CGN Advisors LLC Sells 1,425 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

CGN Advisors LLC reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 13.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,470 shares of the Wireless communications provider's stock after selling 1,425 shares during the quarter. CGN Advisors LLC's holdings in T-Mobile US were worth $2,526,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Rakuten Securities Inc. grew its holdings in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after acquiring an additional 62 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in T-Mobile US in the fourth quarter valued at about $28,000. Financial Life Planners acquired a new position in T-Mobile US in the 4th quarter worth about $29,000. Adirondack Trust Co. raised its stake in shares of T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares in the last quarter. Finally, Pinney & Scofield Inc. acquired a new stake in shares of T-Mobile US during the 4th quarter valued at about $39,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

TMUS stock traded down $1.92 during trading on Wednesday, reaching $241.96. 3,413,920 shares of the stock were exchanged, compared to its average volume of 4,185,515. T-Mobile US, Inc. has a twelve month low of $171.18 and a twelve month high of $276.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $274.73 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69. The stock has a 50 day simple moving average of $249.84 and a 200-day simple moving average of $243.95.

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

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Tigress Financial increased their price objective on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Citigroup lowered shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective for the company. in a research note on Friday, March 14th. Benchmark restated a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a report on Thursday, March 27th. Finally, UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. 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 stock. According to MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and a consensus target price of $257.68.

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.