Mariner LLC Buys 49,717 Shares of T-Mobile US, Inc. $TMUS

Mariner LLC boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,199,566 shares of the Wireless communications provider’s stock after buying an additional 49,717 shares during the quarter. Mariner LLC owned approximately 0.11% of T-Mobile US worth $287,136,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TMUS. Loudon Investment Management LLC lifted its stake in shares of T-Mobile US by 174.3% in the third quarter. Loudon Investment Management LLC now owns 20,750 shares of the Wireless communications provider’s stock worth $4,967,000 after acquiring an additional 13,185 shares during the period. National Bank of Canada FI increased its position in T-Mobile US by 6.3% during the 3rd quarter. National Bank of Canada FI now owns 974,604 shares of the Wireless communications provider’s stock valued at $233,291,000 after purchasing an additional 57,909 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in T-Mobile US by 9.0% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 70,966 shares of the Wireless communications provider’s stock worth $16,988,000 after purchasing an additional 5,858 shares during the last quarter. Mindset Wealth Management LLC raised its holdings in T-Mobile US by 30.9% during the 3rd quarter. Mindset Wealth Management LLC now owns 6,140 shares of the Wireless communications provider’s stock worth $1,470,000 after purchasing an additional 1,451 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its position in shares of T-Mobile US by 8.4% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 2,381 shares of the Wireless communications provider’s stock worth $570,000 after purchasing an additional 184 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In related news, insider Mark Wolfe Nelson sold 10,240 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $220.80, for a total transaction of $2,260,992.00. Following the completion of the sale, the insider owned 74,280 shares in the company, valued at approximately $16,401,024. This represents a 12.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Peter Osvaldik sold 27,000 shares of the company’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 owned 51,573 shares of the company’s stock, valued at approximately $11,080,974.78. The trade was a 34.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 694,134 shares of company stock valued at $150,847,799. 0.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Citigroup reduced their price objective on shares of T-Mobile US from $268.00 to $220.00 and set a “neutral” rating on the stock in a research note on Friday, December 19th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research note on Friday, February 13th. Scotiabank dropped their target price on shares of T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a report on Thursday, February 12th. Weiss Ratings cut shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. One investment 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 company. According to MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $257.09.

T-Mobile US Stock Down 1.2%

Shares of NASDAQ:TMUS opened at $214.82 on Tuesday. The business’s 50 day simple moving average is $204.44 and its two-hundred day simple moving average is $213.99. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $272.60. 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 P/E ratio of 22.12, a PEG ratio of 1.41 and a beta of 0.42.

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.