T-Mobile US, Inc. $TMUS Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 26.2% in the 3rd quarter, Holdings Channel reports. The fund owned 265,274 shares of the Wireless communications provider’s stock after acquiring an additional 55,154 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in T-Mobile US were worth $63,501,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Kepler Cheuvreux Suisse SA purchased a new position in shares of T-Mobile US in the 3rd quarter valued at approximately $13,551,000. Beese Fulmer Investment Management Inc. lifted its holdings in shares of T-Mobile US by 9.8% during the third quarter. Beese Fulmer Investment Management Inc. now owns 30,631 shares of the Wireless communications provider’s stock worth $7,333,000 after purchasing an additional 2,723 shares during the period. Nemes Rush Group LLC lifted its holdings in shares of T-Mobile US by 7.7% during the third quarter. Nemes Rush Group LLC now owns 10,951 shares of the Wireless communications provider’s stock worth $2,621,000 after purchasing an additional 784 shares during the period. Brentview Investment Management LLC grew its position in T-Mobile US by 3.9% in the 3rd quarter. Brentview Investment Management LLC now owns 21,690 shares of the Wireless communications provider’s stock valued at $5,192,000 after buying an additional 812 shares during the last quarter. Finally, Magnetar Financial LLC grew its position in T-Mobile US by 1,088.2% in the 3rd quarter. Magnetar Financial LLC now owns 21,363 shares of the Wireless communications provider’s stock valued at $5,114,000 after buying an additional 19,565 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Down 2.4%

TMUS opened at $213.44 on Thursday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. The company has a market cap of $235.18 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 1.42 and a beta of 0.43. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $272.60. The business’s fifty day moving average is $203.58 and its two-hundred day moving average is $215.00.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director G Michael Sievert sold 80,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the completion of the transaction, the director directly owned 140,696 shares in the company, valued at approximately $30,241,198.24. This trade represents a 36.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Srikant M. Datar sold 3,291 shares of T-Mobile US stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the transaction, the director owned 1,038 shares of the company’s stock, valued at approximately $229,501.80. The trade was a 76.02% decrease in their position. 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. Insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TMUS shares. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research note on Friday, February 13th. Scotiabank lowered their target price 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. KeyCorp upgraded shares of T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. The Goldman Sachs Group increased their price target on shares of T-Mobile US from $233.00 to $254.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Finally, Royal Bank Of Canada reduced their price objective on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $257.09.

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.