T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by CGN Advisors LLC

CGN Advisors LLC lowered its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 13.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,470 shares of the Wireless communications provider’s stock after selling 1,425 shares during the period. CGN Advisors LLC’s holdings in T-Mobile US were worth $2,526,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. raised its stake in shares of T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 62 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in T-Mobile US during the 4th quarter valued at about $28,000. Financial Life Planners acquired a new position in T-Mobile US during the 4th quarter valued at about $29,000. Adirondack Trust Co. raised 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 in the last quarter. Finally, Pinney & Scofield Inc. acquired a new stake in shares of T-Mobile US in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.4%

Shares of NASDAQ:TMUS opened at $243.06 on Tuesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The stock’s 50-day moving average is $250.33 and its 200-day moving average is $243.95. The company has a market cap of $275.98 billion, a P/E ratio of 25.14, a P/E/G ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a 52-week low of $171.18 and a 52-week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same quarter last year, the firm posted $2.00 EPS. The company’s revenue was up 6.6% on a year-over-year basis. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Barclays raised their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. lifted their price target on T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Tuesday, March 18th. UBS Group downgraded T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Scotiabank upgraded shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Finally, Tigress Financial raised their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $257.68.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares in the company, valued at $865,533. This represents a 18.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.37% of the stock is owned by company insiders.

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 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.