Capital Management LLC grew its position in T-Mobile US by 413.5% during the second quarter. Penserra Capital Management LLC now owns 33,688 shares of the Wireless communications provider's stock valued at $8,025,000 after buying an additional 27,127 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new stake in T-Mobile US during the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several recent research reports. Zacks Research upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating in a research report on Wednesday, November 26th. DZ Bank reissued a "buy" rating on shares of T-Mobile US in a research report on Friday, February 13th. Scotiabank reduced their price objective on T-Mobile US from $270.50 to $266.00 and set a "sector outperform" rating for the company in a research note on Thursday, February 12th. Weiss Ratings cut T-Mobile US from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, January 12th. Finally, Sanford C. Bernstein reiterated a "neutral" rating on shares of T-Mobile US in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $257.09.

T-Mobile US Stock Performance

TMUS opened at $221.57 on Monday. The company has a 50 day simple moving average of $202.78 and a two-hundred day simple moving average of $215.53. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90. The firm has a market cap of $244.14 billion, a P/E ratio of 22.82, a PEG ratio of 1.43 and a beta of 0.42. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $272.60.

Insider Buying and Selling

In other news, Director G Michael Sievert sold 80,000 shares of the company's stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $214.94, for a total value of $17,195,200.00. Following the completion of the transaction, the director owned 140,696 shares of the company's stock, valued at $30,241,198.24. This represents a 36.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Srikant M. Datar sold 3,291 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total value of $727,640.10. Following the sale, the director owned 1,038 shares of the company's stock, valued at $229,501.80. This represents a 76.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 694,134 shares of company stock worth $150,847,799 in the last three months. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

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