The Manufacturers Life Insurance Company grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,405 shares of the Wireless communications provider’s stock after acquiring an additional 2,010 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in T-Mobile US were worth $1,662,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of TMUS. Barrett Asset Management LLC acquired a new stake in shares of T-Mobile US in the 2nd quarter worth $110,000. Smithfield Trust Co. increased its stake in shares of T-Mobile US by 1,513.6% in the 2nd quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock worth $115,000 after acquiring an additional 1,786 shares during the last quarter. D. Scott Neal Inc. acquired a new stake in shares of T-Mobile US in the 2nd quarter worth $116,000. Proficio Capital Partners LLC increased its stake in shares of T-Mobile US by 54.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,463 shares of the Wireless communications provider’s stock worth $157,000 after acquiring an additional 871 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of T-Mobile US in the 2nd quarter worth $159,000. 35.06% of the stock is owned by institutional investors and hedge funds.

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Shares of T-Mobile US, Inc. (NASDAQ:TMUS) opened at $55.36 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.80. The stock has a market capitalization of $46,207.29, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.22 and a beta of 0.29. T-Mobile US, Inc. has a 12-month low of $49.05 and a 12-month high of $68.88.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. The company had revenue of $10.02 billion for the quarter, compared to analyst estimates of $10.01 billion. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. T-Mobile US’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 EPS. equities research analysts expect that T-Mobile US, Inc. will post 2.33 earnings per share for the current fiscal year.

A number of equities analysts have recently weighed in on the company. Bank of America Corporation increased their price target on T-Mobile US from $34.00 to $40.00 and gave the stock an “underperform” rating in a report on Tuesday, October 24th. Deutsche Bank AG lowered their price target on T-Mobile US from $70.00 to $65.00 and set a “hold” rating for the company in a report on Tuesday, October 10th. KeyCorp set a $72.00 price target on T-Mobile US and gave the stock a “buy” rating in a report on Wednesday, October 11th. UBS AG reiterated a “buy” rating and set a $70.00 price target (down from $80.00) on shares of T-Mobile US in a report on Monday. Finally, Robert W. Baird reiterated a “hold” rating and set a $70.00 price target on shares of T-Mobile US in a report on Wednesday, October 4th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. T-Mobile US currently has a consensus rating of “Buy” and a consensus target price of $69.91.

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.

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

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