Black Creek Investment Management Inc. Has $12.91 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Black Creek Investment Management Inc. trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 39.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,290 shares of the Wireless communications provider’s stock after selling 48,165 shares during the quarter. T-Mobile US accounts for 0.5% of Black Creek Investment Management Inc.’s portfolio, making the stock its 18th largest position. Black Creek Investment Management Inc.’s holdings in T-Mobile US were worth $12,912,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. WASHINGTON TRUST Co increased its stake in shares of T-Mobile US by 143.1% in the second 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 last quarter. Summit Securities Group LLC acquired a new position in T-Mobile US in the 2nd quarter worth about $27,000. Y.D. More Investments Ltd acquired a new position in T-Mobile US in the 2nd quarter worth about $27,000. Westside Investment Management Inc. raised its stake 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 purchasing an additional 75 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of T-Mobile US during the 2nd quarter valued at about $30,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group began coverage on shares of T-Mobile US in a research report on Monday, July 1st. They set a “buy” rating and a $200.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. 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. Barclays upped their price target on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Citigroup raised their price objective on T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has an average rating of “Buy” and a consensus target price of $201.44.

Insider Activity

In other news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the sale, the chief executive officer now directly owns 418,124 shares in the company, valued at approximately $81,354,386.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 670,812,128 shares in the company, valued at $119,431,391,269.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the sale, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 840,336 shares of company stock worth $154,461,060. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Up 0.2 %

TMUS stock opened at $202.83 on Monday. The business’s 50-day simple moving average is $190.15 and its 200 day simple moving average is $175.32. 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 company has a market cap of $236.66 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. T-Mobile US, Inc. has a twelve month low of $135.82 and a twelve month high of $205.28.

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

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.