T-Mobile US, Inc. $TMUS Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 160,394 shares of the Wireless communications provider’s stock after selling 26,150 shares during the period. Gabelli Funds LLC’s holdings in T-Mobile US were worth $38,395,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TMUS. Atlantic Union Bankshares Corp purchased a new position in T-Mobile US in the second quarter worth $4,859,000. SouthState Corp boosted its position in shares of T-Mobile US by 11.1% during the 2nd quarter. SouthState Corp now owns 10,494 shares of the Wireless communications provider’s stock worth $2,500,000 after purchasing an additional 1,047 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of T-Mobile US by 97.4% during the 2nd quarter. Golden State Wealth Management LLC now owns 681 shares of the Wireless communications provider’s stock worth $162,000 after purchasing an additional 336 shares during the period. Modera Wealth Management LLC grew its stake in shares of T-Mobile US by 62.8% during the 2nd quarter. Modera Wealth Management LLC now owns 1,830 shares of the Wireless communications provider’s stock worth $436,000 after purchasing an additional 706 shares during the period. Finally, Yelin Lapidot Holdings Management Ltd. increased its holdings in shares of T-Mobile US by 16.5% in the 2nd quarter. Yelin Lapidot Holdings Management Ltd. now owns 1,845 shares of the Wireless communications provider’s stock valued at $440,000 after purchasing an additional 261 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Raul Marcelo Claure sold 550,000 shares of T-Mobile US stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the completion of the transaction, the director directly owned 891,204 shares in the company, valued at $193,899,254.28. The trade was a 38.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Srikant M. Datar sold 3,291 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total value of $727,640.10. Following the completion of the sale, the director directly owned 1,038 shares in the company, valued at approximately $229,501.80. The trade was a 76.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 694,134 shares of company stock valued at $150,847,799. 0.37% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on TMUS. Scotiabank decreased their price objective 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. Tigress Financial increased their target price on shares of T-Mobile US from $305.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Argus reduced their price target on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Benchmark reissued a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Finally, Barclays upped their price target on T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. One 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.09.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $221.57 on Friday. 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 firm 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 twelve month low of $181.36 and a twelve month high of $272.60. The company has a market capitalization of $244.14 billion, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 1.43 and a beta of 0.43.

About T-Mobile US

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.