Martingale Asset Management L P Sells 11,504 Shares of T-Mobile US, Inc. $TMUS

Martingale Asset Management L P lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 8.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,355 shares of the Wireless communications provider’s stock after selling 11,504 shares during the period. T-Mobile US comprises approximately 0.8% of Martingale Asset Management L P’s holdings, making the stock its 26th largest holding. Martingale Asset Management L P’s holdings in T-Mobile US were worth $30,726,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Invesco Ltd. increased its stake in shares of T-Mobile US by 6.1% during the third quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock valued at $1,891,845,000 after buying an additional 453,096 shares during the period. Seven Mile Advisory lifted its stake in T-Mobile US by 69.3% in the third quarter. Seven Mile Advisory now owns 1,568 shares of the Wireless communications provider’s stock worth $375,000 after acquiring an additional 642 shares during the period. Sei Investments Co. lifted its stake in T-Mobile US by 18.6% in the third quarter. Sei Investments Co. now owns 169,149 shares of the Wireless communications provider’s stock worth $40,494,000 after acquiring an additional 26,562 shares during the period. KLCM Advisors Inc. boosted its holdings in T-Mobile US by 35.5% in the third quarter. KLCM Advisors Inc. now owns 1,718 shares of the Wireless communications provider’s stock valued at $411,000 after acquiring an additional 450 shares in the last quarter. Finally, SevenBridge Financial Group LLC boosted its holdings in T-Mobile US by 38.6% in the third quarter. SevenBridge Financial Group LLC now owns 11,412 shares of the Wireless communications provider’s stock valued at $2,732,000 after acquiring an additional 3,179 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Argus decreased their price objective on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. Oppenheimer lowered shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, November 21st. The Goldman Sachs Group boosted their price target on shares of T-Mobile US from $233.00 to $254.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Wells Fargo & Company raised their price objective 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. Finally, Royal Bank Of Canada cut their price objective on T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $257.09.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 3,291 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total transaction of $727,640.10. Following the completion of the transaction, the director directly owned 1,038 shares in the company, valued at approximately $229,501.80. This trade represents a 76.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raul Marcelo Claure sold 550,000 shares of T-Mobile US stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the transaction, the director owned 891,204 shares of the company’s stock, valued at $193,899,254.28. The trade was a 38.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 694,134 shares of company stock valued at $150,847,799 over the last three months. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $214.37 on Friday. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 month high of $272.60. The stock has a market cap of $236.21 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 1.38 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’s fifty day moving average price is $203.80 and its 200-day moving average price is $215.00.

About T-Mobile US

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.