NorthRock Partners LLC Has $1.47 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

NorthRock Partners LLC raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 76.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,635 shares of the Wireless communications provider’s stock after purchasing an additional 2,868 shares during the period. NorthRock Partners LLC’s holdings in T-Mobile US were worth $1,465,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Rakuten Securities Inc. raised its position in shares of T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 62 shares during the period. CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US in the 4th quarter valued at approximately $28,000. Financial Life Planners acquired a new stake in shares of T-Mobile US in the 4th quarter valued at approximately $29,000. Albion Financial Group UT acquired a new stake in shares of T-Mobile US in the 4th quarter valued at approximately $39,000. Finally, DT Investment Partners LLC raised its position in shares of T-Mobile US by 58.8% in the 4th quarter. DT Investment Partners LLC now owns 189 shares of the Wireless communications provider’s stock valued at $42,000 after acquiring an additional 70 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. This trade represents a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is owned by company insiders.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $235.29 on Thursday. T-Mobile US, Inc. has a 1-year low of $162.15 and a 1-year high of $276.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a fifty day simple moving average of $254.76 and a 200 day simple moving average of $242.79. The stock has a market capitalization of $267.16 billion, a PE ratio of 24.33, a P/E/G ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The business had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.67 billion. During the same period last year, the business earned $2.00 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. On average, research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TMUS. UBS Group downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. HSBC cut T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research note on Wednesday, March 5th. Hsbc Global Res cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Tigress Financial increased their target price on T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Finally, Bank of America increased their target price on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $257.68.

T-Mobile US Company 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.