Toroso Investments LLC Sells 6,363 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Posted by Defense World Staff on Sep 15th, 2023

Toroso Investments LLC cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 25.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,802 shares of the Wireless communications provider’s stock after selling 6,363 shares during the quarter. Toroso Investments LLC’s holdings in T-Mobile US were worth $2,723,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raleigh Capital Management Inc. grew its stake in T-Mobile US by 84.8% during the first quarter. Raleigh Capital Management Inc. now owns 170 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 78 shares during the last quarter. Koesten Hirschmann & Crabtree INC. bought a new position in T-Mobile US in the 4th quarter valued at $29,000. Oliver Lagore Vanvalin Investment Group acquired a new position in T-Mobile US in the fourth quarter worth $29,000. Creative Capital Management Investments LLC bought a new stake in shares of T-Mobile US during the first quarter worth $30,000. Finally, City Holding Co. grew its holdings in shares of T-Mobile US by 124.2% during the first quarter. City Holding Co. now owns 213 shares of the Wireless communications provider’s stock worth $31,000 after purchasing an additional 118 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of T-Mobile US from $172.00 to $163.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. Barclays raised T-Mobile US from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, August 8th. HSBC cut their price target on T-Mobile US from $185.00 to $165.00 in a research note on Monday, June 5th. Wolfe Research upgraded T-Mobile US from a “peer perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research report on Thursday, June 8th. Finally, StockNews.com assumed coverage on shares of T-Mobile US in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus target price of $181.95.

View Our Latest Stock Report on T-Mobile US

T-Mobile US Trading Up 1.1 %

TMUS opened at $143.12 on Friday. The stock has a market capitalization of $168.37 billion, a P/E ratio of 28.51 and a beta of 0.55. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 1.14. T-Mobile US, Inc. has a 12 month low of $124.92 and a 12 month high of $154.38. The firm’s fifty day simple moving average is $137.93 and its 200 day simple moving average is $139.88.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last issued its quarterly earnings results on Thursday, July 27th. The Wireless communications provider reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.15. The company had revenue of $19.20 billion for the quarter, compared to analyst estimates of $19.36 billion. T-Mobile US had a return on equity of 9.02% and a net margin of 7.82%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 earnings per share. As a group, research analysts anticipate that T-Mobile US, Inc. will post 7.31 EPS for the current fiscal year.

Insider Buying and Selling at T-Mobile US

In other news, insider Michael J. Katz sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $140.01, for a total transaction of $490,035.00. Following the completion of the transaction, the insider now directly owns 122,477 shares of the company’s stock, valued at approximately $17,148,004.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $138.34, for a total transaction of $2,766,800.00. Following the sale, the chief executive officer now owns 646,339 shares in the company, valued at $89,414,537.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael J. Katz sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $140.01, for a total value of $490,035.00. Following the completion of the transaction, the insider now owns 122,477 shares of the company’s stock, valued at $17,148,004.77. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,500 shares of company stock worth $5,356,835. Corporate insiders own 0.70% of the company’s stock.

T-Mobile US Company Profile

(Free Report)

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; leasing through JUMP! On Demand; and High Speed Internet services.