Gofen & Glossberg LLC IL Raises Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Gofen & Glossberg LLC IL lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUSGet Rating) by 13.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,039 shares of the Wireless communications provider’s stock after purchasing an additional 3,135 shares during the period. Gofen & Glossberg LLC IL’s holdings in T-Mobile US were worth $3,503,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Core Alternative Capital grew its stake in T-Mobile US by 600.0% in the 1st quarter. Core Alternative Capital now owns 203 shares of the Wireless communications provider’s stock worth $26,000 after acquiring an additional 174 shares during the period. Koshinski Asset Management Inc. grew its stake in shares of T-Mobile US by 48.5% during the 1st quarter. Koshinski Asset Management Inc. now owns 245 shares of the Wireless communications provider’s stock valued at $31,000 after buying an additional 80 shares during the period. Steward Financial Group LLC purchased a new stake in shares of T-Mobile US during the 1st quarter valued at $32,000. Financial Management Professionals Inc. grew its stake in shares of T-Mobile US by 158.8% during the 2nd quarter. Financial Management Professionals Inc. now owns 264 shares of the Wireless communications provider’s stock valued at $36,000 after buying an additional 162 shares during the period. Finally, San Luis Wealth Advisors LLC purchased a new stake in shares of T-Mobile US during the 1st quarter valued at $31,000. 45.24% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $135.05 on Friday. T-Mobile US, Inc. has a fifty-two week low of $101.51 and a fifty-two week high of $148.04. The company has a quick ratio of 0.74, a current ratio of 0.85 and a debt-to-equity ratio of 1.05. The company has a market cap of $169.36 billion, a PE ratio of 98.58, a P/E/G ratio of 2.12 and a beta of 0.48. The firm has a 50-day simple moving average of $142.09 and a 200 day simple moving average of $134.29.

T-Mobile US (NASDAQ:TMUSGet Rating) last posted its earnings results on Wednesday, July 27th. The Wireless communications provider reported $1.43 EPS for the quarter, topping the consensus estimate of $0.41 by $1.02. T-Mobile US had a net margin of 2.14% and a return on equity of 6.59%. The firm had revenue of $19.70 billion during the quarter, compared to analysts’ expectations of $20.08 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. T-Mobile US’s quarterly revenue was down 1.2% on a year-over-year basis. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 2.22 EPS for the current year.

Analyst Ratings Changes

TMUS has been the subject of several research reports. KeyCorp boosted their price objective on shares of T-Mobile US from $155.00 to $161.00 and gave the company an “overweight” rating in a research note on Monday, July 11th. Moffett Nathanson lifted their target price on shares of T-Mobile US from $165.00 to $174.00 and gave the company an “outperform” rating in a report on Thursday, August 18th. JPMorgan Chase & Co. set a $180.00 target price on shares of T-Mobile US in a report on Wednesday, June 1st. TheStreet lowered shares of T-Mobile US from a “b” rating to a “c+” rating in a report on Wednesday, July 27th. Finally, Scotiabank upgraded shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $153.00 to $167.00 in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $170.38.

Insider Transactions at T-Mobile US

In other news, insider Callie R. Field sold 6,944 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $144.00, for a total value of $999,936.00. Following the completion of the sale, the insider now directly owns 91,427 shares of the company’s stock, valued at approximately $13,165,488. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Neville R. Ray sold 50,000 shares of the stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $145.21, for a total transaction of $7,260,500.00. Following the completion of the sale, the insider now directly owns 363,902 shares of the company’s stock, valued at $52,842,209.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Callie R. Field sold 6,944 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $144.00, for a total transaction of $999,936.00. Following the sale, the insider now directly owns 91,427 shares of the company’s stock, valued at $13,165,488. The disclosure for this sale can be found here. In the last three months, insiders sold 101,846 shares of company stock valued at $14,808,930. Company insiders own 0.68% of the company’s stock.

About T-Mobile US

(Get Rating)

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 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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