Junto Capital Management LP Buys New Holdings in T-Mobile US, Inc. $TMUS

Junto Capital Management LP purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 398,312 shares of the Wireless communications provider’s stock, valued at approximately $95,348,000. T-Mobile US makes up about 2.0% of Junto Capital Management LP’s investment portfolio, making the stock its 14th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Foundations Investment Advisors LLC boosted its position in shares of T-Mobile US by 259.1% during the second quarter. Foundations Investment Advisors LLC now owns 10,026 shares of the Wireless communications provider’s stock worth $2,389,000 after acquiring an additional 7,234 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in T-Mobile US by 6.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 116,959 shares of the Wireless communications provider’s stock worth $27,867,000 after purchasing an additional 7,296 shares in the last quarter. Cetera Investment Advisers lifted its stake in T-Mobile US by 8.7% in the 2nd quarter. Cetera Investment Advisers now owns 128,772 shares of the Wireless communications provider’s stock worth $30,681,000 after purchasing an additional 10,260 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of T-Mobile US by 13.1% during the 2nd quarter. Intech Investment Management LLC now owns 41,663 shares of the Wireless communications provider’s stock valued at $9,927,000 after purchasing an additional 4,818 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its position in shares of T-Mobile US by 8.4% during the second quarter. Avantax Advisory Services Inc. now owns 41,027 shares of the Wireless communications provider’s stock valued at $9,775,000 after purchasing an additional 3,188 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TMUS has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their target price on T-Mobile US from $233.00 to $254.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. BNP Paribas Exane decreased their price objective on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. Citigroup lowered their target price on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. KeyCorp raised shares of T-Mobile US from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 2nd. Finally, Barclays boosted their price target on shares of T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. One 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 company’s stock. According to MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus target price of $257.09.

Insider Activity

In other T-Mobile US news, Director Srikant M. Datar sold 3,291 shares of T-Mobile US stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total transaction of $727,640.10. Following the completion of the transaction, the director directly owned 1,038 shares of the company’s stock, valued at $229,501.80. The trade was a 76.02% 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, Director G Michael Sievert sold 80,000 shares of the business’s stock in a transaction on 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 transaction, the director owned 140,696 shares in the company, valued at $30,241,198.24. This trade represents a 36.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 694,134 shares of company stock worth $150,847,799. Company insiders own 0.37% of the company’s stock.

T-Mobile US Trading Up 1.4%

Shares of TMUS stock opened at $217.39 on Monday. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $272.60. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90. The stock’s 50 day simple moving average is $204.16 and its two-hundred day simple moving average is $214.25. The company has a market cap of $239.53 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.41 and a beta of 0.42.

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.