Public Employees Retirement System of Ohio Reduces Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Public Employees Retirement System of Ohio reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 209,385 shares of the Wireless communications provider's stock after selling 6,435 shares during the quarter. Public Employees Retirement System of Ohio's holdings in T-Mobile US were worth $46,218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in TMUS. Barclays PLC grew its stake in shares of T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after buying an additional 876,182 shares in the last quarter. Tallon Kerry Patrick bought a new position in shares of T-Mobile US in the 4th quarter valued at $2,138,000. Daymark Wealth Partners LLC acquired a new position in T-Mobile US in the 4th quarter worth about $210,000. SG Americas Securities LLC boosted its holdings in T-Mobile US by 117.5% in the fourth quarter. SG Americas Securities LLC now owns 80,753 shares of the Wireless communications provider's stock valued at $17,825,000 after acquiring an additional 43,627 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of T-Mobile US by 4.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 197,086 shares of the Wireless communications provider's stock valued at $43,503,000 after purchasing an additional 8,689 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TMUS has been the topic of several research reports. Hsbc Global Res lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. UBS Group cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Oppenheimer raised their price target on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Tigress Financial lifted their target price on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Finally, Bank of America upped their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $257.68.

Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now directly owns 3,291 shares of the company's stock, valued at $865,533. This represents a 18.15% 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. Insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

TMUS stock traded down $3.28 during trading on Thursday, hitting $238.24. 1,029,223 shares of the stock traded hands, compared to its average volume of 4,221,046. T-Mobile US, Inc. has a one year low of $167.13 and a one year high of $276.49. The company has a 50 day simple moving average of $251.43 and a 200 day simple moving average of $243.80. The stock has a market cap of $270.50 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 1.55 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same period in the previous year, the business earned $2.00 EPS. The company's revenue was up 6.6% compared to the same quarter last year. Equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS 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.