Sirios Capital Management L P Makes New Investment in T-Mobile US, Inc. $TMUS

Sirios Capital Management L P bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,667 shares of the Wireless communications provider’s stock, valued at approximately $1,117,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TMUS. L2 Asset Management LLC lifted its holdings in shares of T-Mobile US by 2.2% in the 2nd quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock worth $496,000 after purchasing an additional 45 shares during the last quarter. City Holding Co. lifted its stake in T-Mobile US by 48.4% in the third quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock valued at $34,000 after buying an additional 46 shares during the last quarter. PAX Financial Group LLC boosted its holdings in shares of T-Mobile US by 4.1% during the second quarter. PAX Financial Group LLC now owns 1,190 shares of the Wireless communications provider’s stock valued at $284,000 after acquiring an additional 47 shares during the period. New Republic Capital LLC grew its position in shares of T-Mobile US by 4.7% during the third quarter. New Republic Capital LLC now owns 1,073 shares of the Wireless communications provider’s stock worth $257,000 after acquiring an additional 48 shares during the last quarter. Finally, Appleton Partners Inc. MA increased its holdings in shares of T-Mobile US by 5.3% in the 3rd quarter. Appleton Partners Inc. MA now owns 971 shares of the Wireless communications provider’s stock worth $232,000 after acquiring an additional 49 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $217.39 on Friday. The company has a 50-day moving average of $204.16 and a 200-day moving average of $214.76. The firm has a market cap of $239.53 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 1.39 and a beta of 0.43. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $272.60.

Insider Activity

In related news, Director Raul Marcelo Claure sold 550,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the completion of the sale, the director directly owned 891,204 shares in the company, valued at approximately $193,899,254.28. This trade represents a 38.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Srikant M. Datar sold 3,291 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total value of $727,640.10. Following the completion of the transaction, the director directly owned 1,038 shares in the company, valued at $229,501.80. This represents a 76.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 694,134 shares of company stock valued at $150,847,799 in the last ninety days. 0.37% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on TMUS shares. Weiss Ratings lowered shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 2nd. Morgan Stanley cut their target price on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Finally, Wall Street Zen cut shares of T-Mobile US from a “hold” rating to a “sell” rating in a research note on Saturday. One equities research 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, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus target price of $257.09.

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.