Munich Reinsurance Co Stock Corp in Munich Makes New Investment in T-Mobile US, Inc. $TMUS

Munich Reinsurance Co Stock Corp in Munich bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 194,380 shares of the Wireless communications provider’s stock, valued at approximately $46,531,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of T-Mobile US during the second quarter worth approximately $1,477,780,000. Marshall Wace LLP raised its holdings in T-Mobile US by 2,303.2% in the second quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock valued at $428,174,000 after acquiring an additional 1,878,654 shares in the last quarter. Viking Global Investors LP raised its holdings in T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after acquiring an additional 1,279,422 shares in the last quarter. State Street Corp boosted its stake in T-Mobile US by 4.5% during the 2nd quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock valued at $5,513,650,000 after acquiring an additional 994,740 shares during the last quarter. Finally, Crake Asset Management LLP acquired a new position in T-Mobile US during the 2nd quarter worth $160,945,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research note on Thursday, February 19th. Scotiabank cut their price objective on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a research note on Thursday, February 12th. BNP Paribas Exane decreased their target price on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. TD Cowen dropped their price target on 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. Finally, Barclays lifted their price objective on shares of T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.09.

T-Mobile US Stock Up 0.5%

NASDAQ:TMUS opened at $221.57 on Friday. 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 stock has a 50 day moving average of $202.78 and a 200-day moving average of $216.13. The firm has a market capitalization of $244.14 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 1.43 and a beta of 0.43. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $272.60.

Insider Buying and Selling at T-Mobile US

In related news, Director Srikant M. Datar sold 3,291 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the completion of the transaction, the director directly owned 1,038 shares in the company, valued at $229,501.80. This represents a 76.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 550,000 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $217.57, for a total value of $119,663,500.00. Following the completion of the sale, the director directly owned 891,204 shares in the company, valued at $193,899,254.28. This represents a 38.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is owned by company insiders.

T-Mobile US Company 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.