T-Mobile US, Inc. (NASDAQ:TMUS) Stake Lessened by Cresset Asset Management LLC

Cresset Asset Management LLC decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 29.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,982 shares of the Wireless communications provider's stock after selling 39,711 shares during the quarter. Cresset Asset Management LLC's holdings in T-Mobile US were worth $20,524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Cetera Investment Advisers increased its position in T-Mobile US by 1.1% during the 4th quarter. Cetera Investment Advisers now owns 97,170 shares of the Wireless communications provider's stock worth $21,448,000 after purchasing an additional 1,038 shares in the last quarter. Cercano Management LLC purchased a new position in shares of T-Mobile US in the 4th quarter valued at $10,375,000. Blue Capital Inc. acquired a new position in shares of T-Mobile US during the 4th quarter valued at $341,000. Captrust Financial Advisors boosted its position in T-Mobile US by 2.6% during the 4th quarter. Captrust Financial Advisors now owns 56,876 shares of the Wireless communications provider's stock worth $12,554,000 after purchasing an additional 1,461 shares during the period. Finally, Cary Street Partners Financial LLC acquired a new stake in T-Mobile US in the 4th quarter valued at $343,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS traded down $3.68 during trading on Friday, hitting $243.81. 3,278,264 shares of the company traded hands, compared to its average volume of 4,213,947. The stock has a market capitalization of $276.83 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a one year low of $161.72 and a one year high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The business's fifty day moving average is $256.32 and its 200-day moving average is $242.56.

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

Analysts Set New Price Targets

TMUS has been the topic of a number of recent research reports. Tigress Financial boosted their price objective 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. UBS Group downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. 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 research report on Wednesday, March 5th. Benchmark reaffirmed a "buy" rating and set a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Finally, Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a research note on Thursday, January 23rd. Ten equities 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's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $257.68.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred 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 sale, the director now owns 3,291 shares of the company's stock, valued at approximately $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.67% of the stock is currently owned by company insiders.

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.