Quantitative Systematic Strategies LLC decreased its holdings in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 23.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,488 shares of the Wireless communications provider’s stock after selling 15,597 shares during the period. T-Mobile Us accounts for about 0.9% of Quantitative Systematic Strategies LLC’s portfolio, making the stock its 19th biggest position. Quantitative Systematic Strategies LLC’s holdings in T-Mobile Us were worth $3,489,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. Appleton Partners Inc. MA raised its stake in T-Mobile Us by 10.1% during the 4th quarter. Appleton Partners Inc. MA now owns 14,185 shares of the Wireless communications provider’s stock worth $902,000 after buying an additional 1,304 shares during the period. Verde Servicos Internacionais S.A. raised its stake in T-Mobile Us by 11.3% during the 1st quarter. Verde Servicos Internacionais S.A. now owns 54,426 shares of the Wireless communications provider’s stock worth $3,760,000 after buying an additional 5,540 shares during the period. First Hawaiian Bank raised its stake in T-Mobile Us by 92.9% during the 4th quarter. First Hawaiian Bank now owns 26,929 shares of the Wireless communications provider’s stock worth $1,713,000 after buying an additional 12,966 shares during the period. Highland Associates Inc. acquired a new position in T-Mobile Us during the 4th quarter worth approximately $26,422,000. Finally, LMR Partners LLP acquired a new position in T-Mobile Us during the 4th quarter worth approximately $231,000. Institutional investors own 33.96% of the company’s stock.
Shares of T-Mobile Us stock traded up $0.08 on Monday, hitting $73.79. The company had a trading volume of 2,194,464 shares, compared to its average volume of 3,500,191. The company has a market cap of $62.70 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 1.24 and a beta of 0.43. T-Mobile Us Inc has a 1 year low of $55.09 and a 1 year high of $74.06. The company has a quick ratio of 0.70, a current ratio of 0.81 and a debt-to-equity ratio of 1.18.
A number of research firms recently weighed in on TMUS. Zacks Investment Research raised T-Mobile Us from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Thursday. UBS Group reissued a “buy” rating on shares of T-Mobile Us in a research note on Tuesday, January 8th. BidaskClub raised T-Mobile Us from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. Argus reissued a “buy” rating on shares of T-Mobile Us in a research note on Tuesday, February 19th. Finally, Raymond James reissued a “strong-buy” rating and issued a $85.00 price objective on shares of T-Mobile Us in a research note on Wednesday, December 19th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $79.21.
In related news, EVP Elizabeth A. Mcauliffe sold 2,250 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $69.52, for a total transaction of $156,420.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO G Michael Sievert sold 4,766 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $73.58, for a total value of $350,682.28. Following the sale, the chief operating officer now directly owns 543,391 shares of the company’s stock, valued at $39,982,709.78. The disclosure for this sale can be found here. Insiders have sold 60,244 shares of company stock valued at $4,242,113 over the last ninety days. 0.37% of the stock is currently owned by company insiders.
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 79.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.
Featured Article: What is the balance sheet?
Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile Us Inc (NASDAQ:TMUS).
Receive News & Ratings for T-Mobile Us Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile Us and related companies with MarketBeat.com's FREE daily email newsletter.