Junto Capital Management LP Makes New Investment in T-Mobile US, Inc. $TMUS

Junto Capital Management LP bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 398,312 shares of the Wireless communications provider’s stock, valued at approximately $95,348,000. T-Mobile US makes up about 2.0% of Junto Capital Management LP’s holdings, making the stock its 14th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in T-Mobile US by 4.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 450,679 shares of the Wireless communications provider’s stock worth $107,884,000 after buying an additional 19,486 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in T-Mobile US by 7.8% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 204,754 shares of the Wireless communications provider’s stock valued at $49,014,000 after acquiring an additional 14,800 shares during the period. Varma Mutual Pension Insurance Co boosted its holdings in shares of T-Mobile US by 8.8% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 82,917 shares of the Wireless communications provider’s stock valued at $19,849,000 after acquiring an additional 6,700 shares during the last quarter. Longbow Finance SA grew its stake in shares of T-Mobile US by 22.2% in the third quarter. Longbow Finance SA now owns 31,948 shares of the Wireless communications provider’s stock worth $7,648,000 after acquiring an additional 5,805 shares during the period. Finally, Xponance Inc. grew its stake in shares of T-Mobile US by 17.7% in the third quarter. Xponance Inc. now owns 80,749 shares of the Wireless communications provider’s stock worth $19,330,000 after acquiring an additional 12,143 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 1.4%

NASDAQ:TMUS opened at $217.39 on Monday. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $272.60. The business has a fifty day moving average price of $204.16 and a 200-day moving average price of $214.25. The firm has a market capitalization of $239.53 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 1.41 and a beta of 0.42. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. BNP Paribas Exane lowered their price objective on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Argus decreased 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. Daiwa Securities Group raised T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price target on the stock in a report on Thursday, February 19th. Oppenheimer lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, November 21st. Finally, Weiss Ratings downgraded T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. 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 company’s stock. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $257.09.

Insider Buying and Selling

In other news, CFO Peter Osvaldik sold 27,000 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total value 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 represents a 34.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director G Michael Sievert sold 1,089 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $221.85, for a total transaction of $241,594.65. Following the sale, the director owned 125,696 shares in the company, valued at $27,885,657.60. The trade was a 0.86% 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 worth $150,847,799 in the last ninety days. 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.