T-Mobile US, Inc. $TMUS Shares Bought by Berkshire Bank

Key Points

• Berkshire Bank increased its holdings in T-Mobile US by 12.5% during the second quarter, owning a total of 12,593 shares worth about $3 million.
• Analyst ratings for T-Mobile US show a consensus of "Moderate Buy" with a target price around $258.02, with various analysts issuing upgrades and downgrades recently.
• Insider activity includes a significant sale of 69,840 shares by Director Telekom AG Deutsche, worth approximately $16.6 million, resulting in a slight decrease in their ownership percentage.

Berkshire Bank lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 12.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,593 shares of the Wireless communications provider's stock after acquiring an additional 1,400 shares during the quarter. Berkshire Bank's holdings in T-Mobile US were worth $3,000,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Snowden Capital Advisors LLC boosted its position in T-Mobile US by 0.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock valued at $1,411,000 after purchasing an additional 40 shares during the period. Stonebrook Private Inc. acquired a new position in T-Mobile US during the 4th quarter valued at approximately $207,000. Texas Bank & Trust Co acquired a new position in T-Mobile US during the 4th quarter valued at approximately $263,000. Two Sigma Advisers LP boosted its position in T-Mobile US by 1,573.1% during the 4th quarter. Two Sigma Advisers LP now owns 18,421 shares of the Wireless communications provider's stock valued at $4,066,000 after purchasing an additional 17,320 shares during the period. Finally, Westwood Holdings Group Inc. boosted its position in T-Mobile US by 360.9% during the 4th quarter. Westwood Holdings Group Inc. now owns 535,449 shares of the Wireless communications provider's stock valued at $118,190,000 after purchasing an additional 419,286 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on TMUS shares. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. The Goldman Sachs Group initiated coverage on T-Mobile US in a research note on Tuesday, September 2nd. They set a "buy" rating and a $286.00 target price on the stock. Arete Research raised T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Bank of America initiated coverage on T-Mobile US in a research note on Monday, July 7th. They set a "neutral" rating and a $255.00 target price on the stock. Three 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 given a Sell rating to the company's stock. According to MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.02.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 2,622,516 shares of company stock valued at $628,207,236. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Trading Down 0.8%

Shares of TMUS opened at $239.74 on Tuesday. T-Mobile US, Inc. has a 1 year low of $195.47 and a 1 year high of $276.49. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The stock has a 50 day simple moving average of $243.29 and a 200-day simple moving average of $246.30. The stock has a market cap of $269.81 billion, a PE ratio of 22.62, a PEG ratio of 1.33 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the prior year, the firm posted $2.49 EPS. T-Mobile US's quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side 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.

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