T-Mobile US, Inc. $TMUS Position Trimmed by GW&K Investment Management LLC

GW&K Investment Management LLC trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 81.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,016 shares of the Wireless communications provider’s stock after selling 43,296 shares during the period. GW&K Investment Management LLC’s holdings in T-Mobile US were worth $2,398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TMUS. Norges Bank acquired a new stake in T-Mobile US during the second quarter worth about $1,477,780,000. Marshall Wace LLP boosted its position in T-Mobile US by 2,303.2% during the 2nd quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock valued at $428,174,000 after purchasing an additional 1,878,654 shares during the period. Viking Global Investors LP lifted its stake in T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after buying an additional 1,279,422 shares during the last quarter. State Street Corp boosted its holdings in shares of T-Mobile US by 4.5% during the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock valued at $5,513,650,000 after acquiring an additional 994,740 shares during the period. Finally, Crake Asset Management LLP bought a new position in shares of T-Mobile US during the second quarter worth about $160,945,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TMUS. Oppenheimer cut T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, November 21st. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. BNP Paribas Exane cut their price objective on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Zacks Research raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Finally, Daiwa Securities Group raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price target for the company in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $257.09.

Insiders Place Their Bets

In other T-Mobile US news, Director G Michael Sievert sold 80,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the completion of the sale, the director directly owned 140,696 shares of the company’s stock, valued at approximately $30,241,198.24. This represents a 36.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Wolfe Nelson sold 10,240 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $220.80, for a total transaction of $2,260,992.00. Following the completion of the transaction, the insider owned 74,280 shares of the company’s stock, valued at approximately $16,401,024. The trade was a 12.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 694,134 shares of company stock worth $150,847,799 over the last three months. Company insiders own 0.37% of the company’s stock.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $221.57 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $244.14 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 1.43 and a beta of 0.43. The stock’s fifty day simple moving average is $202.78 and its 200 day simple moving average is $216.13. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $272.60.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.