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

Black Creek Investment Management Inc. lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 39.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 comprises approximately 0.5% of Black Creek Investment Management Inc.’s investment portfolio, making the stock its 18th biggest holding. Black Creek Investment Management Inc.’s holdings in T-Mobile US were worth $12,912,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. WASHINGTON TRUST Co increased its holdings 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 valued at $25,000 after purchasing an additional 83 shares in the last quarter. Summit Securities Group LLC bought a new position in T-Mobile US in the 2nd quarter valued at $27,000. Y.D. More Investments Ltd acquired a new stake in shares of T-Mobile US in the 2nd quarter valued at $27,000. Westside Investment Management Inc. raised its position in shares of T-Mobile US by 75.8% during the first 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 last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of T-Mobile US during the second quarter valued at $30,000. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Up 0.2 %

NASDAQ:TMUS opened at $202.83 on Monday. T-Mobile US, Inc. has a 52-week low of $135.82 and a 52-week high of $205.28. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The stock has a 50-day simple moving average of $190.15 and a 200 day simple moving average of $175.32. The company has a market cap of $236.66 billion, a PE ratio of 27.60, a PEG ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $19.61 billion. During the same quarter in the prior year, the company posted $1.86 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts expect that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TMUS shares. Wells Fargo & Company boosted their price objective on T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday. Scotiabank boosted their price target on shares of T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 1st. Tigress Financial raised their price objective on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Evercore ISI upgraded shares of T-Mobile US to a “hold” rating in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group initiated coverage on T-Mobile US in a research report on Monday, July 1st. They issued a “buy” rating and a $200.00 price target on the stock. One 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 company’s stock. According to MarketBeat, T-Mobile US currently has a consensus rating of “Buy” and an average price target of $201.44.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $176.47, for a total transaction of $23,551,862.67. Following the sale, the director now owns 670,945,589 shares in the company, valued at approximately $118,401,768,090.83. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $177.59, for a total transaction of $532,770.00. Following the completion of the transaction, the insider now directly owns 122,687 shares in the company, valued at approximately $21,787,984.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction on Friday, June 21st. The stock was sold at an average price of $176.47, for a total transaction of $23,551,862.67. Following the transaction, the director now directly owns 670,945,589 shares of the company’s stock, valued at $118,401,768,090.83. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 840,336 shares of company stock valued at $154,461,060. Insiders own 0.67% of the company’s stock.

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.