Martingale Asset Management L P Cuts Stake in T-Mobile US, Inc. $TMUS

Martingale Asset Management L P cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 8.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 128,355 shares of the Wireless communications provider’s stock after selling 11,504 shares during the period. T-Mobile US comprises about 0.8% of Martingale Asset Management L P’s holdings, making the stock its 26th largest position. Martingale Asset Management L P’s holdings in T-Mobile US were worth $30,726,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in T-Mobile US by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock worth $10,244,764,000 after purchasing an additional 636,192 shares in the last quarter. State Street Corp increased its stake in T-Mobile US by 4.5% during the 2nd quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock valued at $5,513,650,000 after purchasing an additional 994,740 shares in the last quarter. Capital International Investors raised its holdings in T-Mobile US by 5.5% in the third quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock worth $3,285,608,000 after buying an additional 711,278 shares during the last quarter. Invesco Ltd. raised its holdings in T-Mobile US by 6.1% in the third quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock worth $1,891,845,000 after buying an additional 453,096 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of T-Mobile US by 5.2% in the second quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock worth $1,500,784,000 after buying an additional 309,922 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TMUS shares. Daiwa Securities Group upgraded shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price target on the stock in a report on Thursday, February 19th. Oppenheimer cut T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, November 21st. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research note on Friday, February 13th. KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a research note 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.09.

Insider Buying and Selling at T-Mobile US

In related news, insider Mark Wolfe Nelson sold 2,329 shares of T-Mobile US stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total value of $517,923.02. Following the completion of the sale, the insider owned 65,677 shares of the company’s stock, valued at $14,605,251.26. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Raul Marcelo Claure sold 550,000 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $217.57, for a total value of $119,663,500.00. Following the sale, the director owned 891,204 shares of the company’s stock, valued at approximately $193,899,254.28. This trade represents a 38.16% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Stock Up 0.4%

Shares of T-Mobile US stock opened at $214.37 on Friday. The company has a market cap of $236.21 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 1.38 and a beta of 0.43. The company’s 50 day moving average is $203.80 and its 200 day moving average is $215.00. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $272.60. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45.

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.