LGT Fund Management Co Ltd. Cuts Stock Holdings in T-Mobile US, Inc. $TMUS

LGT Fund Management Co Ltd. reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 53.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,713 shares of the Wireless communications provider’s stock after selling 13,512 shares during the period. LGT Fund Management Co Ltd.’s holdings in T-Mobile US were worth $2,732,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TMUS. Modera Wealth Management LLC grew its position in shares of T-Mobile US by 62.8% during the second quarter. Modera Wealth Management LLC now owns 1,830 shares of the Wireless communications provider’s stock valued at $436,000 after purchasing an additional 706 shares in the last quarter. Vestmark Advisory Solutions Inc. bought a new stake in shares of T-Mobile US in the second quarter worth about $1,437,000. Wedbush Securities Inc. lifted its position in shares of T-Mobile US by 14.7% in the second quarter. Wedbush Securities Inc. now owns 7,319 shares of the Wireless communications provider’s stock worth $1,744,000 after buying an additional 940 shares in the last quarter. Penserra Capital Management LLC lifted its position in shares of T-Mobile US by 413.5% in the second quarter. Penserra Capital Management LLC now owns 33,688 shares of the Wireless communications provider’s stock worth $8,025,000 after buying an additional 27,127 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in T-Mobile US during the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $221.57 on Monday. The stock has a market cap of $244.14 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 1.43 and a beta of 0.42. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. The stock has a 50 day moving average price of $202.78 and a 200-day moving average price of $215.53. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $272.60.

Insider Buying and Selling

In other news, Director G Michael Sievert sold 1,089 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $221.85, for a total value of $241,594.65. Following the sale, the director owned 125,696 shares of the company’s stock, valued at approximately $27,885,657.60. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Raul Marcelo Claure sold 550,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the completion of the sale, the director owned 891,204 shares of the company’s stock, valued at $193,899,254.28. This trade represents a 38.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 694,134 shares of company stock valued at $150,847,799 over the last 90 days. 0.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Wolfe Research reiterated an “outperform” rating and set a $255.00 target price on shares of T-Mobile US in a research report on Thursday, February 12th. Oppenheimer lowered shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, November 21st. Benchmark restated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Finally, TD Cowen lowered their price objective on shares of T-Mobile US from $263.00 to $252.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $257.09.

T-Mobile US 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.