Onex Canada Asset Management Inc. Sells 3,377 Shares of T-Mobile US, Inc. $TMUS

Onex Canada Asset Management Inc. reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 25.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,760 shares of the Wireless communications provider’s stock after selling 3,377 shares during the period. Onex Canada Asset Management Inc.’s holdings in T-Mobile US were worth $2,336,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Maia Wealth LLC grew its holdings in T-Mobile US by 91.1% during the 3rd quarter. Maia Wealth LLC now owns 2,746 shares of the Wireless communications provider’s stock worth $657,000 after acquiring an additional 1,309 shares during the period. Main Street Research LLC lifted its stake in shares of T-Mobile US by 0.4% in the 3rd quarter. Main Street Research LLC now owns 180,321 shares of the Wireless communications provider’s stock valued at $43,165,000 after purchasing an additional 667 shares during the period. Nicolet Advisory Services LLC lifted its stake in shares of T-Mobile US by 6.0% in the 3rd quarter. Nicolet Advisory Services LLC now owns 1,512 shares of the Wireless communications provider’s stock valued at $344,000 after purchasing an additional 86 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of T-Mobile US by 12.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 8,078 shares of the Wireless communications provider’s stock worth $1,934,000 after purchasing an additional 889 shares during the last quarter. Finally, Capital Wealth Planning LLC boosted its position in shares of T-Mobile US by 282.4% in the 3rd quarter. Capital Wealth Planning LLC now owns 25,169 shares of the Wireless communications provider’s stock worth $6,025,000 after purchasing an additional 18,588 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Up 1.4%

TMUS stock opened at $217.39 on Friday. The company has a market cap of $239.53 billion, a price-to-earnings ratio of 22.39, a P/E/G ratio of 1.39 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 $204.16 and a two-hundred day moving average price of $214.76. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Scotiabank decreased their target price on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating for the company in a research report on Thursday, February 12th. BNP Paribas Exane lowered their price target on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. Zacks Research upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Finally, Wells Fargo & Company lifted their price objective on shares of T-Mobile US from $225.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. One investment 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. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and an average target price of $257.09.

Insider Buying and Selling

In other T-Mobile US news, insider Mark Wolfe Nelson sold 2,329 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $222.38, for a total transaction of $517,923.02. Following the sale, the insider directly owned 65,677 shares of the company’s stock, valued at approximately $14,605,251.26. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the completion of the sale, 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 694,134 shares of company stock worth $150,847,799 in the last quarter. 0.37% of the stock is owned by company 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.