Maverick Capital Ltd. Slashed its stake in T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) stock by 26.2% in the fourth quarter, according to the latest SEC filing. The company owned 1,130,797 shares of the wireless communications provider after selling 401,875 shares during the period. T-Mobile US owns approximately 3.7% of Maverick Capital Ltd. out, making the stock the third-largest holding. Maverick Capital Ltd. owned 0.09% of T-Mobile US, valued at $158,312,000 at the time of the most recent SEC filing.
A number of other major investors have recently added to or reduced their stakes in TMUS. Meiji Yasuda Life Insurance Co increased its stake in T-Mobile US stock by 299.1% in the second quarter. Meiji Yasuda Life Insurance Co now owns 7,259 shares of the wireless communications provider, valued at $977,000, after purchasing an additional 5,440 shares last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new interest in T-Mobile US stock valued at $27,000 during the third quarter. Sei Investments Co. increased its stake in T-Mobile US stock by 0.8% in the second quarter. Sei Investments Co. now owns 232,451 shares of the wireless communications provider, valued at $31,290,000, after purchasing an additional 1,853 shares last quarter. NWI Management LP increased its stake in T-Mobile US stock by 26.7% in the second quarter. NWI Management LP now owns 142,250 shares of the wireless communications provider, valued at $19,138,000, after purchasing an additional 30,000 shares last quarter. Finally, Xponance Inc. increased its stake in T-Mobile US stock by 22.2% in the third quarter. Xponance Inc. now owns 57,227 shares of the wireless communications provider, valued at $7,678,000, after purchasing an additional 10,406 shares last quarter. 42.86% of the shares are currently owned by institutional investors and hedge funds.
Analyst upgrades and downgrades
TMUS has been the subject of a number of research reports. JPMorgan Chase & Co. set a price target of $200.00 for shares of T-Mobile US in a report on Friday, February 17. UBS Group issued a price target of $180.00 for T-Mobile US shares in a report on Thursday, February 2nd. Morgan Stanley lowered its target price on T-Mobile US shares to $175.00 from $180.00 and gave the company an “Overweight” rating in a report on Thursday, December 15. Credit Suisse Group issued a price target of $175.00 for shares of T-Mobile US in a report dated Friday, December 9. Finally, Citigroup raised its price target on T-Mobile US shares to $176.00 from $174.00 and gave the company a buy rating in a report on Friday, February 3rd. Three analysts have rated the stock with a hold rating, eight with a buy rating and one with a strong buy rating on the company. According to data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $180.17.
Insider Transactions at T-Mobile US
In other news, insider Callie R. Field sold 5,381 shares of the stock in a transaction on Thursday, February 16. The shares sold at an average price of $145.59 for a total transaction of $783,419.79. Following the sale, the insider now owns 112,761 shares of the company’s stock valued at $16,416,873.99. The sale was announced in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In other news, insider Callie R. Field sold 5,381 shares of the stock in a transaction on Thursday, February 16. The shares sold at an average price of $145.59 for a total transaction of $783,419.79. Following the sale, the insider now owns 112,761 shares of the company’s stock valued at $16,416,873.99. The sale was announced in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Also, insider Callie R. Field sold 2,287 shares of the stock in a transaction dated Monday, March 6th. The stock sold at an average price of $141.95 for a total transaction of $324,639.65. Following the sale, the insider now directly owns 93,916 shares of the company’s stock, valued at approximately $13,331,376.20. The disclosure for this sale can be found here. During the most recent quarter, insiders sold 94,380 shares of the company’s shares for $13,475,440. 0.68% of the shares are currently owned by company insiders.
T-Mobile US trading up 0.2%
NASDAQ TMUS rose $0.24 during trading hours on Friday to hit $142.54. The company had a trading volume of 4,407,108 shares compared to its average volume of 5,736,719. The stock has a 50-day moving average of $144.85 and a 200-day moving average of $143.63. T-Mobile US, Inc. has a 1-year low of $120.90 and a 1-year high of $154.38. The company has a current ratio of 0.77, a quick ratio of 0.69 and a debt to equity ratio of 1.04. The stock has a market cap of $173.81 billion, a P/E of 69.19, a price-to-earnings-to-growth ratio of 0.68, and a beta of 0.56.
T-Mobile US (NASDAQ:TMUS – Get Rating) last released its quarterly results on Wednesday, February 1st. The wireless communications provider reported earnings per share (EPS) of $1.18 for the quarter, beating the consensus estimate of $1.10 by $0.08. The company made $20.27 billion in revenue for the quarter, compared to analysts’ expectations of $20.66 billion. T-Mobile US had a net margin of 3.26% and a return on equity of 6.43%. The company’s quarterly revenue fell 2.5% year over year. In the same quarter last year, the company generated earnings per share of $1.10. As a group, research analysts expect T-Mobile US, Inc. to report earnings per share of $6.69 for the current fiscal year.
T-Mobile US Company Profile (Get Rating)
T-Mobile US, Inc provides wireless communication services under the T-Mobile and MetroPCS brands. It offers wireless postpaid and prepaid voice, messaging and data services, as well as wireless wholesale services. The company was founded in 1994 and is headquartered in Bellevue, WA.
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