Banco Bilbao Vizcaya Argentaria S.A. Purchases 4,745 Shares of T-Mobile US, Inc. $TMUS

Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 111,758 shares of the Wireless communications provider’s stock after purchasing an additional 4,745 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in T-Mobile US were worth $26,751,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TMUS. L2 Asset Management LLC raised its position in T-Mobile US by 2.2% in the 2nd quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock worth $496,000 after purchasing an additional 45 shares during the period. City Holding Co. boosted its position in shares of T-Mobile US by 48.4% during the third quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock valued at $34,000 after buying an additional 46 shares during the period. PAX Financial Group LLC boosted its position in shares of T-Mobile US by 4.1% during the second quarter. PAX Financial Group LLC now owns 1,190 shares of the Wireless communications provider’s stock valued at $284,000 after buying an additional 47 shares during the period. New Republic Capital LLC grew its stake in shares of T-Mobile US by 4.7% during the third quarter. New Republic Capital LLC now owns 1,073 shares of the Wireless communications provider’s stock valued at $257,000 after buying an additional 48 shares during the last quarter. Finally, Appleton Partners Inc. MA grew its stake in shares of T-Mobile US by 5.3% during the third quarter. Appleton Partners Inc. MA now owns 971 shares of the Wireless communications provider’s stock valued at $232,000 after buying an additional 49 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Up 1.4%

Shares of NASDAQ TMUS opened at $217.39 on Friday. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $272.60. The firm has a market capitalization of $239.53 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 1.41 and a beta of 0.43. The stock has a 50 day moving average price of $204.16 and a 200 day moving average price of $214.50. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TMUS shares. Morgan Stanley decreased their price target on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. Weiss Ratings downgraded T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Barclays increased their target price on T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a research note 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. Finally, Wall Street Zen lowered shares of T-Mobile US from a “hold” rating to a “sell” rating in a research note on Saturday. One investment 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $257.09.

Insider Buying and Selling at T-Mobile US

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 stock was sold at an average price of $222.38, for a total value of $517,923.02. Following the completion of the sale, the insider directly owned 65,677 shares in the company, valued at approximately $14,605,251.26. This represents a 3.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director G Michael Sievert sold 1,089 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $221.85, for a total value of $241,594.65. Following the transaction, the director directly owned 125,696 shares in the company, valued at $27,885,657.60. The trade was a 0.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 694,134 shares of company stock worth $150,847,799 over the last quarter. Insiders own 0.37% of the company’s stock.

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.