Overbrook Management Corp Has $27.74 Million Position in T-Mobile US, Inc. (TMUS)

Overbrook Management Corp increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 457,608 shares of the Wireless communications provider’s stock after purchasing an additional 5,073 shares during the quarter. T-Mobile US makes up approximately 6.0% of Overbrook Management Corp’s holdings, making the stock its 6th largest holding. Overbrook Management Corp owned about 0.06% of T-Mobile US worth $27,740,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC boosted its position in T-Mobile US by 23.8% during the 1st quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock valued at $108,000 after acquiring an additional 306 shares in the last quarter. Fifth Third Bancorp boosted its position in T-Mobile US by 64.8% during the 1st quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock valued at $112,000 after acquiring an additional 680 shares in the last quarter. Barrett Asset Management LLC bought a new stake in T-Mobile US during the 2nd quarter valued at approximately $110,000. Smithfield Trust Co. boosted its position in T-Mobile US by 1,513.6% during the 2nd quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock valued at $115,000 after acquiring an additional 1,786 shares in the last quarter. Finally, D. Scott Neal Inc. bought a new stake in T-Mobile US during the 2nd quarter valued at approximately $116,000. 34.72% of the stock is currently owned by institutional investors.

Several analysts have weighed in on TMUS shares. Zacks Investment Research cut T-Mobile US from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $76.00 price objective on shares of T-Mobile US in a research report on Friday, June 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 price objective on shares of T-Mobile US in a research report on Saturday, July 22nd. Cowen and Company reaffirmed a “buy” rating and set a $70.00 price objective on shares of T-Mobile US in a research report on Friday, August 25th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $73.00 price objective (up from $70.00) on shares of T-Mobile US in a research report on Saturday, July 22nd. Twelve equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $70.06.

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) traded down 0.35% during trading on Wednesday, reaching $62.76. 868,024 shares of the company were exchanged. The firm has a market capitalization of $52.16 billion, a PE ratio of 26.59 and a beta of 0.47. T-Mobile US, Inc. has a 1-year low of $44.49 and a 1-year high of $68.88. The company’s 50-day moving average is $63.40 and its 200 day moving average is $63.85.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, beating the Zacks’ 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 company had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $9.82 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. T-Mobile US’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities research analysts expect that T-Mobile US, Inc. will post $2.29 EPS for the current fiscal year.

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

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