1,838 Shares in T-Mobile US, Inc. (NASDAQ:TMUS) Purchased by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,838 shares of the Wireless communications provider’s stock, valued at approximately $323,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMUS. Wellington Management Group LLP grew its position in T-Mobile US by 200.0% in the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after acquiring an additional 4,241,877 shares in the last quarter. Putnam Investments LLC grew its position in T-Mobile US by 74.6% in the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after acquiring an additional 1,682,743 shares in the last quarter. Vanguard Group Inc. grew its position in T-Mobile US by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after acquiring an additional 1,667,778 shares in the last quarter. Clearbridge Investments LLC grew its position in T-Mobile US by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock valued at $596,159,000 after acquiring an additional 578,348 shares in the last quarter. Finally, Capital International Investors grew its position in T-Mobile US by 27.1% in the 4th quarter. Capital International Investors now owns 2,660,314 shares of the Wireless communications provider’s stock valued at $426,528,000 after acquiring an additional 567,390 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. KeyCorp lifted their target price on T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday. Citigroup boosted their price objective on T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Evercore ISI raised T-Mobile US to a “hold” rating in a research report on Thursday, August 1st. Bank of America boosted their price objective on T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Finally, Barclays boosted their price objective on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of “Buy” and a consensus price target of $205.69.

T-Mobile US Price Performance

TMUS stock opened at $202.70 on Wednesday. The business has a 50 day moving average price of $191.16 and a 200 day moving average price of $175.90. The stock has a market cap of $237.53 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 0.74 and a beta of 0.51. T-Mobile US, Inc. has a fifty-two week low of $135.82 and a fifty-two week high of $206.30. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter in the previous year, the business earned $1.86 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts anticipate that T-Mobile US, Inc. will post 9.18 earnings per share for the current fiscal year.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the sale, the director now owns 1,824,632 shares in the company, valued at $357,627,872. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the transaction, the insider now owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the transaction, the director now directly owns 1,824,632 shares in the company, valued at approximately $357,627,872. The disclosure for this sale can be found here. Over the last quarter, insiders sold 840,336 shares of company stock worth $154,461,060. 0.67% of the stock is owned by insiders.

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.