Gabelli Funds LLC Trims Stock Holdings in T-Mobile US, Inc. $TMUS

Gabelli Funds LLC lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,394 shares of the Wireless communications provider’s stock after selling 26,150 shares during the quarter. Gabelli Funds LLC’s holdings in T-Mobile US were worth $38,395,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new stake in shares of T-Mobile US during the 2nd quarter worth about $4,859,000. SouthState Corp raised its position in shares of T-Mobile US by 11.1% in the second quarter. SouthState Corp now owns 10,494 shares of the Wireless communications provider’s stock valued at $2,500,000 after buying an additional 1,047 shares during the last quarter. Golden State Wealth Management LLC raised its position in shares of T-Mobile US by 97.4% in the second quarter. Golden State Wealth Management LLC now owns 681 shares of the Wireless communications provider’s stock valued at $162,000 after buying an additional 336 shares during the last quarter. Modera Wealth Management LLC lifted its stake in shares of T-Mobile US by 62.8% during the second quarter. Modera Wealth Management LLC now owns 1,830 shares of the Wireless communications provider’s stock valued at $436,000 after buying an additional 706 shares during the period. Finally, Yelin Lapidot Holdings Management Ltd. lifted its stake in shares of T-Mobile US by 16.5% during the second quarter. Yelin Lapidot Holdings Management Ltd. now owns 1,845 shares of the Wireless communications provider’s stock valued at $440,000 after buying an additional 261 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on TMUS shares. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. BNP Paribas Exane decreased their price objective on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. Barclays lifted their price objective on T-Mobile US from $240.00 to $245.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a research note on Thursday, February 19th. Finally, Wells Fargo & Company increased their target price on T-Mobile US from $225.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $257.09.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $221.57 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. The firm has a market capitalization of $244.14 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 1.43 and a beta of 0.43. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $272.60. The company has a 50 day moving average price of $202.78 and a 200 day moving average price of $216.13.

Insider Activity at T-Mobile US

In other news, Director Raul Marcelo Claure sold 550,000 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the completion of the sale, the director directly owned 891,204 shares in the company, valued at $193,899,254.28. This represents a 38.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Srikant M. Datar sold 3,291 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total value of $727,640.10. Following the completion of the transaction, the director directly owned 1,038 shares in the company, valued at $229,501.80. This trade represents a 76.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.