Strs Ohio Buys New Stake in T-Mobile US, Inc. $TMUS

Key Points

• Strs Ohio has acquired a new stake in T-Mobile US, purchasing 225,243 shares valued at approximately $60 million during the first quarter.
• Insider transactions showed CEO G. Michael Sievert sold 22,500 shares for over $5.75 million, representing a notable decrease in ownership.
• As of now, T-Mobile US has a market cap of $270.53 billion and reported earnings of $2.84 EPS for the latest quarter, exceeding analysts' expectations.

Strs Ohio purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 225,243 shares of the Wireless communications provider's stock, valued at approximately $60,075,000.

Several other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP increased its position in shares of T-Mobile US by 1.7% during the 1st quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider's stock valued at $3,426,407,000 after purchasing an additional 214,224 shares during the period. Canada Pension Plan Investment Board increased its position in shares of T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock valued at $1,837,399,000 after purchasing an additional 864,030 shares during the period. Goldman Sachs Group Inc. increased its position in shares of T-Mobile US by 25.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock valued at $1,112,886,000 after purchasing an additional 844,932 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of T-Mobile US by 4.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider's stock valued at $1,080,388,000 after purchasing an additional 169,562 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of T-Mobile US by 12.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,881,235 shares of the Wireless communications provider's stock valued at $856,705,000 after purchasing an additional 423,993 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at T-Mobile US

In other news, CEO G Michael Sievert sold 22,500 shares of T-Mobile US 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 transaction, the chief executive officer directly owned 358,722 shares in the company, valued at approximately $91,682,168.76. The trade was a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction, 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 disclosure for this sale can be found here. Insiders sold 2,627,930 shares of company stock valued at $628,713,068 in the last ninety days. Insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $240.38 on Thursday. The stock has a market cap of $270.53 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.33 and a beta of 0.61. The business has a fifty day simple moving average of $243.20 and a 200-day simple moving average of $247.14. 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.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate 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 business had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter last year, the firm posted $2.49 earnings per share. T-Mobile US's revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TMUS shares. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. lifted their target price on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. KeyCorp restated an "underweight" rating and issued a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Finally, Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $258.02.

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.

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