Legacy Advisory Services LLC Buys New Position in T-Mobile US, Inc. $TMUS

Legacy Advisory Services LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,406 shares of the Wireless communications provider’s stock, valued at approximately $642,000. T-Mobile US accounts for 0.5% of Legacy Advisory Services LLC’s holdings, making the stock its 18th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Snowden Capital Advisors LLC increased its holdings in shares of T-Mobile US by 0.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider’s stock valued at $1,411,000 after purchasing an additional 40 shares during the period. Financial Management Professionals Inc. increased its stake in T-Mobile US by 15.6% during the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider’s stock worth $81,000 after acquiring an additional 41 shares during the last quarter. Hohimer Wealth Management LLC increased its stake in T-Mobile US by 2.3% during the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider’s stock worth $480,000 after acquiring an additional 41 shares during the last quarter. Journey Strategic Wealth LLC grew its stake in shares of T-Mobile US by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock valued at $273,000 after buying an additional 41 shares in the last quarter. Finally, Angeles Wealth Management LLC boosted its holdings in T-Mobile US by 1.2% in the first quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider’s stock valued at $888,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Trading Down 3.9%

TMUS opened at $242.90 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The company has a fifty day moving average price of $243.11 and a two-hundred day moving average price of $247.21. The company has a market cap of $273.36 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61. T-Mobile US, Inc. has a 1-year low of $193.27 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its earnings results 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 for the quarter, compared to analysts’ expectations of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.49 earnings per share. Analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. KeyCorp restated an “underweight” rating and issued a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, July 9th. Wall Street Zen lowered T-Mobile US from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Arete Research raised T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Morgan Stanley boosted their target price on T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Finally, Redburn Atlantic upgraded shares of 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 report on Monday, July 7th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and a consensus price target of $258.02.

Insider Activity

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

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.