Aquatic Capital Management LLC Sells 127,179 Shares of T-Mobile US, Inc. $TMUS

Aquatic Capital Management LLC cut its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 59.4% in the third quarter, Holdings Channel.com reports. The firm owned 86,820 shares of the Wireless communications provider’s stock after selling 127,179 shares during the quarter. Aquatic Capital Management LLC’s holdings in T-Mobile US were worth $20,783,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. L2 Asset Management LLC lifted its stake in T-Mobile US by 2.2% in the second quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock worth $496,000 after purchasing an additional 45 shares during the last quarter. City Holding Co. grew its stake in shares of T-Mobile US by 48.4% during the third quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock valued at $34,000 after buying an additional 46 shares during the last quarter. PAX Financial Group LLC grew its stake in shares of T-Mobile US by 4.1% during the second quarter. PAX Financial Group LLC now owns 1,190 shares of the Wireless communications provider’s stock valued at $284,000 after buying an additional 47 shares during the last quarter. New Republic Capital LLC raised its holdings in shares of T-Mobile US by 4.7% in the third quarter. New Republic Capital LLC now owns 1,073 shares of the Wireless communications provider’s stock worth $257,000 after buying an additional 48 shares during the period. Finally, Appleton Partners Inc. MA raised its holdings in shares of T-Mobile US by 5.3% in the third quarter. Appleton Partners Inc. MA now owns 971 shares of the Wireless communications provider’s stock worth $232,000 after buying an additional 49 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 3,291 shares of the stock in a transaction 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 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 this link. Also, Director Raul Marcelo Claure sold 550,000 shares of the firm’s stock in a transaction on 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 transaction, the director owned 891,204 shares in the company, valued at approximately $193,899,254.28. This represents a 38.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is owned by company insiders.

T-Mobile US Stock Up 1.4%

Shares of NASDAQ:TMUS opened at $217.39 on Friday. The business’s 50 day moving average is $204.16 and its 200 day moving average is $214.50. The stock has a market cap of $239.53 billion, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 1.41 and a beta of 0.43. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $272.60. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TMUS. UBS Group restated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Citigroup decreased their target price on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. Argus lowered their target price on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Finally, Wells Fargo & Company upped their price target on shares of T-Mobile US from $225.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.