Groupama Asset Managment Sells 36,115 Shares of T-Mobile US, Inc. $TMUS

Groupama Asset Managment decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 10.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 326,318 shares of the Wireless communications provider’s stock after selling 36,115 shares during the quarter. Groupama Asset Managment’s holdings in T-Mobile US were worth $78,114,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake 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 in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of T-Mobile US by 7.8% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 204,754 shares of the Wireless communications provider’s stock worth $49,014,000 after acquiring an additional 14,800 shares in the last quarter. Varma Mutual Pension Insurance Co grew its stake in shares of 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 acquiring an additional 6,700 shares in the last quarter. Longbow Finance SA raised its holdings in shares of T-Mobile US by 22.2% in the third quarter. Longbow Finance SA now owns 31,948 shares of the Wireless communications provider’s stock valued at $7,648,000 after purchasing an additional 5,805 shares during the last quarter. Finally, Xponance Inc. raised its holdings in shares of T-Mobile US by 17.7% in the third quarter. Xponance Inc. now owns 80,749 shares of the Wireless communications provider’s stock valued at $19,330,000 after purchasing an additional 12,143 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $206.62 on Thursday. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year 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 firm has a fifty day simple moving average of $204.92 and a 200 day simple moving average of $213.67. The stock has a market capitalization of $227.67 billion, a PE ratio of 21.28, a P/E/G ratio of 1.39 and a beta of 0.43.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. The Goldman Sachs Group increased their target price on shares of T-Mobile US from $233.00 to $254.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a research note on Thursday, February 19th. TD Cowen cut their price target on shares of T-Mobile US from $263.00 to $252.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. KeyCorp upgraded shares of T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. Finally, BNP Paribas Exane decreased their price objective on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, January 16th. One 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. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $257.30.

Insider Transactions at T-Mobile US

In other news, Director Raul Marcelo Claure sold 550,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $193,899,254.28. This represents a 38.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Wolfe Nelson sold 2,329 shares of the firm’s stock in a transaction dated 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 sale, the insider owned 65,677 shares of the company’s stock, valued at $14,605,251.26. This trade represents a 3.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over 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 company insiders.

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.