T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,228 shares of the Wireless communications provider’s stock after selling 172 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in T-Mobile US were worth $1,802,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sei Investments Co. grew its holdings in shares of T-Mobile US by 3.1% during the fourth quarter. Sei Investments Co. now owns 184,478 shares of the Wireless communications provider’s stock worth $29,574,000 after buying an additional 5,552 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of T-Mobile US in the first quarter valued at $1,908,000. Cardinal Capital Management Inc. acquired a new position in T-Mobile US in the fourth quarter valued at $29,962,000. CFO4Life Group LLC purchased a new position in T-Mobile US during the first quarter worth about $932,000. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in T-Mobile US by 26.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock worth $3,336,000 after buying an additional 4,253 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $176.47, for a total transaction of $23,551,862.67. Following the sale, the director now owns 670,945,589 shares in the company, valued at $118,401,768,090.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the sale, the insider now owns 122,687 shares in the company, valued at $21,787,984.33. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $176.47, for a total value of $23,551,862.67. Following the completion of the transaction, the director now owns 670,945,589 shares of the company’s stock, valued at $118,401,768,090.83. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 840,336 shares of company stock valued at $154,461,060. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TMUS shares. Tigress Financial upped their price objective on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Benchmark increased their price target on shares of T-Mobile US from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Morgan Stanley increased their target price on T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft boosted their price target on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Finally, KeyCorp raised their price objective on T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $205.69.

T-Mobile US Stock Performance

Shares of TMUS opened at $205.85 on Tuesday. The firm has a market cap of $240.18 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 0.74 and a beta of 0.51. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The business’s 50 day moving average is $190.68 and its two-hundred day moving average is $175.62. T-Mobile US, Inc. has a 52-week low of $135.82 and a 52-week high of $206.30.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.22. The firm had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.86 earnings per share. Analysts forecast that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

T-Mobile US Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.