Diversify Advisory Services LLC Has $2.01 Million Stake in T-Mobile US, Inc. $TMUS

Diversify Advisory Services LLC increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 84.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,405 shares of the Wireless communications provider’s stock after purchasing an additional 3,857 shares during the period. Diversify Advisory Services LLC’s holdings in T-Mobile US were worth $2,012,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of T-Mobile US in the second quarter valued at about $1,477,780,000. Marshall Wace LLP raised its stake in T-Mobile US by 2,303.2% in the 2nd quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock worth $428,174,000 after purchasing an additional 1,878,654 shares in the last quarter. Viking Global Investors LP boosted its holdings in T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after purchasing an additional 1,279,422 shares during the period. State Street Corp grew its position in shares of 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 worth $5,513,650,000 after purchasing an additional 994,740 shares in the last quarter. Finally, Crake Asset Management LLP bought a new position in shares of T-Mobile US during the second quarter worth approximately $160,945,000. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Down 1.8%

Shares of TMUS opened at $217.50 on Tuesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $272.60. The stock has a market capitalization of $239.65 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 1.43 and a beta of 0.42. The stock has a fifty day moving average of $203.07 and a 200-day moving average of $215.25.

Insiders Place Their Bets

In other T-Mobile US news, Director Raul Marcelo Claure sold 550,000 shares of the stock in a transaction dated 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 transaction, the director directly owned 891,204 shares in the company, valued at approximately $193,899,254.28. This trade represents a 38.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Wolfe Nelson sold 10,240 shares of T-Mobile US stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $220.80, for a total value of $2,260,992.00. Following the sale, the insider directly owned 74,280 shares in the company, valued at $16,401,024. The trade was a 12.12% 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 worth $150,847,799. Company insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

TMUS has been the subject of several recent research reports. Weiss Ratings cut T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Wells Fargo & Company upped their target price on T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. TD Cowen decreased 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. Daiwa Securities Group raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price objective for the company in a research report on Thursday, February 19th. Finally, KeyCorp raised shares of T-Mobile US from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $257.09.

About T-Mobile US

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.