T-Mobile US, Inc. (NASDAQ:TMUS) holdings grow under Cerity Partners LLC

November 25, 2024 03:17 AM PST | By Team Kalkine Media

T-Mobile US, Inc. (NASDAQ:TMUS) holdings grow under Cerity Partners LLC — Image source: Shutterstock

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Cerity Partners LLC raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 22.3% during the third quarter, according to the latest filing with the Securities & Exchange Commission. The institutional investor now owns 117,790 shares in the wireless communications provider, increasing its holdings by 21,487 shares over the period. As of the most recent quarter, Cerity Partners' stake in T-Mobile US is valued at approximately $24.3 million.

Other institutional investors have also increased their positions in T-Mobile US. For example, DT Investment Partners LLC boosted its stake by 65.3%, acquiring 47 additional shares during the third quarter. MFA Wealth Advisors LLC raised its holdings by 128.3%, while WASHINGTON TRUST Co increased its position by 143.1% in the second quarter. These movements reflect a growing interest in T-Mobile US from institutional investors and hedge funds, who collectively own 42.49% of the company’s stock.

In terms of insider activity, Michael J. Katz, an executive at T-Mobile US, sold 3,000 shares in early October, valued at $615,900. Following this sale, Katz’s remaining holdings in the company stood at 119,687 shares. Meanwhile, CEO G. Michael Sievert sold 20,000 shares in November, totaling $4.75 million. Despite these insider transactions, Sievert continues to hold 378,124 shares in the company.

T-Mobile US stock saw an increase of 0.7% on the most recent trading day, with shares opening at $238.28. Over the past year, the stock has fluctuated between a low of $147.96 and a high of $242.43. The company has a market capitalization of $276.5 billion and reports a solid financial profile, with a P/E ratio of 27.17 and a return on equity of 16.35%. In its most recent earnings report, T-Mobile US exceeded analysts’ expectations, reporting earnings per share of $2.61, surpassing the consensus estimate of $2.32.

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