First Trust Advisors LP Acquires 126,384 Shares of T-Mobile Us Inc (TMUS)

First Trust Advisors LP raised its holdings in T-Mobile Us Inc (NASDAQ:TMUS) by 44.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 412,446 shares of the Wireless communications provider’s stock after acquiring an additional 126,384 shares during the period. First Trust Advisors LP’s holdings in T-Mobile Us were worth $28,945,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TMUS. Ontario Teachers Pension Plan Board acquired a new stake in T-Mobile Us in the 2nd quarter valued at about $132,346,000. Morgan Stanley increased its holdings in shares of T-Mobile Us by 44.5% during the 2nd quarter. Morgan Stanley now owns 5,782,115 shares of the Wireless communications provider’s stock worth $345,483,000 after buying an additional 1,781,530 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of T-Mobile Us by 16,308.9% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 1,290,233 shares of the Wireless communications provider’s stock worth $77,091,000 after buying an additional 1,282,370 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of T-Mobile Us by 7,776.4% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 1,272,198 shares of the Wireless communications provider’s stock worth $76,014,000 after buying an additional 1,256,046 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of T-Mobile Us during the 2nd quarter worth approximately $62,594,000. Institutional investors own 32.78% of the company’s stock.

NASDAQ:TMUS opened at $68.51 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.85 and a quick ratio of 0.66. The company has a market cap of $58.12 billion, a P/E ratio of 29.92, a P/E/G ratio of 2.29 and a beta of 0.39. T-Mobile Us Inc has a fifty-two week low of $54.60 and a fifty-two week high of $70.94.

T-Mobile Us (NASDAQ:TMUS) last posted its quarterly earnings data on Tuesday, October 30th. The Wireless communications provider reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.08. The firm had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.73 billion. T-Mobile Us had a net margin of 11.63% and a return on equity of 11.44%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $0.63 EPS. As a group, equities analysts forecast that T-Mobile Us Inc will post 3.3 EPS for the current year.

In other T-Mobile Us news, insider Thomas Christopher Keys sold 65,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $65.63, for a total value of $4,265,950.00. Following the completion of the transaction, the insider now owns 381,883 shares of the company’s stock, valued at approximately $25,062,981.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David A. Miller sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $65.00, for a total transaction of $325,000.00. Following the completion of the transaction, the executive vice president now directly owns 122,523 shares of the company’s stock, valued at approximately $7,963,995. The disclosure for this sale can be found here. Insiders sold a total of 102,622 shares of company stock valued at $6,814,861 in the last three months. 0.37% of the stock is currently owned by corporate insiders.

A number of analysts have recently issued reports on the stock. Nomura raised their price target on shares of T-Mobile Us from $68.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday. BidaskClub downgraded shares of T-Mobile Us from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. Wells Fargo & Co raised their price target on shares of T-Mobile Us from $77.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, October 29th. Moffett Nathanson restated a “buy” rating on shares of T-Mobile Us in a report on Wednesday. Finally, Guggenheim assumed coverage on shares of T-Mobile Us in a report on Thursday. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $72.74.

T-Mobile Us Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 72.6 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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