GCM Grosvenor Holdings LLC Cuts Position in T-Mobile US, Inc. (NASDAQ:TMUS)

GCM Grosvenor Holdings LLC decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 23.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 120,719 shares of the Wireless communications provider's stock after selling 36,069 shares during the quarter. T-Mobile US comprises about 3.8% of GCM Grosvenor Holdings LLC's investment portfolio, making the stock its 4th largest holding. GCM Grosvenor Holdings LLC's holdings in T-Mobile US were worth $26,646,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. raised its position in T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 62 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in shares of T-Mobile US during the fourth quarter worth approximately $28,000. Financial Life Planners acquired a new position in shares of T-Mobile US in the fourth quarter valued at $29,000. Bruce G. Allen Investments LLC grew its position in T-Mobile US by 79.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock valued at $36,000 after acquiring an additional 73 shares during the period. Finally, Albion Financial Group UT bought a new stake in shares of T-Mobile US during the fourth quarter worth $39,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now owns 3,291 shares in the company, valued at $865,533. This represents a 18.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Trading Down 1.5%

Shares of NASDAQ TMUS traded down $3.68 during trading on Friday, reaching $243.81. The company had a trading volume of 3,278,264 shares, compared to its average volume of 4,218,482. The company's fifty day moving average price is $256.32 and its 200-day moving average price is $242.78. T-Mobile US, Inc. has a 12 month low of $161.72 and a 12 month high of $276.49. The stock has a market cap of $276.83 billion, a P/E ratio of 25.21, a PEG ratio of 1.55 and a beta of 0.69. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

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

Wall Street Analyst Weigh In

TMUS has been the topic of several recent research reports. Oppenheimer raised their price target on T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Hsbc Global Res downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Tigress Financial upped their target price on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. HSBC cut T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a report on Wednesday, March 5th. Finally, Bank of America upped their target price on T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and an average price target of $257.68.

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.