Park Edge Advisors LLC Grows Stock Position in T-Mobile US, Inc. $TMUS

Park Edge Advisors LLC grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 22.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,892 shares of the Wireless communications provider’s stock after acquiring an additional 1,098 shares during the quarter. Park Edge Advisors LLC’s holdings in T-Mobile US were worth $1,404,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Activest Wealth Management lifted its position in shares of T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 94 shares in the last quarter. Godsey & Gibb Inc. lifted its position in shares of T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 60 shares in the last quarter. Stone House Investment Management LLC purchased a new position in T-Mobile US during the first quarter worth approximately $29,000. TCTC Holdings LLC lifted its position in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after buying an additional 77 shares in the last quarter. Finally, City Holding Co. lifted its position in T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $240.08, for a total value of $16,767,187.20. Following the completion of the sale, the director directly owned 635,014,604 shares of the company’s stock, valued at approximately $152,454,306,128.32. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO G Michael Sievert sold 22,500 shares of T-Mobile US stock in a transaction on Monday, August 18th. The shares were sold at an average price of $255.58, for a total value of $5,750,550.00. Following the completion of the sale, the chief executive officer directly owned 358,722 shares of the company’s stock, valued at $91,682,168.76. The trade was a 5.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,627,930 shares of company stock valued at $628,713,068 over the last ninety days. Insiders own 0.37% of the company’s stock.

T-Mobile US Price Performance

TMUS stock opened at $241.72 on Friday. The business has a fifty day moving average of $243.25 and a two-hundred day moving average of $246.64. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The stock has a market cap of $272.04 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 1.32 and a beta of 0.61. T-Mobile US, Inc. has a 52-week low of $195.47 and a 52-week high of $276.49.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TMUS shares. Arete Research upgraded T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. lifted their price objective on T-Mobile US from $270.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Royal Bank Of Canada lifted their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock a “sector perform” rating in a research report on Friday, July 25th. The Goldman Sachs Group started coverage on T-Mobile US in a research report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price objective on the stock. Finally, Redburn Atlantic upgraded T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price objective on the stock in a research report on Monday, July 7th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.