Ashton Thomas Private Wealth LLC Has $1.10 Million Holdings in T-Mobile US, Inc. $TMUS

Ashton Thomas Private Wealth LLC lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 12.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,109 shares of the Wireless communications provider’s stock after buying an additional 470 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in T-Mobile US were worth $1,096,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Activest Wealth Management grew its position in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 94 shares during the period. Godsey & Gibb Inc. grew its position in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 60 shares during the period. Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US during the 1st quarter worth approximately $29,000. TCTC Holdings LLC grew its position in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after buying an additional 77 shares during the period. Finally, Adirondack Trust Co. grew its position in shares of T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $240.38 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The stock’s fifty day simple moving average is $243.20 and its two-hundred day simple moving average is $247.14. T-Mobile US, Inc. has a 1-year low of $194.41 and a 1-year high of $276.49. The stock has a market cap of $270.53 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.33 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business had revenue of $21.13 billion for the quarter, compared to analysts’ expectations of $20.99 billion. During the same period last year, the business earned $2.49 EPS. The business’s revenue was up 6.9% on a year-over-year basis. As a group, analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 2,627,930 shares of company stock worth $628,713,068. 0.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on TMUS shares. Morgan Stanley raised their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Wall Street Zen downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Arete Research raised shares of T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. The Goldman Sachs Group started coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 price target for the company. Finally, Royal Bank Of Canada lifted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the company a “sector perform” rating in a research report on Friday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $258.02.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.