Employees Retirement System of Texas Purchases 65,243 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Employees Retirement System of Texas boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 21.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 375,900 shares of the Wireless communications provider's stock after purchasing an additional 65,243 shares during the period. Employees Retirement System of Texas' holdings in T-Mobile US were worth $82,972,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TMUS. Brucke Financial Inc. acquired a new position in T-Mobile US during the fourth quarter worth $615,000. Jefferies Financial Group Inc. grew its position in shares of T-Mobile US by 9.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 37,480 shares of the Wireless communications provider's stock valued at $8,273,000 after acquiring an additional 3,350 shares during the period. Tiptree Advisors LLC acquired a new position in shares of T-Mobile US during the 4th quarter worth about $4,869,000. Capital A Wealth Management LLC bought a new stake in shares of T-Mobile US in the 4th quarter valued at about $270,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of T-Mobile US in the 4th quarter valued at about $1,031,000. Institutional investors own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of recent analyst reports. Barclays boosted their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. HSBC cut T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research note on Wednesday, March 5th. Tigress Financial lifted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. UBS Group downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, Hsbc Global Res cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $257.68.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares in the company, valued at $865,533. This represents a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.37% of the stock is owned by company insiders.

T-Mobile US Trading Up 1.4%

T-Mobile US stock traded up $3.31 during trading hours on Friday, hitting $242.61. The stock had a trading volume of 8,312,961 shares, compared to its average volume of 4,229,704. The business's 50 day simple moving average is $250.72 and its 200-day simple moving average is $243.83. T-Mobile US, Inc. has a one year low of $169.76 and a one year high of $276.49. The stock has a market cap of $275.47 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 1.55 and a beta of 0.69. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The firm's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.00 earnings per share. On average, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

About T-Mobile US

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.