WBI Investments LLC Buys Shares of 2,066 T-Mobile US, Inc. $TMUS

Key Points

• WBI Investments LLC acquired 2,066 shares of T-Mobile US, Inc. in the 1st quarter, valued at approximately $551,000.
• Several institutional investors, including Crestwood Advisors Group and Canada Pension Plan Investment Board, have significantly increased their stakes in T-Mobile US, indicating strong institutional interest in the stock.
• T-Mobile US reported earnings of $2.84 EPS for the last quarter, exceeding estimates and showing a 6.9% increase in revenue compared to the prior year.

WBI Investments LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,066 shares of the Wireless communications provider's stock, valued at approximately $551,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management lifted 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 worth $25,000 after buying an additional 94 shares during the last quarter. Godsey & Gibb Inc. raised its stake in T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 60 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in T-Mobile US during the 1st quarter worth $29,000. TCTC Holdings LLC raised its stake in T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after acquiring an additional 77 shares in the last quarter. Finally, City Holding Co. raised its stake in T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

Shares of TMUS traded down $1.98 during trading hours on Monday, reaching $239.74. The company had a trading volume of 3,062,433 shares, compared to its average volume of 4,295,804. The firm has a 50 day simple moving average of $243.25 and a 200-day simple moving average of $246.51. 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 company has a market capitalization of $269.81 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 1.33 and a beta of 0.61. T-Mobile US, Inc. has a 12-month low of $195.47 and a 12-month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. The business 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%. The business's revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.49 EPS. Research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 2,622,516 shares of company stock worth $628,207,236. Company insiders own 0.37% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. KeyCorp reiterated an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Royal Bank Of Canada upped their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Morgan Stanley upped their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, The Goldman Sachs Group began 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 target for the company. Three investment 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $258.02.

T-Mobile US Company 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.