Entropy Technologies LP Sells 8,005 Shares of T-Mobile US, Inc. $TMUS

Entropy Technologies LP cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 31.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 17,544 shares of the Wireless communications provider’s stock after selling 8,005 shares during the quarter. Entropy Technologies LP’s holdings in T-Mobile US were worth $4,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Midwest Trust Co bought a new stake in shares of T-Mobile US in the second quarter worth approximately $285,000. Allworth Financial LP lifted its position in T-Mobile US by 14.2% during the second quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock valued at $1,556,000 after purchasing an additional 810 shares during the period. PNC Financial Services Group Inc. lifted its position in T-Mobile US by 76.7% during the second quarter. PNC Financial Services Group Inc. now owns 278,602 shares of the Wireless communications provider’s stock valued at $66,380,000 after purchasing an additional 120,960 shares during the period. Bailard Inc. boosted its holdings in T-Mobile US by 6.2% in the second quarter. Bailard Inc. now owns 2,406 shares of the Wireless communications provider’s stock worth $573,000 after purchasing an additional 140 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey grew its position in T-Mobile US by 0.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 68,969 shares of the Wireless communications provider’s stock worth $16,433,000 after purchasing an additional 407 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director G Michael Sievert sold 80,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the completion of the sale, the director owned 140,696 shares of the company’s stock, valued at approximately $30,241,198.24. The trade was a 36.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Srikant M. Datar sold 3,291 shares of the company’s stock in a transaction dated 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 sale, the director owned 1,038 shares of the company’s stock, valued at approximately $229,501.80. The trade was a 76.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 694,134 shares of company stock valued at $150,847,799 in the last ninety days. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TMUS shares. Weiss Ratings cut T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. The Goldman Sachs Group lifted their price objective on T-Mobile US from $233.00 to $254.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. KeyCorp upgraded T-Mobile US from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 2nd. UBS Group reissued a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Finally, DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research report on Friday, February 13th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.09.

T-Mobile US Trading Up 0.4%

Shares of TMUS stock opened at $214.37 on Friday. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $272.60. The firm has a fifty day moving average price of $203.80 and a 200-day moving average price of $215.00. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90. The company has a market cap of $236.21 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 1.38 and a beta of 0.43.

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.