Mackenzie Financial Corp Has $73.78 Million Stake in T-Mobile US, Inc. $TMUS

Mackenzie Financial Corp reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 308,220 shares of the Wireless communications provider’s stock after selling 7,103 shares during the quarter. Mackenzie Financial Corp’s holdings in T-Mobile US were worth $73,782,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of T-Mobile US in the 2nd quarter valued at approximately $1,477,780,000. Marshall Wace LLP raised its holdings in T-Mobile US by 2,303.2% during the 2nd quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock worth $428,174,000 after buying an additional 1,878,654 shares during the period. Viking Global Investors LP lifted its stake in T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after buying an additional 1,279,422 shares in the last quarter. State Street Corp boosted its holdings in shares of T-Mobile US by 4.5% in the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock valued at $5,513,650,000 after buying an additional 994,740 shares during the period. Finally, Capital International Investors boosted its holdings in shares of T-Mobile US by 5.5% in the third quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock valued at $3,285,608,000 after buying an additional 711,278 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on TMUS shares. Citigroup dropped 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 report on Friday, December 19th. Scotiabank lowered their target price on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating for the company in a report on Thursday, February 12th. Oppenheimer downgraded T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, November 21st. Argus cut their price target on T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Finally, Morgan Stanley reduced their price objective on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $257.09.

Insider Activity

In related news, insider Mark Wolfe Nelson sold 2,329 shares of T-Mobile US stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total value of $517,923.02. Following the sale, the insider owned 65,677 shares of the company’s stock, valued at approximately $14,605,251.26. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director G Michael Sievert sold 1,089 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $221.85, for a total value 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Stock Performance

Shares of TMUS opened at $213.44 on Thursday. The stock has a market capitalization of $235.18 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 1.42 and a beta of 0.43. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 month high of $272.60. The firm has a fifty day simple moving average of $203.58 and a 200 day simple moving average of $215.00. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45.

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.