Polar Asset Management Partners Inc. Has $24.48 Million Holdings in T-Mobile US, Inc. $TMUS

Polar Asset Management Partners Inc. grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 84.3% in the 3rd quarter, Holdings Channel reports. The firm owned 102,261 shares of the Wireless communications provider’s stock after acquiring an additional 46,761 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in T-Mobile US were worth $24,479,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Howard Hughes Medical Institute acquired a new stake in shares of T-Mobile US during the second quarter worth $25,000. United Community Bank lifted its holdings in T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 59 shares during the period. Elevation Wealth Partners LLC boosted its position in T-Mobile US by 190.0% during the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 76 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in T-Mobile US during the second quarter valued at $31,000. Finally, Kilter Group LLC acquired a new stake in T-Mobile US during the 2nd quarter worth about $34,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 3,291 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the transaction, the director directly owned 1,038 shares of the company’s stock, valued at approximately $229,501.80. This represents a 76.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter Osvaldik sold 27,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $214.86, for a total value of $5,801,220.00. Following the completion of the transaction, the chief financial officer owned 51,573 shares in the company, valued at approximately $11,080,974.78. The trade was a 34.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 694,134 shares of company stock worth $150,847,799 over the last three months. Insiders own 0.37% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $206.62 on Thursday. The firm has a market capitalization of $227.67 billion, a P/E ratio of 21.28, a P/E/G ratio of 1.39 and a beta of 0.43. The firm’s 50-day moving average price is $204.92 and its 200-day moving average price is $213.67. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $272.60.

Analyst Ratings Changes

TMUS has been the subject of several research analyst reports. Benchmark reissued a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. The Goldman Sachs Group raised their target price on T-Mobile US from $233.00 to $254.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Daiwa Securities Group raised T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 target price for the company in a research note on Thursday, February 19th. Scotiabank dropped their price target on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a research note on Thursday, February 12th. Finally, Wall Street Zen lowered T-Mobile US from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $257.30.

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.