179,147 Shares in T-Mobile US, Inc. $TMUS Acquired by CIBC Bancorp USA Inc.

CIBC Bancorp USA Inc. purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 179,147 shares of the Wireless communications provider’s stock, valued at approximately $42,884,000.

A number of other hedge funds also recently made changes to their positions in the stock. Tcfg Wealth Management LLC increased its holdings in shares of T-Mobile US by 5.6% during the 3rd quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider’s stock worth $239,000 after buying an additional 53 shares during the last quarter. WBI Investments LLC raised its position in shares of T-Mobile US by 10.4% in the 3rd quarter. WBI Investments LLC now owns 2,451 shares of the Wireless communications provider’s stock worth $587,000 after buying an additional 230 shares during the period. Old North State Trust LLC boosted its holdings in T-Mobile US by 6.5% in the third quarter. Old North State Trust LLC now owns 5,011 shares of the Wireless communications provider’s stock valued at $1,200,000 after acquiring an additional 307 shares during the last quarter. Caerus Investment Advisors LLC grew its position in T-Mobile US by 207.8% during the third quarter. Caerus Investment Advisors LLC now owns 3,257 shares of the Wireless communications provider’s stock valued at $780,000 after acquiring an additional 2,199 shares during the period. Finally, Sunbelt Securities Inc. grew its position in T-Mobile US by 25.4% during the third quarter. Sunbelt Securities Inc. now owns 1,215 shares of the Wireless communications provider’s stock valued at $291,000 after acquiring an additional 246 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 3,291 shares of the business’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 transaction, the director owned 1,038 shares in the company, valued at approximately $229,501.80. The trade was a 76.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director G Michael Sievert sold 80,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $214.94, for a total value of $17,195,200.00. Following the completion of the transaction, the director directly owned 140,696 shares of the company’s stock, valued at $30,241,198.24. This represents a 36.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 694,134 shares of company stock worth $150,847,799 over the last quarter. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TMUS shares. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Scotiabank decreased their target price on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating for the company in a report on Thursday, February 12th. Benchmark reissued a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. DZ Bank restated a “buy” rating on shares of T-Mobile US in a report on Friday, February 13th. Finally, The Goldman Sachs Group increased their target price on T-Mobile US from $233.00 to $254.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. 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 stock. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $257.30.

T-Mobile US Price Performance

TMUS opened at $213.35 on Wednesday. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $272.60. The firm has a market cap of $235.08 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 1.40 and a beta of 0.43. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. The company has a fifty day simple moving average of $204.73 and a 200 day simple moving average of $213.72.

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.