T-Mobile US, Inc. $TMUS Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 20.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,698 shares of the Wireless communications provider’s stock after purchasing an additional 3,445 shares during the quarter. Vinva Investment Management Ltd’s holdings in T-Mobile US were worth $4,925,000 as of its most recent filing with the Securities and Exchange Commission.

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 $25,000. United Community Bank lifted its position in T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 59 shares during the last quarter. Elevation Wealth Partners LLC boosted its stake 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 in the last quarter. CoreFirst Bank & Trust acquired a new position in T-Mobile US in the second quarter valued at $31,000. Finally, City Holding Co. grew its holdings in shares of T-Mobile US by 48.4% during the third quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock worth $34,000 after purchasing an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.5%

NASDAQ:TMUS opened at $221.57 on Monday. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $272.60. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. The stock’s 50 day simple moving average is $202.78 and its 200-day simple moving average is $215.53. The firm has a market cap of $244.14 billion, a P/E ratio of 22.82, a PEG ratio of 1.43 and a beta of 0.42.

Insider Buying and Selling

In other T-Mobile US news, insider Mark Wolfe Nelson sold 10,240 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $220.80, for a total value of $2,260,992.00. Following the transaction, the insider directly owned 74,280 shares of the company’s stock, valued at approximately $16,401,024. The trade was a 12.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director G Michael Sievert sold 80,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the completion of the sale, the director owned 140,696 shares of the company’s stock, valued at $30,241,198.24. This trade represents a 36.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 694,134 shares of company stock worth $150,847,799 in the last ninety days. Insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

TMUS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. UBS Group reissued a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. TD Cowen reduced their price objective on T-Mobile US from $263.00 to $252.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Finally, KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, T-Mobile US presently has a consensus 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.