Groupama Asset Managment Sells 36,115 Shares of T-Mobile US, Inc. $TMUS

Groupama Asset Managment trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 10.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 326,318 shares of the Wireless communications provider’s stock after selling 36,115 shares during the quarter. Groupama Asset Managment’s holdings in T-Mobile US were worth $78,114,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TMUS. Norges Bank bought a new position in shares of T-Mobile US in the second quarter worth about $1,477,780,000. Wellington Management Group LLP increased its holdings in shares of T-Mobile US by 47.5% in the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after purchasing an additional 4,335,368 shares in the last quarter. Marshall Wace LLP raised its position in T-Mobile US by 2,303.2% in the 2nd quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock worth $428,174,000 after purchasing an additional 1,878,654 shares during the last quarter. Viking Global Investors LP lifted its holdings in T-Mobile US by 81.7% during the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after buying an additional 1,279,422 shares in the last quarter. Finally, Amundi boosted its position in T-Mobile US by 44.6% in the 3rd quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider’s stock valued at $924,380,000 after buying an additional 1,266,808 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the topic of several research reports. Argus cut their price target on T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. Wolfe Research restated an “outperform” rating and set a $255.00 target price on shares of T-Mobile US in a research report on Thursday, February 12th. Barclays lifted 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. Wall Street Zen lowered shares of T-Mobile US from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Finally, TD Cowen dropped their target price 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 investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus target price of $257.30.

Insiders Place Their Bets

In related news, Director G Michael Sievert sold 80,000 shares of the 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Srikant M. Datar sold 3,291 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the sale, the director owned 1,038 shares in the company, valued at $229,501.80. This trade represents a 76.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 694,134 shares of company stock worth $150,847,799 in the last three months. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Stock Down 3.2%

Shares of T-Mobile US stock opened at $206.62 on Thursday. The company has a market capitalization of $227.67 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 1.39 and a beta of 0.43. 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 business has a 50-day moving average of $204.92 and a two-hundred day moving average of $213.67. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $272.60.

About T-Mobile US

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.