Gluskin Sheff & Assoc Inc. lowered its stake in shares of T-Mobile US Inc. (NASDAQ:TMUS) by 20.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 321,721 shares of the company’s stock after selling 84,208 shares during the period. Gluskin Sheff & Assoc Inc.’s holdings in T-Mobile US were worth $13,921,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of T-Mobile US by 0.3% in the first quarter. JPMorgan Chase & Co. now owns 13,591,411 shares of the company’s stock worth $520,552,000 after buying an additional 43,343 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of T-Mobile US by 2.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 6,865,391 shares of the company’s stock worth $262,944,000 after buying an additional 160,125 shares in the last quarter. Carmignac Gestion boosted its stake in shares of T-Mobile US by 1.0% in the second quarter. Carmignac Gestion now owns 5,215,074 shares of the company’s stock worth $225,656,000 after buying an additional 50,700 shares in the last quarter. State Street Corp boosted its stake in shares of T-Mobile US by 2.0% in the first quarter. State Street Corp now owns 4,921,358 shares of the company’s stock worth $188,487,000 after buying an additional 97,507 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of T-Mobile US by 2.0% in the first quarter. Geode Capital Management LLC now owns 1,937,905 shares of the company’s stock worth $74,182,000 after buying an additional 38,059 shares in the last quarter. 34.17% of the stock is owned by hedge funds and other institutional investors.

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

T-Mobile US Inc. (NASDAQ:TMUS) traded down 1.465% on Wednesday, reaching $46.065. 2,240,175 shares of the company traded hands. The stock has a market capitalization of $37.90 billion, a price-to-earnings ratio of 35.435 and a beta of 0.51. The stock has a 50 day moving average of $46.42 and a 200-day moving average of $43.17. T-Mobile US Inc. has a 1-year low of $33.23 and a 1-year high of $48.11.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 27th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05. T-Mobile US had a net margin of 3.36% and a return on equity of 6.77%. The business earned $9.20 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the prior year, the firm earned $0.42 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities analysts anticipate that T-Mobile US Inc. will post $1.30 EPS for the current year.

TMUS has been the subject of a number of analyst reports. Jefferies Group reissued a “buy” rating and issued a $55.00 price objective on shares of T-Mobile US in a research note on Monday, August 8th. Vetr cut shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $48.53 price objective for the company. in a research note on Monday, September 5th. Argus reissued a “buy” rating and issued a $56.00 price objective (up from $49.00) on shares of T-Mobile US in a research note on Thursday, August 4th. BTIG Research increased their price objective on shares of T-Mobile US from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Finally, HSBC reissued a “hold” rating on shares of T-Mobile US in a research note on Wednesday, September 28th. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $49.12.

In other news, insider Thomas Christopher Keys sold 14,700 shares of the business’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $47.11, for a total transaction of $692,517.00. Following the transaction, the insider now owns 355,876 shares of the company’s stock, valued at approximately $16,765,318.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Neville R. Ray sold 3,969 shares of the business’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $45.01, for a total transaction of $178,644.69. Following the transaction, the executive vice president now directly owns 206,073 shares in the company, valued at approximately $9,275,345.73. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

5 Day Chart for NASDAQ:TMUS

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