GW&K Investment Management LLC Has $2.40 Million Holdings in T-Mobile US, Inc. $TMUS

GW&K Investment Management LLC lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 81.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,016 shares of the Wireless communications provider’s stock after selling 43,296 shares during the quarter. GW&K Investment Management LLC’s holdings in T-Mobile US were worth $2,398,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Howard Hughes Medical Institute acquired a new stake in shares of T-Mobile US during the second quarter worth approximately $25,000. United Community Bank lifted its position in 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 in the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 76 shares during the period. Aspect Partners LLC grew its holdings in shares of T-Mobile US by 112.1% during the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 65 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in shares of T-Mobile US in the second quarter worth $31,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director G Michael Sievert sold 1,089 shares of the company’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 sale, the director directly owned 125,696 shares of the company’s stock, valued at approximately $27,885,657.60. This represents a 0.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Wolfe Nelson sold 2,329 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $222.38, for a total transaction of $517,923.02. Following the completion of the transaction, the insider owned 65,677 shares in the company, valued at $14,605,251.26. The trade was a 3.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 694,134 shares of company stock valued at $150,847,799 in the last three months. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TMUS. UBS Group reiterated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. KeyCorp upgraded T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. BNP Paribas Exane cut their price target 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. Benchmark reissued a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Finally, Oppenheimer lowered shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.09.

T-Mobile US Stock Up 0.5%

Shares of T-Mobile US stock opened at $221.57 on Friday. The stock has a market capitalization of $244.14 billion, a P/E ratio of 22.82, a PEG ratio of 1.43 and a beta of 0.43. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The stock has a 50 day moving average price of $202.78 and a two-hundred day moving average price of $216.13. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $272.60.

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.