Intech Investment Management LLC Has $14.77 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Intech Investment Management LLC grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 30.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,837 shares of the Wireless communications provider’s stock after buying an additional 19,639 shares during the period. Intech Investment Management LLC’s holdings in T-Mobile US were worth $14,770,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TMUS. WASHINGTON TRUST Co increased its position in T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares during the period. Y.D. More Investments Ltd bought a new position in T-Mobile US during the second quarter worth $27,000. Summit Securities Group LLC acquired a new position in T-Mobile US in the second quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in T-Mobile US in the second quarter valued at $30,000. Finally, Westside Investment Management Inc. boosted its position in T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Raul Marcelo Claure sold 1,572 shares of the company’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 sale, the director now owns 1,824,632 shares in the company, valued at approximately $357,627,872. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total transaction of $23,470,451.46. Following the completion of the sale, the director now directly owns 670,545,206 shares in the company, valued at approximately $117,922,079,927.16. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction 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 transaction, the director now owns 1,824,632 shares in the company, valued at $357,627,872. The disclosure for this sale can be found here. Insiders sold 706,875 shares of company stock worth $130,909,198 over the last three months. Company insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $199.64 on Friday. The firm has a market capitalization of $233.95 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 0.74 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The stock has a fifty day moving average of $191.90 and a 200 day moving average of $176.21. T-Mobile US, Inc. has a 52-week low of $135.82 and a 52-week high of $206.30.

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

Analyst Ratings Changes

Several equities research analysts recently commented on TMUS shares. Citigroup upped their target price on T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Scotiabank raised their price objective on shares of T-Mobile US from $197.00 to $215.50 and gave the stock a “sector outperform” rating in a research report on Thursday. Morgan Stanley boosted their target price on shares of T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Evercore ISI raised their price target on shares of T-Mobile US from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday. Eighteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $210.25.

About T-Mobile US

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.