Fortis Capital Advisors LLC Cuts Stock Holdings in T-Mobile US, Inc. $TMUS

Fortis Capital Advisors LLC trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 69.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,151 shares of the Wireless communications provider’s stock after selling 7,025 shares during the quarter. Fortis Capital Advisors LLC’s holdings in T-Mobile US were worth $840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its holdings in shares of T-Mobile US by 1.7% in the 1st quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider’s stock worth $3,426,407,000 after buying an additional 214,224 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of T-Mobile US by 14.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after buying an additional 864,030 shares during the period. Goldman Sachs Group Inc. increased its position in shares of T-Mobile US by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock worth $1,112,886,000 after purchasing an additional 844,932 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of T-Mobile US by 4.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider’s stock worth $1,080,388,000 after purchasing an additional 169,562 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of T-Mobile US by 12.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,881,235 shares of the Wireless communications provider’s stock worth $856,705,000 after purchasing an additional 423,993 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $242.72 on Wednesday. The firm has a market cap of $273.16 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 1.33 and a beta of 0.61. T-Mobile US, Inc. has a fifty-two week low of $194.41 and a fifty-two week high of $276.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The business has a 50 day moving average price of $243.14 and a 200-day moving average price of $247.18.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.49 earnings per share. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Analyst Ratings Changes

TMUS has been the subject of several research reports. Bank of America initiated coverage on T-Mobile US in a research note on Monday, July 7th. They issued a “neutral” rating and a $255.00 target price for the company. Redburn Atlantic raised T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 target price for the company in a research note on Monday, July 7th. Rothschild & Co Redburn raised T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price for the company in a research note on Monday, July 7th. Arete Research raised T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, KeyCorp reaffirmed an “underweight” rating and issued a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $258.02.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $243.47, for a total value of $17,003,944.80. Following the completion of the sale, the director owned 635,154,284 shares of the company’s stock, valued at $154,641,013,525.48. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO G Michael Sievert sold 22,500 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $255.58, for a total value of $5,750,550.00. Following the completion of the sale, the chief executive officer directly owned 358,722 shares of the company’s stock, valued at $91,682,168.76. The trade was a 5.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,627,930 shares of company stock valued at $627,921,781 in the last ninety days. 0.37% of the stock is currently owned by insiders.

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.