Cornercap Investment Counsel Inc. Sells 314 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Cornercap Investment Counsel Inc. trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.2% during the 2nd quarter, Holdings Channel reports. The fund owned 14,205 shares of the Wireless communications provider’s stock after selling 314 shares during the period. Cornercap Investment Counsel Inc.’s holdings in T-Mobile US were worth $2,503,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Compton Wealth Advisory Group LLC raised its stake in T-Mobile US by 0.4% during the second quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock valued at $2,644,000 after purchasing an additional 56 shares in the last quarter. Anfield Capital Management LLC raised its position in shares of T-Mobile US by 18.7% during the 2nd quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock valued at $64,000 after buying an additional 57 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in shares of T-Mobile US by 22.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock valued at $55,000 after acquiring an additional 58 shares during the last quarter. Proficio Capital Partners LLC grew its position in T-Mobile US by 2.3% in the first quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock worth $464,000 after acquiring an additional 64 shares in the last quarter. Finally, Westside Investment Management Inc. increased its stake in T-Mobile US by 39.7% during the second quarter. Westside Investment Management Inc. now owns 243 shares of the Wireless communications provider’s stock worth $43,000 after acquiring an additional 69 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. The Goldman Sachs Group started coverage on shares of T-Mobile US in a research note on Monday, July 1st. They set a “buy” rating and a $200.00 price objective for the company. Benchmark boosted their price objective on shares of T-Mobile US from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Finally, Barclays upped their price target on shares of T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US has a consensus rating of “Buy” and an average price target of $198.63.

T-Mobile US Stock Up 1.0 %

Shares of NASDAQ TMUS opened at $198.54 on Thursday. T-Mobile US, Inc. has a 52-week low of $135.82 and a 52-week high of $205.28. The firm has a market capitalization of $231.65 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 0.72 and a beta of 0.51. The stock has a 50 day moving average price of $189.20 and a 200 day moving average price of $174.70. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.22. The business had revenue of $19.77 billion during 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%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.86 EPS. Sell-side analysts expect that T-Mobile US, Inc. will post 9.18 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 135,969 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $175.59, for a total value of $23,874,796.71. Following the completion of the sale, the director now owns 671,479,433 shares in the company, valued at approximately $117,905,073,640.47. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Telekom Ag Deutsche sold 135,969 shares of T-Mobile US stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $175.59, for a total transaction of $23,874,796.71. Following the transaction, the director now directly owns 671,479,433 shares of the company’s stock, valued at $117,905,073,640.47. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the sale, the insider now owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The disclosure for this sale can be found here. Insiders have sold a total of 1,109,766 shares of company stock worth $201,979,808 in the last three months. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US 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.