Landscape Capital Management L.L.C. Acquires 19,036 Shares of T-Mobile US, Inc. $TMUS

Landscape Capital Management L.L.C. raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 161.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 30,799 shares of the Wireless communications provider’s stock after acquiring an additional 19,036 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in T-Mobile US were worth $7,373,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in T-Mobile US in the second quarter valued at $1,477,780,000. Marshall Wace LLP grew its position in shares of T-Mobile US by 2,303.2% in the 2nd quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock valued at $428,174,000 after buying an additional 1,878,654 shares during the last quarter. Viking Global Investors LP increased its stake in shares of T-Mobile US by 81.7% in 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 buying an additional 1,279,422 shares during the period. State Street Corp raised its position in shares of T-Mobile US by 4.5% during the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after acquiring an additional 994,740 shares during the last quarter. Finally, Capital International Investors lifted its stake in shares of T-Mobile US by 5.5% in the third quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock worth $3,285,608,000 after acquiring an additional 711,278 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.8%

TMUS traded up $1.61 during midday trading on Friday, hitting $215.98. The company had a trading volume of 298,611 shares, compared to its average volume of 6,163,414. The stock’s 50 day moving average price is $203.80 and its 200 day moving average price is $215.00. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $272.60. The company has a market capitalization of $237.98 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 1.38 and a beta of 0.43. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 3,291 shares of the company’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 transaction, the director directly owned 1,038 shares of the company’s stock, valued at approximately $229,501.80. This represents a 76.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter Osvaldik sold 27,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 51,573 shares in the company, valued at approximately $11,080,974.78. The trade was a 34.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 694,134 shares of company stock worth $150,847,799 over the last three months. Insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TMUS. Barclays raised their price target 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. BNP Paribas Exane reduced their price objective on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a research report on Thursday, February 19th. Morgan Stanley dropped their target price on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Finally, Benchmark reissued a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $257.09.

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.