Seven Mile Advisory Makes New $201,000 Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Seven Mile Advisory acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,140 shares of the Wireless communications provider’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lyell Wealth Management LP increased its stake in T-Mobile US by 265.2% during the second quarter. Lyell Wealth Management LP now owns 26,367 shares of the Wireless communications provider’s stock worth $4,645,000 after acquiring an additional 19,148 shares during the last quarter. Envestnet Asset Management Inc. increased its position in T-Mobile US by 12.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 996,703 shares of the Wireless communications provider’s stock worth $175,599,000 after purchasing an additional 112,979 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in T-Mobile US by 7.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 20,632 shares of the Wireless communications provider’s stock valued at $3,635,000 after buying an additional 1,453 shares during the period. Thoroughbred Financial Services LLC acquired a new position in T-Mobile US during the second quarter valued at approximately $323,000. Finally, Parallel Advisors LLC grew its stake in T-Mobile US by 12.7% during the second quarter. Parallel Advisors LLC now owns 11,205 shares of the Wireless communications provider’s stock worth $1,974,000 after buying an additional 1,262 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $177.16, for a total value of $23,643,950.76. Following the completion of the transaction, the director now directly owns 671,345,972 shares of the company’s stock, valued at approximately $118,935,652,399.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $177.16, for a total transaction of $23,643,950.76. Following the completion of the transaction, the director now owns 671,345,972 shares in the company, valued at approximately $118,935,652,399.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the sale, the director now directly owns 1,551,204 shares in the company, valued at $305,183,874.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 973,797 shares of company stock valued at $178,105,011. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup upped their target price on T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Scotiabank boosted their price target on T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 1st. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Evercore ISI raised shares of T-Mobile US to a “hold” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US has a consensus rating of “Buy” and an average price target of $201.44.

T-Mobile US Stock Up 0.2 %

Shares of T-Mobile US stock opened at $202.83 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The business has a 50-day moving average price of $190.15 and a 200 day moving average price of $175.24. T-Mobile US, Inc. has a fifty-two week low of $135.82 and a fifty-two week high of $205.28. The firm has a market cap of $236.66 billion, a P/E ratio of 27.60, a P/E/G ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. During the same period in the prior year, the company posted $1.86 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 9.18 earnings per share for the current fiscal year.

T-Mobile US Company Profile

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 customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.