Amalgamated Bank Trims Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Amalgamated Bank reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,172 shares of the Wireless communications provider’s stock after selling 3,816 shares during the period. Amalgamated Bank’s holdings in T-Mobile US were worth $18,001,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. WASHINGTON TRUST Co lifted its holdings in shares of T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the period. Summit Securities Group LLC purchased a new position in shares of T-Mobile US during the 2nd quarter worth about $27,000. Y.D. More Investments Ltd purchased a new position in shares of T-Mobile US during the 2nd quarter worth about $27,000. Westside Investment Management Inc. lifted its holdings in shares of T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 75 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of T-Mobile US during the 2nd quarter worth about $30,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Down 1.5 %

TMUS stock opened at $202.70 on Wednesday. T-Mobile US, Inc. has a twelve month low of $135.82 and a twelve month high of $206.30. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $237.53 billion, a P/E ratio of 27.58, a PEG ratio of 0.74 and a beta of 0.51. The firm has a 50 day simple moving average of $191.16 and a 200-day simple moving average of $175.90.

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

Wall Street Analyst Weigh In

TMUS has been the topic of several research reports. Bank of America raised their price target on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a report on Monday, June 10th. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Benchmark raised their price target on shares of T-Mobile US from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, KeyCorp raised their price target on shares of T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a report on Monday. One investment 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $205.69.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction on Monday, June 24th. The shares were sold at an average price of $178.04, for a total value of $23,761,396.44. Following the completion of the transaction, the director now owns 670,812,128 shares of the company’s stock, valued at $119,431,391,269.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of T-Mobile US stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the transaction, the director now owns 1,551,204 shares of the company’s stock, valued at $305,183,874.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction on Monday, June 24th. The stock was sold at an average price of $178.04, for a total transaction of $23,761,396.44. Following the completion of the transaction, the director now directly owns 670,812,128 shares of the company’s stock, valued at approximately $119,431,391,269.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 840,336 shares of company stock valued at $154,461,060. 0.67% of the stock is currently owned by corporate insiders.

About T-Mobile US

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.