T-Mobile US, Inc. (NASDAQ:TMUS) Position Lessened by Main Street Group LTD

Main Street Group LTD trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 24.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 328 shares of the Wireless communications provider’s stock after selling 105 shares during the period. Main Street Group LTD’s holdings in T-Mobile US were worth $72,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after purchasing an additional 876,182 shares during the last quarter. Aprio Wealth Management LLC acquired a new stake in T-Mobile US during the 4th quarter worth about $247,000. Fiduciary Alliance LLC purchased a new stake in T-Mobile US during the fourth quarter valued at about $1,121,000. Trust Co. of Toledo NA OH boosted its holdings in shares of T-Mobile US by 6.9% in the fourth quarter. Trust Co. of Toledo NA OH now owns 1,130 shares of the Wireless communications provider’s stock worth $249,000 after buying an additional 73 shares during the period. Finally, Brookstone Capital Management boosted its stake in T-Mobile US by 79.5% in the 4th quarter. Brookstone Capital Management now owns 2,005 shares of the Wireless communications provider’s stock worth $443,000 after purchasing an additional 888 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now owns 3,291 shares of the company’s stock, valued at $865,533. The trade was a 18.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on TMUS. Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Tigress Financial lifted their price target on T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. UBS Group downgraded T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Citigroup lowered shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target for the company. in a research report on Friday, March 14th. Ten 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 stock. According to data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $257.68.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $237.34 on Wednesday. The firm has a market capitalization of $269.49 billion, a PE ratio of 24.54, a PEG ratio of 1.55 and a beta of 0.69. 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 business’s 50 day moving average is $255.36 and its 200-day moving average is $242.84. T-Mobile US, Inc. has a 1-year low of $161.72 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same period in the previous year, the business earned $2.00 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current 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.