Gabelli Funds LLC cut its position in T-Mobile US Inc (NASDAQ:TMUS) by 12.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 362,185 shares of the Wireless communications provider’s stock after selling 50,815 shares during the period. Gabelli Funds LLC’s holdings in T-Mobile US were worth $23,002,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Voya Investment Management LLC increased its holdings in shares of T-Mobile US by 2.5% in the second quarter. Voya Investment Management LLC now owns 35,232 shares of the Wireless communications provider’s stock valued at $2,136,000 after purchasing an additional 875 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of T-Mobile US by 1.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 68,575 shares of the Wireless communications provider’s stock valued at $4,228,000 after purchasing an additional 975 shares during the period. Xact Kapitalforvaltning AB increased its holdings in shares of T-Mobile US by 1.7% in the third quarter. Xact Kapitalforvaltning AB now owns 59,229 shares of the Wireless communications provider’s stock valued at $3,652,000 after purchasing an additional 1,006 shares during the period. Mn Services Vermogensbeheer B.V. increased its holdings in shares of T-Mobile US by 2.3% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 47,938 shares of the Wireless communications provider’s stock valued at $2,956,000 after purchasing an additional 1,100 shares during the period. Finally, BTC Capital Management Inc. increased its holdings in shares of T-Mobile US by 26.3% in the fourth quarter. BTC Capital Management Inc. now owns 5,419 shares of the Wireless communications provider’s stock valued at $345,000 after purchasing an additional 1,128 shares during the period. 35.05% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on TMUS shares. Deutsche Bank cut their price objective on T-Mobile US from $70.00 to $65.00 and set a “hold” rating on the stock in a report on Tuesday, October 10th. KeyCorp set a $72.00 price objective on T-Mobile US and gave the company a “buy” rating in a report on Wednesday, October 11th. Cowen reissued a “buy” rating and issued a $70.00 price objective on shares of T-Mobile US in a report on Tuesday, October 17th. Zacks Investment Research lowered T-Mobile US from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, BTIG Research increased their price objective on T-Mobile US from $74.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $69.86.

Shares of T-Mobile US Inc (TMUS) opened at $60.85 on Wednesday. T-Mobile US Inc has a one year low of $54.60 and a one year high of $68.88. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $51,199.07, a PE ratio of 27.85, a PEG ratio of 0.82 and a beta of 0.29.

T-Mobile US declared that its Board of Directors has initiated a share repurchase program on Wednesday, December 6th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the Wireless communications provider to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

In other T-Mobile US news, EVP Peter A. Ewens sold 10,000 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $65.05, for a total transaction of $650,500.00. Following the transaction, the executive vice president now owns 146,434 shares in the company, valued at $9,525,531.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO J Braxton Carter II sold 15,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $62.97, for a total value of $944,550.00. Following the transaction, the chief financial officer now owns 163,688 shares in the company, valued at approximately $10,307,433.36. The disclosure for this sale can be found here. Insiders sold 73,620 shares of company stock worth $4,708,192 in the last 90 days. Company insiders own 0.29% of the company’s stock.

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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 U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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