EDENTREE ASSET MANAGEMENT Ltd Sells 1,283 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

EDENTREE ASSET MANAGEMENT Ltd trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 16.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,625 shares of the Wireless communications provider’s stock after selling 1,283 shares during the quarter. EDENTREE ASSET MANAGEMENT Ltd’s holdings in T-Mobile US were worth $1,462,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC raised its holdings in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after acquiring an additional 876,182 shares during the period. Gladstone Institutional Advisory LLC bought a new position in T-Mobile US in the 4th quarter valued at about $1,552,000. Rice Partnership LLC bought a new position in T-Mobile US in the 4th quarter valued at about $7,678,000. Exchange Traded Concepts LLC raised its holdings in T-Mobile US by 737.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider’s stock valued at $12,476,000 after acquiring an additional 49,775 shares during the period. Finally, Nilsine Partners LLC raised its holdings in T-Mobile US by 89.1% in the 4th quarter. Nilsine Partners LLC now owns 5,623 shares of the Wireless communications provider’s stock valued at $1,241,000 after acquiring an additional 2,650 shares during the period. 42.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Citigroup lowered shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price on the stock. in a research report on Friday, March 14th. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada increased their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday, March 21st. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $257.68.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $240.76 on Thursday. The company has a 50 day moving average of $253.07 and a 200-day moving average of $243.38. T-Mobile US, Inc. has a 1-year low of $163.26 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 company has a market cap of $273.37 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter in the prior year, the firm posted $2.00 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred 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 owns 3,291 shares of the company’s stock, valued at $865,533. This represents a 18.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.67% of the stock is owned by insiders.

About T-Mobile US

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.