Munich Reinsurance Co Stock Corp in Munich Makes New $46.53 Million Investment in T-Mobile US, Inc. $TMUS

Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 194,380 shares of the Wireless communications provider’s stock, valued at approximately $46,531,000.

Other hedge funds have also modified their holdings of the company. Howard Hughes Medical Institute acquired a new position in T-Mobile US during the second quarter worth approximately $25,000. United Community Bank grew its stake in shares of T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 59 shares during the period. Elevation Wealth Partners LLC increased its holdings in shares of T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 76 shares during the last quarter. Aspect Partners LLC raised its position in shares of T-Mobile US by 112.1% in the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 65 shares during the period. Finally, CoreFirst Bank & Trust acquired a new position in T-Mobile US in the second quarter valued at $31,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Royal Bank Of Canada cut their price objective on T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research report on Friday, February 13th. BNP Paribas Exane cut their price target on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. The Goldman Sachs Group lifted their price target on shares of T-Mobile US from $233.00 to $254.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Finally, Oppenheimer downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $257.09.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 3,291 shares of T-Mobile US stock in a transaction on Wednesday, March 4th. The shares were 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 of the company’s stock, valued at $229,501.80. The trade was a 76.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mark Wolfe Nelson sold 2,329 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $222.38, for a total transaction of $517,923.02. Following the completion of the transaction, the insider directly owned 65,677 shares of the company’s stock, valued at approximately $14,605,251.26. The trade was a 3.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 694,134 shares of company stock valued at $150,847,799 over the last three months. Company insiders own 0.37% of the company’s stock.

T-Mobile US Price Performance

TMUS stock opened at $221.57 on Friday. The firm has a market cap of $244.14 billion, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 1.43 and a beta of 0.43. 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 1 year low of $181.36 and a 1 year high of $272.60. The stock has a 50-day simple moving average of $202.78 and a 200-day simple moving average of $216.13.

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.