T-Mobile US Inc (TMUS) Shares Sold by Picton Mahoney Asset Management
Picton Mahoney Asset Management lessened its holdings in shares of T-Mobile US Inc (NASDAQ:TMUS) by 76.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 50,500 shares of the Wireless communications provider’s stock after selling 160,875 shares during the quarter. Picton Mahoney Asset Management’s holdings in T-Mobile US were worth $3,208,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Rational Advisors LLC acquired a new stake in T-Mobile US during the 3rd quarter worth $105,000. Cerebellum GP LLC acquired a new stake in shares of T-Mobile US in the 4th quarter valued at about $127,000. Capital Bank & Trust Co raised its stake in shares of T-Mobile US by 3,128.6% in the 3rd quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock valued at $139,000 after purchasing an additional 2,190 shares during the period. Opera Trading Capital acquired a new stake in shares of T-Mobile US in the 3rd quarter valued at about $154,000. Finally, Renaissance Group LLC acquired a new stake in shares of T-Mobile US in the 3rd quarter valued at about $201,000. 35.02% of the stock is currently owned by institutional investors and hedge funds.
Shares of T-Mobile US Inc (NASDAQ:TMUS) opened at $63.60 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. The stock has a market cap of $52,904.59, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 0.85 and a beta of 0.29. T-Mobile US Inc has a 1 year low of $54.60 and a 1 year high of $68.88.
In other news, CFO J Braxton Carter II sold 15,000 shares of T-Mobile US stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $62.97, for a total value of $944,550.00. Following the completion of the sale, the chief financial officer now directly owns 163,688 shares in the company, valued at $10,307,433.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Elizabeth A. Mcauliffe sold 4,310 shares of T-Mobile US stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $64.10, for a total transaction of $276,271.00. The disclosure for this sale can be found here. Insiders have sold 73,620 shares of company stock valued at $4,708,192 over the last 90 days. Company insiders own 0.29% of the company’s stock.
Several analysts have issued reports on the company. Moffett Nathanson reissued a “neutral” rating on shares of T-Mobile US in a research note on Thursday, October 12th. Jefferies Group reissued a “top pick” rating and issued a $62.78 price target (down previously from $72.00) on shares of T-Mobile US in a research note on Tuesday, November 28th. Morgan Stanley lifted their price target on T-Mobile US from $72.00 to $74.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. BidaskClub downgraded T-Mobile US from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Finally, Macquarie reissued a “hold” rating and issued a $68.00 price target on shares of T-Mobile US in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $69.86.
T-Mobile US Company Profile
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.
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