Vinva Investment Management Ltd Boosts Stake in T-Mobile US, Inc. $TMUS

Vinva Investment Management Ltd increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 20.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,698 shares of the Wireless communications provider’s stock after acquiring an additional 3,445 shares during the period. Vinva Investment Management Ltd’s holdings in T-Mobile US were worth $4,925,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in T-Mobile US by 1.5% in the third quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock valued at $10,244,764,000 after acquiring an additional 636,192 shares during the period. State Street Corp grew its stake in shares of T-Mobile US by 4.5% during the 2nd quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after purchasing an additional 994,740 shares during the period. Franklin Resources Inc. increased its holdings in shares of T-Mobile US by 5.2% in the 2nd quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock valued at $1,500,784,000 after purchasing an additional 309,922 shares in the last quarter. Norges Bank acquired a new stake in shares of T-Mobile US in the second quarter valued at about $1,477,780,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of T-Mobile US by 1.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,331,856 shares of the Wireless communications provider’s stock valued at $793,848,000 after purchasing an additional 36,424 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.5%

Shares of NASDAQ:TMUS opened at $221.57 on Monday. 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 company has a market capitalization of $244.14 billion, a P/E ratio of 22.82, a P/E/G ratio of 1.43 and a beta of 0.42. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $272.60. The stock’s fifty day simple moving average is $202.78 and its 200-day simple moving average is $215.53.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several recent analyst reports. UBS Group restated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Tigress Financial boosted their price target on T-Mobile US from $305.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Weiss Ratings cut T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Friday, February 13th. Finally, Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $257.09.

Insider Buying and Selling

In other T-Mobile US news, Director G Michael Sievert sold 80,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the sale, the director directly owned 140,696 shares of the company’s stock, valued at $30,241,198.24. This trade represents a 36.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark Wolfe Nelson sold 10,240 shares of T-Mobile US stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $220.80, for a total transaction of $2,260,992.00. Following the sale, the insider owned 74,280 shares of the company’s stock, valued at approximately $16,401,024. This trade represents a 12.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 694,134 shares of company stock worth $150,847,799 in the last 90 days. 0.37% of the stock is currently 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.