Allspring Global Investments Holdings LLC Acquires 165,677 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)
Allspring Global Investments Holdings LLC boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) by 67.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 412,430 shares of the Wireless communications provider’s stock after purchasing an additional 165,677 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in T-Mobile US were worth $57,740,000 at the end of the most recent quarter.
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Other large investors also recently added to or reduced their stakes in the company. Phocas Financial Corp. bought a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $28,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in T-Mobile US in the 3rd quarter valued at $27,000. Evermay Wealth Management LLC lifted its stake in T-Mobile US by 103.9% in the 3rd quarter. Evermay Wealth Management LLC now owns 208 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 106 shares in the last quarter. Romano Brothers AND Company bought a new position in shares of T-Mobile US during the 4th quarter valued at about $30,000. Finally, Koshinski Asset Management Inc. bought a new position in shares of T-Mobile US during the 3rd quarter valued at about $839,000. 42.86% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, insider Callie R. Field sold 5,381 shares of the firm’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $145.59, for a total value of $783,419.79. Following the transaction, the insider now owns 112,761 shares of the company’s stock, valued at approximately $16,416,873.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other T-Mobile US news, insider Callie R. Field sold 5,381 shares of the company’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $145.59, for a total value of $783,419.79. Following the transaction, the insider now directly owns 112,761 shares in the company, valued at approximately $16,416,873.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Teresa Taylor sold 11,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $147.63, for a total transaction of $1,623,930.00. Following the transaction, the director now directly owns 23,202 shares in the company, valued at $3,425,311.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 94,380 shares of company stock valued at $13,475,440. 0.68% of the stock is currently owned by company insiders.
T-Mobile US Stock Up 0.2 %
Shares of NASDAQ:TMUS opened at $144.84 on Friday. The firm has a market capitalization of $176.61 billion, a PE ratio of 70.31, a price-to-earnings-growth ratio of 0.69 and a beta of 0.56. The business has a 50 day simple moving average of $144.59 and a two-hundred day simple moving average of $143.64. T-Mobile US, Inc. has a 1 year low of $120.90 and a 1 year high of $154.38. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.77 and a quick ratio of 0.69.
T-Mobile US (NASDAQ:TMUS – Get Rating) last issued its quarterly earnings results on Wednesday, February 1st. The Wireless communications provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.08. The firm had revenue of $20.27 billion during the quarter, compared to analyst estimates of $20.66 billion. T-Mobile US had a return on equity of 6.43% and a net margin of 3.26%. T-Mobile US’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the company earned $1.10 EPS. On average, equities analysts predict that T-Mobile US, Inc. will post 6.69 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. Citigroup boosted their target price on T-Mobile US from $174.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Moffett Nathanson reiterated a “market perform” rating and set a $174.00 target price on shares of T-Mobile US in a research report on Monday, February 6th. UBS Group set a $180.00 price target on shares of T-Mobile US in a research report on Thursday, February 2nd. Credit Suisse Group set a $175.00 price target on shares of T-Mobile US in a research note on Friday, December 9th. Finally, KeyCorp dropped their price objective on shares of T-Mobile US from $165.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, February 2nd. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.17.
T-Mobile US Company Profile
T-Mobile US, Inc engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.
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