SevenBridge Financial Group LLC Raises Holdings in T-Mobile US, Inc. $TMUS

SevenBridge Financial Group LLC increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 38.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 11,412 shares of the Wireless communications provider’s stock after purchasing an additional 3,179 shares during the period. SevenBridge Financial Group LLC’s holdings in T-Mobile US were worth $2,732,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TMUS. Howard Hughes Medical Institute purchased a new stake in T-Mobile US in the second quarter valued at approximately $25,000. United Community Bank grew its position in shares of T-Mobile US by 131.1% during the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 59 shares during the last quarter. Elevation Wealth Partners LLC increased its holdings in shares of T-Mobile US by 190.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 76 shares during the period. CoreFirst Bank & Trust purchased a new stake in T-Mobile US in the 2nd quarter valued at $31,000. Finally, City Holding Co. boosted its stake in T-Mobile US by 48.4% during the 3rd quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock worth $34,000 after purchasing an additional 46 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In related news, Director Raul Marcelo Claure sold 550,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $217.57, for a total value of $119,663,500.00. Following the completion of the sale, the director owned 891,204 shares in the company, valued at $193,899,254.28. This trade represents a 38.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Wolfe Nelson sold 2,329 shares of T-Mobile US stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $222.38, for a total value of $517,923.02. Following the completion of the sale, the insider directly owned 65,677 shares in the company, valued at $14,605,251.26. This represents a 3.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 694,134 shares of company stock valued at $150,847,799 over the last 90 days. Insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Daiwa Securities Group raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 target price for the company in a report on Thursday, February 19th. TD Cowen dropped their price target on T-Mobile US from $263.00 to $252.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Wells Fargo & Company upped their price objective on T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Morgan Stanley lowered their target price on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Finally, Oppenheimer lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $257.09.

T-Mobile US Stock Down 2.4%

Shares of NASDAQ:TMUS opened at $213.44 on Thursday. The company has a market cap of $235.18 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 1.42 and a beta of 0.43. The firm’s 50-day simple moving average is $203.58 and its 200-day simple moving average is $215.00. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $272.60.

About T-Mobile US

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.