Cambridge Investment Research Advisors Inc. lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 30.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,830 shares of the Wireless communications provider’s stock after purchasing an additional 1,363 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in T-Mobile US were worth $353,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TMUS. LS Investment Advisors LLC lifted its position in shares of T-Mobile US by 7.0% in the 1st quarter. LS Investment Advisors LLC now owns 3,846 shares of the Wireless communications provider’s stock worth $248,000 after purchasing an additional 250 shares during the period. World Asset Management Inc lifted its position in shares of T-Mobile US by 15.7% in the 1st quarter. World Asset Management Inc now owns 12,704 shares of the Wireless communications provider’s stock worth $821,000 after purchasing an additional 1,725 shares during the period. UBS Asset Management Americas Inc. lifted its position in shares of T-Mobile US by 6.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 3,090,001 shares of the Wireless communications provider’s stock worth $199,583,000 after purchasing an additional 180,437 shares during the period. Sei Investments Co. lifted its position in shares of T-Mobile US by 2.1% in the 1st quarter. Sei Investments Co. now owns 109,578 shares of the Wireless communications provider’s stock worth $7,077,000 after purchasing an additional 2,216 shares during the period. Finally, Trexquant Investment LP lifted its position in shares of T-Mobile US by 16.2% in the 1st quarter. Trexquant Investment LP now owns 4,300 shares of the Wireless communications provider’s stock worth $278,000 after purchasing an additional 600 shares during the period. 34.72% of the stock is owned by hedge funds and other institutional investors.

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Shares of T-Mobile US, Inc. (TMUS) opened at 61.17 on Friday. The company has a market capitalization of $50.84 billion, a price-to-earnings ratio of 25.92 and a beta of 0.47. The stock has a 50 day moving average of $63.38 and a 200-day moving average of $63.83. T-Mobile US, Inc. has a 52 week low of $44.49 and a 52 week high of $68.88.

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

TMUS has been the subject of several research analyst reports. Goldman Sachs Group, Inc. (The) raised shares of T-Mobile US from a “buy” rating to a “conviction-buy” rating and dropped their target price for the stock from $81.00 to $65.72 in a research report on Friday, May 19th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $76.00 target price on shares of T-Mobile US in a research report on Friday, June 2nd. Drexel Hamilton initiated coverage on shares of T-Mobile US in a research report on Thursday, June 8th. They issued a “buy” rating and a $80.00 target price for the company. BidaskClub cut shares of T-Mobile US from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $69.00 target price on shares of T-Mobile US in a research report on Friday, June 23rd. Twelve research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $70.15.

T-Mobile US Company 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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