Braun Stacey Associates Inc. lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 9.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 260,665 shares of the Wireless communications provider’s stock after selling 25,960 shares during the period. Braun Stacey Associates Inc.’s holdings in T-Mobile US were worth $16,073,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Huntington National Bank increased its stake in T-Mobile US by 11.6% in the third quarter. Huntington National Bank now owns 446,662 shares of the Wireless communications provider’s stock valued at $27,541,000 after acquiring an additional 46,526 shares during the last quarter. Boston Advisors LLC increased its stake in T-Mobile US by 3.6% in the third quarter. Boston Advisors LLC now owns 297,052 shares of the Wireless communications provider’s stock valued at $18,316,000 after acquiring an additional 10,300 shares during the last quarter. Xact Kapitalforvaltning AB increased its stake in T-Mobile US by 1.7% in the third quarter. Xact Kapitalforvaltning AB now owns 59,229 shares of the Wireless communications provider’s stock valued at $3,652,000 after acquiring an additional 1,006 shares during the last quarter. Mizuho Securities USA LLC bought a new position in T-Mobile US in the third quarter valued at $701,000. Finally, Nationwide Fund Advisors increased its stake in T-Mobile US by 2.4% in the third quarter. Nationwide Fund Advisors now owns 297,909 shares of the Wireless communications provider’s stock valued at $18,369,000 after acquiring an additional 6,979 shares during the last quarter. Institutional investors own 35.06% of the company’s stock.
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A number of research analysts recently commented on TMUS shares. Bank of America Corporation increased their target price on T-Mobile US from $34.00 to $40.00 and gave the company an “underperform” rating in a research note on Tuesday, October 24th. Deutsche Bank AG reduced their price objective on T-Mobile US from $70.00 to $65.00 and set a “hold” rating on the stock in a research note on Tuesday, October 10th. KeyCorp set a $72.00 price objective on T-Mobile US and gave the company a “buy” rating in a research note on Wednesday, October 11th. UBS AG reaffirmed a “buy” rating and set a $70.00 price objective (down from $80.00) on shares of T-Mobile US in a research note on Monday, November 6th. Finally, Robert W. Baird reiterated a “hold” rating and set a $70.00 target price on shares of T-Mobile US in a report on Wednesday, October 4th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $69.91.
T-Mobile US, Inc. (TMUS) traded up $0.80 on Friday, hitting $56.80. 5,758,900 shares of the company were exchanged, compared to its average volume of 4,259,799. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92. T-Mobile US, Inc. has a 52 week low of $51.54 and a 52 week high of $68.88. The stock has a market cap of $46,589.99, a PE ratio of 25.34, a price-to-earnings-growth ratio of 1.23 and a beta of 0.29.
T-Mobile US (NASDAQ:TMUS) last released its earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The company had revenue of $10.02 billion for the quarter, compared to analysts’ expectations of $10.01 billion. During the same quarter in the previous year, the company earned $0.27 EPS. T-Mobile US’s revenue for the quarter was up 7.7% on a year-over-year basis. equities research analysts anticipate that T-Mobile US, Inc. will post 2.33 EPS for the current year.
About T-Mobile US
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.
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