T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 75.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,939 shares of the Wireless communications provider's stock after purchasing an additional 8,120 shares during the quarter. T-Mobile US makes up 0.5% of University of Texas Texas AM Investment Management Co.'s investment portfolio, making the stock its 29th largest holding. University of Texas Texas AM Investment Management Co.'s holdings in T-Mobile US were worth $4,180,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. boosted its stake in shares of T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 62 shares in the last quarter. CoreFirst Bank & Trust bought a new position in T-Mobile US in the fourth quarter valued at about $28,000. Financial Life Planners acquired a new position in shares of T-Mobile US in the 4th quarter valued at $29,000. Albion Financial Group UT acquired a new position in shares of T-Mobile US during the 4th quarter worth about $39,000. Finally, DT Investment Partners LLC increased its stake in T-Mobile US by 58.8% in the fourth quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider's stock valued at $42,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred 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 transaction, the director now owns 3,291 shares of the company's stock, valued at $865,533. This represents a 18.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. Tigress Financial lifted their target price on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Benchmark restated a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. Finally, Citigroup cut 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 report on Friday, March 14th. 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 company. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Stock Performance

Shares of T-Mobile US stock traded up $0.48 on Tuesday, hitting $243.36. 3,717,308 shares of the company's stock were exchanged, compared to its average volume of 4,246,486. The stock has a market capitalization of $276.32 billion, a PE ratio of 25.17, a PEG ratio of 1.55 and a beta of 0.69. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The company has a 50-day simple moving average of $251.99 and a 200-day simple moving average of $243.82. T-Mobile US, Inc. has a 1 year low of $165.37 and a 1 year high of $276.49.

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