Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of MetroPCS Communications, Inc. (NYSE:PCS).

SEC data indicate these insiders have sold MetroPCS Communications, Inc.’s stock since 06/30/2011:

• Patterson Arthur C: act as Director. On 09/14/2011, sold 750,000 shares, worth $7,777,500.
• Patterson Arthur C: act as Director. On 09/13/2011, sold 500,000 shares, worth $5,235,000.
• Ta Associates Inc: act as . On 07/05/2011, sold 220,884 shares, worth $3,845,600.
• Ta Associates Inc: act as . On 07/08/2011, sold 220,884 shares, worth $3,823,500.
• Ta Associates Inc: act as . On 07/13/2011, sold 220,884 shares, worth $3,786,000.

SEC data indicate that these institutions significantly reduced their stock shares of MetroPCS Communications, Inc. in Q3 2011:

• SYSTEMATIC FINANCIAL MANAGEMENT LP: On 06/30/2011, held 5,432,860 shares, worth $93,499,521. On 09/30/2011, held 0 shares.
• COLUMBUS CIRCLE INVESTORS: On 06/30/2011, held 4,232,059 shares, worth $72,833,735. On 09/30/2011, held 0 shares.
• FRIESS ASSOCIATES LLC: On 06/30/2011, held 4,081,600 shares, worth $70,244,336. On 09/30/2011, held 0 shares.
• NORTHCOAST ASSET MANAGEMENT LLC: On 06/30/2011, held 2,220,676 shares, worth $38,217,834. On 09/30/2011, held 0 shares.

About the company: MetroPCS Communications, Inc. is a wireless communications provider in the United States. The Company offers unlimited wireless voice and data services to the mass market.

Competitors to Watch: Leap Wireless Intl., Inc. (NASDAQ:LEAP), Verizon Communications Inc. (NYSE:VZ), Sprint Nextel Corporation (NYSE:S), NTELOS Holdings Corp. (NASDAQ:NTLS), Telephone & Data Systems, Inc. (NYSE:TDS), United States Cellular Corp. (NYSE:USM), AT&T Inc. (NYSE:T), Shenandoah Telecommunications Co. (NASDAQ:SHEN), Clearwire Corporation (NASDAQ:CLWR), and Deutsche Telekom AG (DTEGY).

(Note: Data regarding MetroPCS Communications, Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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To contact the reporter on this story: Dave Friedman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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