Principal Street Partners LLC Sells 528 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Principal Street Partners LLC trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 11.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,069 shares of the Wireless communications provider’s stock after selling 528 shares during the period. Principal Street Partners LLC’s holdings in T-Mobile US were worth $898,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TMUS. Barclays PLC increased its position in shares of T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after purchasing an additional 876,182 shares in the last quarter. Gladstone Institutional Advisory LLC acquired a new position in shares of T-Mobile US in the 4th quarter valued at about $1,552,000. Rice Partnership LLC purchased a new stake in T-Mobile US in the 4th quarter worth approximately $7,678,000. Exchange Traded Concepts LLC boosted its holdings in T-Mobile US by 737.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider’s stock worth $12,476,000 after buying an additional 49,775 shares in the last quarter. Finally, Transform Wealth LLC raised its holdings in T-Mobile US by 17.7% in the 4th quarter. Transform Wealth LLC now owns 54,496 shares of the Wireless communications provider’s stock worth $12,029,000 after purchasing an additional 8,208 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of research reports. Benchmark reissued a “buy” rating and set a $275.00 target price on shares of T-Mobile US in a research note on Thursday, March 27th. Hsbc Global Res lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. UBS Group downgraded T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised their price objective on T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $257.68.

T-Mobile US Trading Up 0.7%

NASDAQ:TMUS opened at $244.25 on Tuesday. The business’s 50-day moving average is $253.73 and its two-hundred day moving average is $243.41. The firm has a market capitalization of $277.33 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a 12 month low of $163.15 and a 12 month high of $276.49. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $2.00 EPS. Research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.67% of the stock is owned by company insiders.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.