T-Mobile US, Inc. $TMUS Shares Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 25.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,061 shares of the Wireless communications provider’s stock after purchasing an additional 11,300 shares during the period. Jefferies Financial Group Inc.’s holdings in T-Mobile US were worth $13,420,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TMUS. Howard Hughes Medical Institute acquired a new stake in shares of T-Mobile US during the 2nd quarter worth $25,000. United Community Bank raised its position in shares of T-Mobile US by 131.1% in the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 59 shares during the period. Elevation Wealth Partners LLC boosted its holdings in T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 76 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in T-Mobile US in the second quarter valued at $31,000. Finally, Kilter Group LLC purchased a new stake in T-Mobile US during the second quarter valued at about $34,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling

In related news, CFO Peter Osvaldik sold 27,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $214.86, for a total transaction of $5,801,220.00. Following the transaction, the chief financial officer directly owned 51,573 shares of the company’s stock, valued at approximately $11,080,974.78. The trade was a 34.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Srikant M. Datar sold 3,291 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director owned 1,038 shares of the company’s stock, valued at approximately $229,501.80. This represents a 76.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 694,134 shares of company stock valued at $150,847,799. 0.37% of the stock is owned by insiders.

T-Mobile US Trading Up 0.5%

NASDAQ:TMUS opened at $221.57 on Monday. The business’s 50-day moving average is $202.78 and its two-hundred day moving average is $215.53. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 month high of $272.60. 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 0.42.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TMUS shares. Daiwa Securities Group upgraded T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price objective on the stock in a report on Thursday, February 19th. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a research report on Thursday, February 19th. Scotiabank cut their price target on shares of T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a report on Thursday, February 12th. Finally, DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Friday, February 13th. 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 company. According to data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $257.09.

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.