Orion Porfolio Solutions LLC Boosts Holdings in T-Mobile US, Inc. $TMUS

Orion Porfolio Solutions LLC grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 11.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,253 shares of the Wireless communications provider’s stock after purchasing an additional 3,126 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in T-Mobile US were worth $7,481,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in T-Mobile US in the 2nd quarter valued at about $1,477,780,000. Marshall Wace LLP increased its stake in T-Mobile US by 2,303.2% during the 2nd quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock worth $428,174,000 after buying an additional 1,878,654 shares in the last quarter. Viking Global Investors LP raised its holdings in shares of T-Mobile US by 81.7% during the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after acquiring an additional 1,279,422 shares during the last quarter. State Street Corp lifted its position in shares of T-Mobile US by 4.5% in the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock valued at $5,513,650,000 after acquiring an additional 994,740 shares in the last quarter. Finally, Crake Asset Management LLP acquired a new stake in shares of T-Mobile US in the second quarter worth approximately $160,945,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the topic of a number of research reports. Scotiabank decreased their price objective on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a report on Thursday, February 12th. UBS Group reiterated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research note on Friday, February 13th. Morgan Stanley lowered their price target on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Finally, Tigress Financial increased their price objective on shares of T-Mobile US from $305.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $257.09.

Insider Activity

In other T-Mobile US news, Director G Michael Sievert sold 1,089 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $221.85, for a total value of $241,594.65. Following the transaction, the director directly owned 125,696 shares in the company, valued at $27,885,657.60. The trade was a 0.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Srikant M. Datar sold 3,291 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the sale, the director owned 1,038 shares of the company’s stock, valued at $229,501.80. This represents a 76.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 694,134 shares of company stock valued at $150,847,799 in the last quarter. Insiders own 0.37% of the company’s stock.

T-Mobile US Stock Up 0.5%

NASDAQ TMUS opened at $221.57 on Friday. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $272.60. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The business’s fifty day simple moving average is $202.78 and its 200-day simple moving average is $216.13. The firm has a market cap of $244.14 billion, a PE ratio of 22.82, a P/E/G ratio of 1.43 and a beta of 0.43.

T-Mobile US Company 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.