Stratos Wealth Advisors LLC acquired a new stake in T-Mobile Us Inc (NASDAQ:TMUS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,997 shares of the Wireless communications provider’s stock, valued at approximately $207,000.
Several other hedge funds and other institutional investors have also bought and sold shares of TMUS. CWM LLC boosted its position in shares of T-Mobile Us by 440.3% in the 4th quarter. CWM LLC now owns 389 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 317 shares in the last quarter. Financial Advocates Investment Management raised its stake in T-Mobile Us by 42.0% in the 4th quarter. Financial Advocates Investment Management now owns 541 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 160 shares during the last quarter. Sandy Spring Bank acquired a new position in T-Mobile Us in the 1st quarter valued at about $30,000. PRW Wealth Management LLC acquired a new position in T-Mobile Us in the 4th quarter valued at about $34,000. Finally, Semmax Financial Advisors Inc. acquired a new position in T-Mobile Us in the 4th quarter valued at about $37,000. 33.72% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:TMUS traded up $0.31 during trading on Friday, reaching $75.69. 1,270,216 shares of the stock were exchanged, compared to its average volume of 2,694,937. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.56 and a current ratio of 0.66. T-Mobile Us Inc has a 12-month low of $55.23 and a 12-month high of $77.13. The stock has a market capitalization of $64.68 billion, a P/E ratio of 22.53, a PEG ratio of 1.20 and a beta of 0.44.
In other news, COO G Michael Sievert sold 4,766 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $73.58, for a total transaction of $350,682.28. Following the completion of the sale, the chief operating officer now owns 543,391 shares in the company, valued at approximately $39,982,709.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by insiders.
A number of research analysts have recently commented on the stock. BidaskClub raised shares of T-Mobile Us from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Zacks Investment Research downgraded shares of T-Mobile Us from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Nomura upped their price objective on shares of T-Mobile Us from $72.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. KeyCorp upped their price objective on shares of T-Mobile Us from $76.00 to $88.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Finally, Argus reaffirmed a “buy” rating on shares of T-Mobile Us in a research note on Tuesday, February 19th. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. T-Mobile Us currently has a consensus rating of “Buy” and a consensus price target of $80.15.
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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 79.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.
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