T-Mobile US, Inc. (NASDAQ:TMUS) Stake Boosted by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 16.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 228,794 shares of the Wireless communications provider’s stock after buying an additional 32,243 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in T-Mobile US were worth $13,869,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. OZ Management LP raised its position in T-Mobile US by 35.7% during the 2nd quarter. OZ Management LP now owns 1,733,472 shares of the Wireless communications provider’s stock worth $105,083,000 after buying an additional 455,847 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in T-Mobile US by 6.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 28,740 shares of the Wireless communications provider’s stock worth $1,742,000 after buying an additional 1,789 shares during the last quarter. PNC Financial Services Group Inc. raised its position in T-Mobile US by 1,887.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,053,568 shares of the Wireless communications provider’s stock worth $63,865,000 after buying an additional 1,000,552 shares during the last quarter. Arizona State Retirement System purchased a new position in T-Mobile US during the 2nd quarter worth $1,390,000. Finally, APG Asset Management N.V. raised its position in T-Mobile US by 11.8% during the 2nd quarter. APG Asset Management N.V. now owns 3,555,136 shares of the Wireless communications provider’s stock worth $215,512,000 after buying an additional 376,200 shares during the last quarter. Institutional investors and hedge funds own 35.11% of the company’s stock.

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A number of research firms have recently weighed in on TMUS. Bank of America Corporation upped their price target on shares of T-Mobile US from $34.00 to $40.00 and gave the stock an “underperform” rating in a research note on Tuesday. Macquarie reaffirmed a “hold” rating and set a $68.00 price target on shares of T-Mobile US in a research note on Tuesday. Societe Generale began coverage on shares of T-Mobile US in a research note on Tuesday. They set a “buy” rating and a $71.00 price target on the stock. Moffett Nathanson reaffirmed a “neutral” rating on shares of T-Mobile US in a research note on Thursday, October 12th. Finally, BTIG Research increased their price objective on shares of T-Mobile US from $74.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. T-Mobile US currently has an average rating of “Buy” and a consensus target price of $70.43.

T-Mobile US, Inc. (NASDAQ:TMUS) traded up 0.79% during midday trading on Friday, reaching $62.22. The company’s stock had a trading volume of 517,123 shares. The firm has a 50 day moving average price of $62.13 and a 200 day moving average price of $63.62. T-Mobile US, Inc. has a 1-year low of $48.76 and a 1-year high of $68.88. The firm has a market capitalization of $51.71 billion, a PE ratio of 26.36 and a beta of 0.40.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.17. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The company had revenue of $10.02 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same quarter last year, the company posted $0.27 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, analysts predict that T-Mobile US, Inc. will post $2.41 EPS for the current year.

T-Mobile US Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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