180 Wealth Advisors LLC Boosts Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

180 Wealth Advisors LLC increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 20.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 10,760 shares of the Wireless communications provider’s stock after buying an additional 1,840 shares during the period. 180 Wealth Advisors LLC’s holdings in T-Mobile US were worth $2,870,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rakuten Securities Inc. boosted its holdings 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 worth $28,000 after buying an additional 62 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in shares of T-Mobile US in the 4th quarter worth about $28,000. Financial Life Planners purchased a new position in shares of T-Mobile US in the 4th quarter worth about $29,000. Adirondack Trust Co. boosted its holdings in shares of T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 110 shares during the last quarter. Finally, Pinney & Scofield Inc. purchased a new position in shares of T-Mobile US in the 4th quarter worth about $39,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. Hsbc Global Res lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Wall Street Zen lowered shares of T-Mobile US from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Finally, Citigroup lowered shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price for the company. in a research report on Friday, March 14th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $257.68.

Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following 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 legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.37% of the company’s stock.

T-Mobile US Trading Up 1.4%

Shares of TMUS opened at $242.61 on Friday. The firm’s 50 day simple moving average is $250.72 and its 200 day simple moving average is $243.85. The company has a market capitalization of $275.47 billion, a P/E ratio of 25.09, a P/E/G ratio of 1.55 and a beta of 0.69. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a 1-year low of $171.18 and a 1-year high of $276.49.

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