MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Holdings in T-Mobile US, Inc. $TMUS

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 17.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 693,045 shares of the Wireless communications provider’s stock after selling 148,731 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of T-Mobile US worth $165,901,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moore Capital Management LP purchased a new stake in shares of T-Mobile US in the 3rd quarter worth $2,316,000. L2 Asset Management LLC lifted its position in T-Mobile US by 10.4% during the third quarter. L2 Asset Management LLC now owns 2,299 shares of the Wireless communications provider’s stock valued at $550,000 after purchasing an additional 217 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its holdings in T-Mobile US by 3.2% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 13,444 shares of the Wireless communications provider’s stock valued at $3,218,000 after purchasing an additional 419 shares during the period. Larson Financial Group LLC grew its holdings in T-Mobile US by 13.0% during the third quarter. Larson Financial Group LLC now owns 21,785 shares of the Wireless communications provider’s stock valued at $5,215,000 after purchasing an additional 2,498 shares during the period. Finally, Lighthouse Investment Partners LLC purchased a new stake in T-Mobile US in the third quarter worth about $6,042,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several recent research reports. Zacks Research raised T-Mobile US from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. Weiss Ratings downgraded T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a report on Thursday, February 19th. Royal Bank Of Canada decreased their target price on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Finally, Scotiabank lowered their price target on shares of T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $257.09.

Insider Activity at T-Mobile US

In other news, insider Mark Wolfe Nelson sold 2,329 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $222.38, for a total value of $517,923.02. Following the sale, the insider directly owned 65,677 shares in the company, valued at $14,605,251.26. The trade was a 3.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director G Michael Sievert sold 1,089 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $221.85, for a total transaction of $241,594.65. Following the sale, the director owned 125,696 shares in the company, valued at $27,885,657.60. This represents a 0.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 694,134 shares of company stock valued at $150,847,799 over the last quarter. 0.37% of the stock is currently owned by insiders.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $214.82 on Tuesday. The company has a market cap of $236.70 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.41 and a beta of 0.42. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $272.60. The stock’s 50 day simple moving average is $204.44 and its two-hundred day simple moving average is $213.99. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90.

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.