Brevan Howard Capital Management LP Sells 167,413 Shares of T-Mobile US, Inc. $TMUS

Brevan Howard Capital Management LP lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 92.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,970 shares of the Wireless communications provider’s stock after selling 167,413 shares during the quarter. Brevan Howard Capital Management LP’s holdings in T-Mobile US were worth $3,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. L2 Asset Management LLC grew its stake in shares of 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. raised its holdings 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 last quarter. PAX Financial Group LLC lifted its position in shares of T-Mobile US by 4.1% in the 2nd quarter. PAX Financial Group LLC now owns 1,190 shares of the Wireless communications provider’s stock worth $284,000 after purchasing an additional 47 shares during the period. New Republic Capital LLC boosted its stake in shares of T-Mobile US by 4.7% in the 3rd quarter. New Republic Capital LLC now owns 1,073 shares of the Wireless communications provider’s stock valued at $257,000 after purchasing an additional 48 shares during the last quarter. Finally, Appleton Partners Inc. MA boosted its stake in shares of T-Mobile US by 5.3% in the 3rd quarter. Appleton Partners Inc. MA now owns 971 shares of the Wireless communications provider’s stock valued at $232,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 1.2%

NASDAQ:TMUS opened at $214.82 on Tuesday. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $272.60. The firm has a 50-day moving average price of $204.44 and a two-hundred day moving average price of $213.99. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. The firm has a market cap of $236.70 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 1.41 and a beta of 0.42.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TMUS. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Argus cut their price target on T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. 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. Wall Street Zen downgraded shares of T-Mobile US from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.09.

Insider Buying and Selling

In other news, CFO Peter Osvaldik sold 27,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $214.86, for a total transaction of $5,801,220.00. Following the completion of the sale, the chief financial officer directly owned 51,573 shares of the company’s stock, valued at $11,080,974.78. This trade represents a 34.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director G Michael Sievert sold 80,000 shares of T-Mobile US stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $214.94, for a total value of $17,195,200.00. Following the sale, the director owned 140,696 shares in the company, valued at $30,241,198.24. The trade was a 36.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 694,134 shares of company stock valued at $150,847,799 over the last quarter. Corporate insiders own 0.37% of the company’s stock.

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.