T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by NorthRock Partners LLC

NorthRock Partners LLC boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 76.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,635 shares of the Wireless communications provider's stock after acquiring an additional 2,868 shares during the quarter. NorthRock Partners LLC's holdings in T-Mobile US were worth $1,465,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TMUS. Rakuten Securities Inc. raised its holdings in T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 62 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in T-Mobile US during the fourth quarter worth approximately $28,000. Financial Life Planners acquired a new stake in T-Mobile US during the fourth quarter worth approximately $29,000. Albion Financial Group UT acquired a new stake in T-Mobile US during the fourth quarter worth approximately $39,000. Finally, DT Investment Partners LLC raised its holdings in T-Mobile US by 58.8% during the fourth quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider's stock worth $42,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on TMUS shares. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Tigress Financial lifted their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. UBS Group cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Citigroup cut shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price on the stock. in a report on Friday, March 14th. Finally, HSBC cut shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a report on Wednesday, March 5th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus target price of $257.68.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $2.50 during trading on Friday, hitting $242.66. 4,399,603 shares of the company were exchanged, compared to its average volume of 4,237,526. The company has a market cap of $275.53 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a 1 year low of $163.15 and a 1 year high of $276.49. The firm's fifty day moving average price is $253.96 and its 200 day moving average price is $242.99. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

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 company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The business's revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.00 EPS. On average, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares of the company's stock, valued at $865,533. The trade was a 18.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.67% of the company's stock.

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.