Ameritas Investment Partners Inc. Sells 595 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Ameritas Investment Partners Inc. trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,458 shares of the Wireless communications provider’s stock after selling 595 shares during the period. Ameritas Investment Partners Inc.’s holdings in T-Mobile US were worth $6,952,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Compton Wealth Advisory Group LLC increased its position in shares of T-Mobile US by 0.4% during the second quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock worth $2,644,000 after purchasing an additional 56 shares in the last quarter. Benjamin Edwards Inc. increased its position in T-Mobile US by 0.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider’s stock valued at $1,468,000 after buying an additional 56 shares in the last quarter. Anfield Capital Management LLC raised its stake in T-Mobile US by 18.7% in the second quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock valued at $64,000 after buying an additional 57 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in T-Mobile US by 22.6% in the second quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock worth $55,000 after acquiring an additional 58 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its stake in shares of T-Mobile US by 2.3% during the first quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock worth $464,000 after acquiring an additional 64 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $199.44 on Friday. The firm has a market cap of $233.71 billion, a PE ratio of 27.13, a P/E/G ratio of 0.74 and a beta of 0.51. The business has a 50-day moving average price of $192.29 and a 200 day moving average price of $176.46. 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, Inc. has a twelve month low of $135.82 and a twelve month high of $206.30.

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

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of recent analyst reports. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. KeyCorp lifted their price objective on shares of T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Wells Fargo & Company boosted their price objective on shares of T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Scotiabank raised their target price on T-Mobile US from $197.00 to $215.50 and gave the stock a “sector outperform” rating in a research note on Thursday. Finally, Barclays boosted their price target on T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Eighteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, T-Mobile US currently has a consensus rating of “Buy” and an average price target of $211.92.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $178.04, for a total value of $23,761,396.44. Following the transaction, the director now directly owns 670,812,128 shares of the company’s stock, valued at approximately $119,431,391,269.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $178.04, for a total value of $23,761,396.44. Following the completion of the sale, the director now directly owns 670,812,128 shares in the company, valued at $119,431,391,269.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Deeanne King sold 15,437 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the transaction, the executive vice president now owns 35,588 shares in the company, valued at $6,761,720. The disclosure for this sale can be found here. Insiders have sold a total of 706,875 shares of company stock worth $130,909,198 over the last 90 days. 0.67% of the stock is currently owned by company insiders.

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.