Bokf Na Cuts Position in T-Mobile US, Inc. $TMUS

Bokf Na trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,785 shares of the Wireless communications provider’s stock after selling 2,366 shares during the period. Bokf Na’s holdings in T-Mobile US were worth $6,651,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TMUS. L2 Asset Management LLC boosted its position in T-Mobile US by 2.2% during the 2nd quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock worth $496,000 after purchasing an additional 45 shares during the period. City Holding Co. increased its holdings in T-Mobile US by 48.4% in the 3rd quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock valued at $34,000 after purchasing an additional 46 shares in the last quarter. PAX Financial Group LLC raised its position in T-Mobile US by 4.1% in the second quarter. PAX Financial Group LLC now owns 1,190 shares of the Wireless communications provider’s stock valued at $284,000 after purchasing an additional 47 shares during the period. New Republic Capital LLC raised its position in T-Mobile US by 4.7% in the third quarter. New Republic Capital LLC now owns 1,073 shares of the Wireless communications provider’s stock valued at $257,000 after purchasing an additional 48 shares during the period. Finally, Appleton Partners Inc. MA lifted its stake in shares of T-Mobile US by 5.3% during the third quarter. Appleton Partners Inc. MA now owns 971 shares of the Wireless communications provider’s stock worth $232,000 after purchasing an additional 49 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

TMUS stock opened at $214.37 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $272.60. The stock’s 50 day moving average is $203.80 and its two-hundred day moving average is $215.00. The company has a market capitalization of $236.21 billion, a PE ratio of 22.08, a P/E/G ratio of 1.38 and a beta of 0.43.

Insiders Place Their Bets

In other T-Mobile US news, Director G Michael Sievert sold 1,089 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $221.85, for a total transaction of $241,594.65. Following the completion of the transaction, the director directly owned 125,696 shares of the company’s stock, valued at $27,885,657.60. This trade represents a 0.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Wolfe Nelson sold 2,329 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total transaction of $517,923.02. Following the completion of the sale, the insider directly owned 65,677 shares of the company’s stock, valued at $14,605,251.26. The trade was a 3.42% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 694,134 shares of company stock valued at $150,847,799. 0.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. BNP Paribas Exane lowered their target price on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. Citigroup reduced their price target on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating on the stock in a research report on Friday, December 19th. DZ Bank restated a “buy” rating on shares of T-Mobile US in a report on Friday, February 13th. Royal Bank Of Canada dropped their price objective on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Finally, UBS Group reissued a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. One research 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 presently has a consensus rating of “Moderate Buy” and an average target price of $257.09.

T-Mobile US 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.