Victory Capital Management Inc. grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 21.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 21,986 shares of the Wireless communications provider’s stock after buying an additional 3,877 shares during the period. Victory Capital Management Inc.’s holdings in T-Mobile US were worth $1,333,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its position in shares of T-Mobile US by 2.6% during the first quarter. FMR LLC now owns 28,593,003 shares of the Wireless communications provider’s stock valued at $1,846,822,000 after buying an additional 736,329 shares during the last quarter. Vanguard Group Inc. raised its position in shares of T-Mobile US by 2.6% during the first quarter. Vanguard Group Inc. now owns 15,111,566 shares of the Wireless communications provider’s stock valued at $976,056,000 after buying an additional 379,244 shares during the last quarter. BlackRock Inc. raised its position in shares of T-Mobile US by 3,998.0% during the first quarter. BlackRock Inc. now owns 13,832,340 shares of the Wireless communications provider’s stock valued at $893,431,000 after buying an additional 13,494,802 shares during the last quarter. State Street Corp raised its position in shares of T-Mobile US by 2.3% during the first quarter. State Street Corp now owns 5,309,965 shares of the Wireless communications provider’s stock valued at $342,971,000 after buying an additional 119,285 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of T-Mobile US by 12.3% during the first quarter. JPMorgan Chase & Co. now owns 4,771,311 shares of the Wireless communications provider’s stock valued at $308,181,000 after buying an additional 523,482 shares during the last quarter. 34.72% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of T-Mobile US in a research report on Monday, May 22nd. They set a “buy” rating for the company. BidaskClub lowered shares of T-Mobile US from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Wells Fargo & Company reissued an “outperform” rating on shares of T-Mobile US in a research report on Wednesday, June 28th. Zacks Investment Research raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. Finally, Cowen and Company reissued an “outperform” rating and issued a $70.00 price target on shares of T-Mobile US in a research report on Saturday, July 22nd. Twelve analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. T-Mobile US has a consensus rating of “Buy” and a consensus target price of $70.06.

Shares of T-Mobile US, Inc. (TMUS) opened at 62.80 on Thursday. The firm has a 50-day moving average of $63.41 and a 200 day moving average of $63.86. The firm has a market capitalization of $52.19 billion, a price-to-earnings ratio of 26.61 and a beta of 0.47. T-Mobile US, Inc. has a 12-month low of $44.49 and a 12-month high of $68.88.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.29. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $9.82 billion. During the same period in the prior year, the company posted $0.25 EPS. The company’s revenue was up 10.0% on a year-over-year basis. On average, equities research analysts expect that T-Mobile US, Inc. will post $2.29 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “T-Mobile US, Inc. (TMUS) Shares Bought by Victory Capital Management Inc.” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.thecerbatgem.com/2017/09/14/t-mobile-us-inc-tmus-shares-bought-by-victory-capital-management-inc.html.

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.

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS).

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

Receive News & Stock Ratings for T-Mobile US Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US Inc. and related stocks with our FREE daily email newsletter.