Harvest Fund Management Co. Ltd Boosts Stake in T-Mobile US, Inc. $TMUS

Harvest Fund Management Co. Ltd grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,139 shares of the Wireless communications provider’s stock after acquiring an additional 4,613 shares during the period. T-Mobile US comprises about 0.7% of Harvest Fund Management Co. Ltd’s investment portfolio, making the stock its 22nd biggest holding. Harvest Fund Management Co. Ltd’s holdings in T-Mobile US were worth $16,546,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. L2 Asset Management LLC boosted its holdings in T-Mobile US by 2.2% in the second quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock valued at $496,000 after purchasing an additional 45 shares during the last quarter. City Holding Co. grew its stake in T-Mobile US by 48.4% during the 3rd quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock valued at $34,000 after purchasing an additional 46 shares in the last quarter. PAX Financial Group LLC increased its holdings in T-Mobile US by 4.1% during the 2nd quarter. PAX Financial Group LLC now owns 1,190 shares of the Wireless communications provider’s stock worth $284,000 after purchasing an additional 47 shares during the last quarter. New Republic Capital LLC increased its holdings in T-Mobile US by 4.7% during the 3rd quarter. New Republic Capital LLC now owns 1,073 shares of the Wireless communications provider’s stock worth $257,000 after purchasing an additional 48 shares during the last quarter. Finally, Appleton Partners Inc. MA raised its position in shares of T-Mobile US by 5.3% in the 3rd quarter. Appleton Partners Inc. MA now owns 971 shares of the Wireless communications provider’s stock valued at $232,000 after purchasing an additional 49 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

TMUS stock opened at $217.39 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. The firm has a market cap of $239.53 billion, a P/E ratio of 22.39, a P/E/G ratio of 1.39 and a beta of 0.43. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $272.60. The stock’s 50 day simple moving average is $204.16 and its 200 day simple moving average is $214.76.

Analyst Ratings Changes

TMUS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. The Goldman Sachs Group upped their price target on shares of T-Mobile US from $233.00 to $254.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Daiwa Securities Group upgraded shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price objective on the stock in a research note on Thursday, February 19th. Wall Street Zen lowered shares of T-Mobile US from a “hold” rating to a “sell” rating in a report on Saturday. Finally, DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $257.09.

Insider Transactions at T-Mobile US

In other news, Director Srikant M. Datar sold 3,291 shares of the company’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 completion of the transaction, the director directly owned 1,038 shares of the company’s stock, valued at approximately $229,501.80. This represents a 76.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Wolfe Nelson sold 10,240 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $220.80, for a total value of $2,260,992.00. Following the sale, the insider owned 74,280 shares in the company, valued at $16,401,024. The trade was a 12.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 694,134 shares of company stock valued at $150,847,799 over the last ninety days. Insiders own 0.37% of the company’s stock.

About T-Mobile US

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.