Entropy Technologies LP Trims Stake in T-Mobile US, Inc. $TMUS

Entropy Technologies LP lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 31.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,544 shares of the Wireless communications provider’s stock after selling 8,005 shares during the period. Entropy Technologies LP’s holdings in T-Mobile US were worth $4,200,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TMUS. Howard Hughes Medical Institute bought a new stake in shares of T-Mobile US during the second quarter valued at approximately $25,000. United Community Bank raised its holdings 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 worth $25,000 after purchasing an additional 59 shares in the last quarter. Elevation Wealth Partners LLC raised its holdings 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 worth $28,000 after purchasing an additional 76 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in T-Mobile US during the second quarter valued at $31,000. Finally, Kilter Group LLC purchased a new position in T-Mobile US during the second quarter valued at $34,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TMUS. BNP Paribas Exane reduced their target price on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Wells Fargo & Company lifted their price target on shares of T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. TD Cowen dropped their price objective on shares of T-Mobile US from $263.00 to $252.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Weiss Ratings cut shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Finally, Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $257.09.

Insider Buying and Selling at T-Mobile US

In other news, insider Mark Wolfe Nelson sold 2,329 shares of the stock in a transaction that occurred 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 sale, the insider owned 65,677 shares in the company, valued at $14,605,251.26. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Peter Osvaldik sold 27,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total transaction of $5,801,220.00. Following the sale, the chief financial officer directly owned 51,573 shares of the company’s stock, valued at $11,080,974.78. This trade represents a 34.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 694,134 shares of company stock worth $150,847,799 in the last 90 days. Insiders own 0.37% of the company’s stock.

T-Mobile US Price Performance

TMUS opened at $214.37 on Friday. The firm has a market cap of $236.21 billion, a PE ratio of 22.08, a P/E/G ratio of 1.38 and a beta of 0.43. The stock has a 50-day moving average price of $203.80 and a 200-day moving average price of $215.00. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $272.60. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90.

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.