NorthCoast Asset Management LLC Acquires 1,465 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

NorthCoast Asset Management LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,264 shares of the Wireless communications provider’s stock after purchasing an additional 1,465 shares during the quarter. NorthCoast Asset Management LLC’s holdings in T-Mobile US were worth $18,710,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Ballentine Partners LLC grew its stake in shares of T-Mobile US by 3.9% in the first quarter. Ballentine Partners LLC now owns 1,976 shares of the Wireless communications provider’s stock valued at $248,000 after acquiring an additional 75 shares in the last quarter. Balasa Dinverno & Foltz LLC grew its position in shares of T-Mobile US by 1.9% during the 1st quarter. Balasa Dinverno & Foltz LLC now owns 5,025 shares of the Wireless communications provider’s stock worth $630,000 after purchasing an additional 94 shares in the last quarter. Bedel Financial Consulting Inc. grew its position in shares of T-Mobile US by 9.3% during the 1st quarter. Bedel Financial Consulting Inc. now owns 1,164 shares of the Wireless communications provider’s stock worth $146,000 after purchasing an additional 99 shares in the last quarter. Atwood & Palmer Inc. increased its holdings in shares of T-Mobile US by 48.5% during the first quarter. Atwood & Palmer Inc. now owns 306 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 100 shares during the period. Finally, Sullivan Bruyette Speros & Blaney LLC raised its position in shares of T-Mobile US by 12.9% in the first quarter. Sullivan Bruyette Speros & Blaney LLC now owns 875 shares of the Wireless communications provider’s stock valued at $110,000 after buying an additional 100 shares in the last quarter. Institutional investors own 38.84% of the company’s stock.

Shares of T-Mobile US stock traded up $0.13 during trading on Thursday, hitting $144.70. The company’s stock had a trading volume of 68,544 shares, compared to its average volume of 2,963,036. The stock has a market capitalization of $180.42 billion, a PE ratio of 38.71, a price-to-earnings-growth ratio of 1.31 and a beta of 0.57. T-Mobile US, Inc. has a 52 week low of $104.00 and a 52 week high of $150.20. The firm’s 50-day moving average is $143.74. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.85 and a current ratio of 0.96.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Tuesday, May 4th. The Wireless communications provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.19. T-Mobile US had a return on equity of 7.19% and a net margin of 3.95%. The firm had revenue of $19.76 billion for the quarter, compared to analyst estimates of $18.99 billion. During the same quarter in the previous year, the company posted $1.10 EPS. The business’s revenue was up 77.8% on a year-over-year basis. Analysts predict that T-Mobile US, Inc. will post 2.17 EPS for the current fiscal year.

A number of equities analysts have commented on the company. UBS Group restated a “buy” rating and set a $170.00 price objective on shares of T-Mobile US in a research note on Wednesday, May 5th. The Goldman Sachs Group restated a “buy” rating and issued a $160.00 price target on shares of T-Mobile US in a research report on Monday, April 12th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of T-Mobile US from $155.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, April 19th. Royal Bank of Canada set a $133.00 target price on shares of T-Mobile US and gave the company a “neutral” rating in a report on Wednesday, May 5th. Finally, KeyCorp boosted their target price on shares of T-Mobile US from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $155.96.

In related news, EVP David A. Miller sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 4th. The shares were sold at an average price of $130.87, for a total value of $1,308,700.00. Following the transaction, the executive vice president now owns 195,122 shares in the company, valued at $25,535,616.14. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kelvin R. Westbrook sold 7,500 shares of the company’s stock in a transaction on Monday, May 10th. The shares were sold at an average price of $136.15, for a total transaction of $1,021,125.00. Following the sale, the director now directly owns 22,588 shares in the company, valued at approximately $3,075,356.20. The disclosure for this sale can be found here. Insiders sold 139,047 shares of company stock worth $19,429,106 over the last quarter. 0.69% of the stock is currently owned by company insiders.

About T-Mobile US

T-Mobile US, Inc engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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