Meridiem Capital Partners LP Sells 88,708 Shares of T-Mobile US, Inc. $TMUS

Meridiem Capital Partners LP lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 26.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,792 shares of the Wireless communications provider’s stock after selling 88,708 shares during the quarter. T-Mobile US accounts for 3.9% of Meridiem Capital Partners LP’s investment portfolio, making the stock its 5th largest position. Meridiem Capital Partners LP’s holdings in T-Mobile US were worth $60,274,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Howard Hughes Medical Institute acquired a new stake in shares of T-Mobile US during the 2nd quarter valued at approximately $25,000. United Community Bank grew its holdings in shares of T-Mobile US by 131.1% in the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 59 shares during the period. Elevation Wealth Partners LLC increased its stake in T-Mobile US by 190.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 76 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in T-Mobile US in the 2nd quarter valued at approximately $31,000. Finally, City Holding Co. raised its holdings in T-Mobile US by 48.4% during the third quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock worth $34,000 after purchasing an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In related news, Director Raul Marcelo Claure sold 550,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the transaction, the director owned 891,204 shares of the company’s stock, valued at approximately $193,899,254.28. This represents a 38.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Srikant M. Datar sold 3,291 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 1,038 shares in the company, valued at approximately $229,501.80. This trade represents a 76.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 694,134 shares of company stock worth $150,847,799 over the last three months. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of several research reports. UBS Group reissued a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. The Goldman Sachs Group lifted their price target on T-Mobile US from $233.00 to $254.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Barclays increased their price objective on shares of T-Mobile US from $240.00 to $245.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Scotiabank dropped their target price on shares of T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating for the company in a report on Thursday, February 12th. Finally, Citigroup cut their target price on shares of T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $257.09.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $0.98 during trading on Friday, reaching $215.35. The company had a trading volume of 216,804 shares, compared to its average volume of 6,162,330. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $272.60. The stock has a 50-day moving average price of $203.80 and a two-hundred day moving average price of $215.00. The stock has a market capitalization of $237.29 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 1.38 and a beta of 0.43.

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.