Brevan Howard Capital Management LP Has $3.11 Million Stock Position in T-Mobile US, Inc. $TMUS

Brevan Howard Capital Management LP decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 92.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 12,970 shares of the Wireless communications provider’s stock after selling 167,413 shares during the period. Brevan Howard Capital Management LP’s holdings in T-Mobile US were worth $3,105,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in T-Mobile US by 4.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 450,679 shares of the Wireless communications provider’s stock valued at $107,884,000 after acquiring an additional 19,486 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in T-Mobile US by 7.8% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 204,754 shares of the Wireless communications provider’s stock valued at $49,014,000 after buying an additional 14,800 shares in the last quarter. Varma Mutual Pension Insurance Co increased its position in T-Mobile US by 8.8% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 82,917 shares of the Wireless communications provider’s stock worth $19,849,000 after buying an additional 6,700 shares during the period. Longbow Finance SA increased its position in T-Mobile US by 22.2% during the 3rd quarter. Longbow Finance SA now owns 31,948 shares of the Wireless communications provider’s stock worth $7,648,000 after buying an additional 5,805 shares during the period. Finally, Xponance Inc. lifted its holdings in shares of T-Mobile US by 17.7% during the third quarter. Xponance Inc. now owns 80,749 shares of the Wireless communications provider’s stock worth $19,330,000 after buying an additional 12,143 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 1.2%

TMUS stock opened at $214.82 on Tuesday. The firm has a 50-day moving average price of $204.44 and a 200-day moving average price of $213.99. 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 has a market capitalization of $236.70 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 1.41 and a beta of 0.42.

Wall Street Analyst Weigh In

A number of research firms recently commented on TMUS. Scotiabank lowered 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 research report on Thursday, February 12th. Citigroup cut their price target on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a research note on Friday, December 19th. The Goldman Sachs Group increased their price target on T-Mobile US from $233.00 to $254.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Wolfe Research restated an “outperform” rating and set a $255.00 price objective on shares of T-Mobile US in a research note on Thursday, February 12th. Finally, Weiss Ratings cut T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average target price of $257.09.

Insider Transactions at T-Mobile US

In other news, Director Srikant M. Datar sold 3,291 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total transaction of $727,640.10. Following the completion of the transaction, the director directly owned 1,038 shares in the company, valued at approximately $229,501.80. This 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 accessible through the SEC website. Also, Director Raul Marcelo Claure sold 550,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $217.57, for a total value of $119,663,500.00. Following the sale, the director directly owned 891,204 shares in the company, valued at approximately $193,899,254.28. This trade represents a 38.16% 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. Corporate insiders own 0.37% of the company’s stock.

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.