T-Mobile US, Inc. (TMUS) Shares Sold by Sheets Smith Wealth Management

Sheets Smith Wealth Management decreased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 9.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,997 shares of the company’s stock after selling 7,500 shares during the period. T-Mobile US comprises about 0.9% of Sheets Smith Wealth Management’s portfolio, making the stock its 24th largest position. Sheets Smith Wealth Management’s holdings in T-Mobile US were worth $3,224,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Dorsey & Whitney Trust CO LLC increased its stake in T-Mobile US by 1.9% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 5,844 shares of the company’s stock worth $273,000 after buying an additional 110 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in T-Mobile US by 1.9% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 7,376 shares of the company’s stock worth $345,000 after buying an additional 140 shares in the last quarter. US Bancorp DE increased its stake in T-Mobile US by 5.5% in the third quarter. US Bancorp DE now owns 2,779 shares of the company’s stock worth $130,000 after buying an additional 144 shares in the last quarter. AMG National Trust Bank increased its stake in T-Mobile US by 2.3% in the third quarter. AMG National Trust Bank now owns 9,500 shares of the company’s stock worth $444,000 after buying an additional 217 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC increased its stake in T-Mobile US by 9.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,079 shares of the company’s stock worth $133,000 after buying an additional 269 shares in the last quarter. 33.17% of the stock is owned by institutional investors and hedge funds.

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

T-Mobile US, Inc. (NASDAQ:TMUS) traded down 2.63% during trading on Monday, reaching $60.75. The company’s stock had a trading volume of 3,357,163 shares. The stock has a 50 day moving average price of $59.68 and a 200 day moving average price of $51.87. T-Mobile US, Inc. has a 1-year low of $34.01 and a 1-year high of $63.68. The stock has a market capitalization of $50.06 billion, a PE ratio of 38.47 and a beta of 0.71.

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A number of analysts have recently weighed in on the stock. Evercore ISI initiated coverage on shares of T-Mobile US in a report on Monday, January 30th. They set a “buy” rating for the company. Instinet upped their price target on shares of T-Mobile US from $46.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, February 7th. Macquarie reissued a “hold” rating and issued a $62.00 target price on shares of T-Mobile US in a report on Sunday, January 22nd. Argus reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday, January 11th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $59.00 price objective on shares of T-Mobile US in a report on Tuesday, January 10th. Nine investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $53.03.

In other news, Director W Michael Barnes sold 22,500 shares of the firm’s stock in a transaction that occurred on Friday, December 30th. The stock was sold at an average price of $57.86, for a total value of $1,301,850.00. Following the completion of the sale, the director now directly owns 113,267 shares of the company’s stock, valued at approximately $6,553,628.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Christopher Keys sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $60.31, for a total value of $6,031,000.00. Following the completion of the sale, the insider now directly owns 455,876 shares of the company’s stock, valued at $27,493,881.56. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

5 Day Chart for NASDAQ:TMUS

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