Acadian Asset Management LLC Raises Stock Position in T-Mobile US, Inc. $TMUS

Key Points

• Acadian Asset Management LLC increased its stake in T-Mobile US by 157.1% during Q1, owning 1,266,249 shares valued at approximately $337.7 million, making it the firm's 24th largest holding.
• A variety of other institutional investors made significant adjustments to their holdings, with some like Activest Wealth Management increasing by as much as 9,400% during the first quarter.
• Analysts have set new price targets for T-Mobile US shares, with Royal Bank of Canada raising it to $270 and JPMorgan Chase increasing it to $280, suggesting a positive outlook for the stock.

Acadian Asset Management LLC grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 157.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,266,249 shares of the Wireless communications provider's stock after buying an additional 773,730 shares during the quarter. T-Mobile US accounts for approximately 1.0% of Acadian Asset Management LLC's holdings, making the stock its 24th biggest holding. Acadian Asset Management LLC owned approximately 0.11% of T-Mobile US worth $337,687,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Activest Wealth Management raised its position in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after buying an additional 94 shares in the last quarter. Godsey & Gibb Inc. raised its position in T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares during the period. Stone House Investment Management LLC purchased a new stake in T-Mobile US in the 1st quarter worth about $29,000. TCTC Holdings LLC raised its position in T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after purchasing an additional 77 shares during the period. Finally, City Holding Co. raised its position in T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $240.08, for a total transaction of $16,767,187.20. Following the completion of the sale, the director directly owned 635,014,604 shares in the company, valued at approximately $152,454,306,128.32. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO G Michael Sievert sold 22,500 shares of T-Mobile US stock in a transaction on Monday, August 18th. The stock was sold at an average price of $255.58, for a total transaction of $5,750,550.00. Following the sale, the chief executive officer owned 358,722 shares of the company's stock, valued at $91,682,168.76. The trade was a 5.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,627,930 shares of company stock valued at $628,713,068 over the last quarter. Insiders own 0.37% of the company's stock.

T-Mobile US Stock Up 0.1%

TMUS traded up $0.33 during trading on Friday, hitting $241.72. The stock had a trading volume of 3,085,735 shares, compared to its average volume of 3,832,857. The company has a market capitalization of $272.04 billion, a PE ratio of 22.80, a PEG ratio of 1.32 and a beta of 0.61. T-Mobile US, Inc. has a twelve month low of $195.47 and a twelve month high of $276.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The stock has a 50 day simple moving average of $243.25 and a two-hundred day simple moving average of $246.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. T-Mobile US's revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $2.49 earnings per share. On average, research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 price objective on the stock. Morgan Stanley increased their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Royal Bank Of Canada increased their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Redburn Atlantic upgraded shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective on the stock in a research note on Monday, July 7th. Finally, Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective on the stock in a research note on Monday, July 7th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, T-Mobile US currently has a consensus 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.