Mirabella Financial Services LLP Sells 31,366 Shares of T-Mobile US, Inc. $TMUS

Mirabella Financial Services LLP reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 57.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 22,807 shares of the Wireless communications provider’s stock after selling 31,366 shares during the period. Mirabella Financial Services LLP’s holdings in T-Mobile US were worth $5,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in TMUS. Norges Bank purchased a new stake in T-Mobile US in the 2nd quarter worth about $1,477,780,000. Wellington Management Group LLP lifted its holdings in T-Mobile US by 47.5% during the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after purchasing an additional 4,335,368 shares during the last quarter. Marshall Wace LLP increased its stake in shares of T-Mobile US by 2,303.2% in the second quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock worth $428,174,000 after purchasing an additional 1,878,654 shares in the last quarter. Viking Global Investors LP lifted its stake in shares of T-Mobile US by 81.7% during the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after buying an additional 1,279,422 shares in the last quarter. Finally, Amundi boosted its holdings in T-Mobile US by 44.6% in the 3rd quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider’s stock worth $924,380,000 after buying an additional 1,266,808 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on TMUS shares. Wall Street Zen lowered T-Mobile US from a “hold” rating to a “sell” rating in a research note on Saturday. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Citigroup cut their price target on shares of T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a research note on Friday, December 19th. BNP Paribas Exane dropped their price objective on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Finally, The Goldman Sachs Group increased their target price on T-Mobile US from $233.00 to $254.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $257.09.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 3,291 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total value of $727,640.10. Following the completion of the sale, the director directly owned 1,038 shares of the company’s stock, valued at $229,501.80. The trade was a 76.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Peter Osvaldik sold 27,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total transaction of $5,801,220.00. Following the sale, the chief financial officer owned 51,573 shares of the company’s stock, valued at approximately $11,080,974.78. The trade was a 34.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 694,134 shares of company stock worth $150,847,799 over the last 90 days. Insiders own 0.37% of the company’s stock.

T-Mobile US Trading Down 1.2%

TMUS stock opened at $214.82 on Tuesday. The company has a market capitalization of $236.70 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 1.41 and a beta of 0.42. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $272.60. The company’s 50 day moving average price is $204.44 and its two-hundred day moving average price is $213.99.

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.