T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Regent Investment Management LLC

Regent Investment Management LLC trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUSGet Rating) by 2.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,450 shares of the Wireless communications provider’s stock after selling 100 shares during the quarter. Regent Investment Management LLC’s holdings in T-Mobile US were worth $599,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Core Alternative Capital lifted its stake in T-Mobile US by 600.0% in the first quarter. Core Alternative Capital now owns 203 shares of the Wireless communications provider’s stock valued at $26,000 after buying an additional 174 shares during the last quarter. Koshinski Asset Management Inc. lifted its stake in T-Mobile US by 48.5% in the first quarter. Koshinski Asset Management Inc. now owns 245 shares of the Wireless communications provider’s stock valued at $31,000 after buying an additional 80 shares during the last quarter. San Luis Wealth Advisors LLC purchased a new stake in T-Mobile US in the first quarter valued at approximately $31,000. Steward Financial Group LLC purchased a new stake in T-Mobile US in the first quarter valued at approximately $32,000. Finally, Tcwp LLC purchased a new stake in T-Mobile US in the first quarter valued at approximately $34,000. 45.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $145.00, for a total transaction of $145,000.00. Following the transaction, the director now owns 4,980 shares in the company, valued at $722,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other T-Mobile US news, CAO Dara Bazzano sold 1,902 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $143.94, for a total value of $273,773.88. Following the completion of the sale, the chief accounting officer now directly owns 11,251 shares of the company’s stock, valued at approximately $1,619,468.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $145.00, for a total transaction of $145,000.00. Following the completion of the sale, the director now directly owns 4,980 shares of the company’s stock, valued at $722,100. The disclosure for this sale can be found here. Insiders have sold a total of 101,846 shares of company stock valued at $14,808,930 over the last 90 days. 0.68% of the stock is owned by insiders.

Analyst Ratings Changes

TMUS has been the subject of several analyst reports. Cowen upped their price target on T-Mobile US from $179.00 to $187.00 in a research note on Thursday, July 28th. Wolfe Research initiated coverage on T-Mobile US in a research note on Thursday, June 2nd. They set an “outperform” rating and a $159.00 price target for the company. JPMorgan Chase & Co. set a $180.00 price target on T-Mobile US in a research note on Wednesday, June 1st. Royal Bank of Canada upped their price target on T-Mobile US from $152.00 to $158.00 in a research note on Thursday, July 14th. Finally, KeyCorp upped their price target on T-Mobile US from $155.00 to $161.00 and gave the stock an “overweight” rating in a research note on Monday, July 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.38.

T-Mobile US Stock Performance

TMUS stock traded down $3.53 during mid-day trading on Friday, hitting $131.52. 197,798 shares of the company were exchanged, compared to its average volume of 4,477,574. The company has a current ratio of 0.85, a quick ratio of 0.74 and a debt-to-equity ratio of 1.05. T-Mobile US, Inc. has a 1-year low of $101.51 and a 1-year high of $148.04. The business has a 50 day simple moving average of $142.09 and a 200-day simple moving average of $134.29. The stock has a market capitalization of $164.93 billion, a PE ratio of 98.58, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48.

T-Mobile US (NASDAQ:TMUSGet Rating) last posted its earnings results on Wednesday, July 27th. The Wireless communications provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $1.02. The firm had revenue of $19.70 billion for the quarter, compared to analysts’ expectations of $20.08 billion. T-Mobile US had a net margin of 2.14% and a return on equity of 6.59%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 earnings per share. On average, equities analysts forecast that T-Mobile US, Inc. will post 2.22 earnings per share for the current year.

T-Mobile US Company Profile

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T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.

See Also

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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