T-Mobile US, Inc. $TMUS Shares Bought by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 156.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,800 shares of the Wireless communications provider’s stock after purchasing an additional 7,200 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in T-Mobile US were worth $2,825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Howard Hughes Medical Institute acquired a new stake in T-Mobile US during the 2nd quarter worth approximately $25,000. United Community Bank lifted its position in T-Mobile US by 131.1% during the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 59 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in T-Mobile US by 190.0% during the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 76 shares during the period. CoreFirst Bank & Trust purchased a new position in shares of T-Mobile US in the 2nd quarter valued at $31,000. Finally, Kilter Group LLC acquired a new position in shares of T-Mobile US during the 2nd quarter valued at $34,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TMUS has been the subject of several recent research reports. Weiss Ratings downgraded T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Wells Fargo & Company increased their target price on T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Morgan Stanley dropped their target price on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 2nd. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $255.00 price objective on shares of T-Mobile US in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $257.09.

Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 3,291 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total value of $727,640.10. Following the sale, the director directly owned 1,038 shares of the company’s stock, valued at $229,501.80. This trade represents a 76.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Peter Osvaldik sold 27,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total value of $5,801,220.00. Following the completion of the sale, the chief financial officer owned 51,573 shares in the company, valued at $11,080,974.78. The trade was a 34.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is currently owned by insiders.

T-Mobile US Trading Up 0.5%

NASDAQ TMUS opened at $221.57 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $272.60. The company has a 50-day simple moving average of $202.78 and a 200-day simple moving average of $215.84. The firm has a market capitalization of $244.14 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 1.43 and a beta of 0.43.

T-Mobile US Company Profile

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.