Lighthouse Investment Partners LLC Takes $6.04 Million Position in T-Mobile US, Inc. $TMUS

Lighthouse Investment Partners LLC acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 25,240 shares of the Wireless communications provider’s stock, valued at approximately $6,042,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in T-Mobile US by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock valued at $10,244,764,000 after purchasing an additional 636,192 shares during the period. State Street Corp increased its stake 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 purchasing an additional 994,740 shares during the period. Capital International Investors raised its holdings in shares of T-Mobile US by 5.5% during the third quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock valued at $3,285,608,000 after buying an additional 711,278 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of T-Mobile US by 47.5% during the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after buying an additional 4,335,368 shares during the period. Finally, Invesco Ltd. grew its holdings in T-Mobile US by 6.1% in the 3rd quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock worth $1,891,845,000 after buying an additional 453,096 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Down 1.2%

Shares of NASDAQ:TMUS opened at $214.82 on Tuesday. The firm has a 50 day simple moving average of $204.44 and a 200 day simple moving average of $213.99. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $272.60. 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 company has a market cap of $236.70 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 1.41 and a beta of 0.42.

Wall Street Analyst Weigh In

Several analysts have weighed in on TMUS shares. Scotiabank cut their target price on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a research note on Thursday, February 12th. Barclays upped their price objective on shares of T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Royal Bank Of Canada lowered their target price on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research report on Friday, February 13th. Finally, Oppenheimer lowered shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, November 21st. One research 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. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average price target of $257.09.

Insider Buying and Selling

In other news, CFO Peter Osvaldik sold 27,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $214.86, for a total value of $5,801,220.00. Following the completion of the sale, the chief financial officer owned 51,573 shares of the company’s stock, valued at $11,080,974.78. This trade represents a 34.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director G Michael Sievert sold 1,089 shares of T-Mobile US stock in a transaction on 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 owned 125,696 shares in the company, valued at $27,885,657.60. This represents a 0.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 694,134 shares of company stock valued at $150,847,799. 0.37% of the stock is currently owned by company 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.