Mariner LLC Acquires 49,717 Shares of T-Mobile US, Inc. $TMUS

Mariner LLC boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,199,566 shares of the Wireless communications provider’s stock after purchasing an additional 49,717 shares during the period. Mariner LLC’s holdings in T-Mobile US were worth $287,136,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TMUS. Howard Hughes Medical Institute purchased a new position in shares of T-Mobile US in the 2nd quarter worth about $25,000. United Community Bank raised its position in T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 59 shares during the period. Elevation Wealth Partners LLC boosted its stake in T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 76 shares during the last quarter. CoreFirst Bank & Trust bought a new position in shares of T-Mobile US during the 2nd quarter valued at approximately $31,000. Finally, Kilter Group LLC bought a new position in shares of T-Mobile US during the 2nd quarter valued at approximately $34,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 1.2%

Shares of NASDAQ TMUS opened at $214.82 on Tuesday. 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 company has a market cap of $236.70 billion, a P/E ratio of 22.12, a P/E/G ratio of 1.41 and a beta of 0.42. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $272.60. The business has a 50-day simple moving average of $204.44 and a two-hundred day simple moving average of $213.99.

Insider Buying and Selling

In other news, CFO Peter Osvaldik sold 27,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total value of $5,801,220.00. Following the completion of the transaction, the chief financial officer directly owned 51,573 shares in the company, valued at approximately $11,080,974.78. This trade represents a 34.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director G Michael Sievert sold 80,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the sale, the director directly 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. Insiders sold 694,134 shares of company stock valued at $150,847,799 in the last three months. Insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the topic of a number of research reports. Zacks Research raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Citigroup lowered their target price on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating on the stock in a research note on Friday, December 19th. KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 2nd. Finally, Scotiabank cut their price target on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating for the company in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $257.09.

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.