Long Corridor Asset Management Ltd Makes New Investment in T-Mobile US, Inc. $TMUS

Long Corridor Asset Management Ltd bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,700 shares of the Wireless communications provider’s stock, valued at approximately $646,000. T-Mobile US accounts for about 0.3% of Long Corridor Asset Management Ltd’s portfolio, making the stock its 22nd largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. L2 Asset Management LLC lifted its holdings in shares of T-Mobile US by 2.2% during the 2nd quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock valued at $496,000 after purchasing an additional 45 shares in the last quarter. City Holding Co. grew its position in shares of T-Mobile US by 48.4% in the 3rd quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock valued at $34,000 after purchasing an additional 46 shares during the period. PAX Financial Group LLC increased its stake in T-Mobile US by 4.1% during the 2nd quarter. PAX Financial Group LLC now owns 1,190 shares of the Wireless communications provider’s stock worth $284,000 after purchasing an additional 47 shares in the last quarter. New Republic Capital LLC raised its holdings in T-Mobile US by 4.7% during the 3rd quarter. New Republic Capital LLC now owns 1,073 shares of the Wireless communications provider’s stock worth $257,000 after buying an additional 48 shares during the period. Finally, King Luther Capital Management Corp raised its holdings in T-Mobile US by 2.0% during the 2nd quarter. King Luther Capital Management Corp now owns 2,528 shares of the Wireless communications provider’s stock worth $602,000 after buying an additional 49 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Trading Up 0.5%

NASDAQ:TMUS opened at $221.57 on Friday. The company has a market cap of $244.14 billion, a P/E 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 twelve month low of $181.36 and a twelve month high of $272.60. The business has a 50 day moving average price of $202.78 and a two-hundred day moving average price of $215.84. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of research reports. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a research note on Thursday, February 19th. Scotiabank dropped their price objective on shares of T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a report on Thursday, February 12th. Citigroup cut their price objective on shares of T-Mobile US from $268.00 to $220.00 and set a “neutral” rating on the stock in a research report on Friday, December 19th. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Friday, February 13th. Finally, Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. 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 data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $257.09.

Insider Transactions at T-Mobile US

In other news, Director Raul Marcelo Claure sold 550,000 shares of the firm’s 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 owned 891,204 shares in the company, valued at $193,899,254.28. This trade represents a 38.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Peter Osvaldik sold 27,000 shares of T-Mobile US stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total value of $5,801,220.00. Following the completion of the sale, the chief financial officer directly owned 51,573 shares in the company, valued at approximately $11,080,974.78. This represents a 34.36% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is owned by insiders.

T-Mobile US 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.