T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by Park Edge Advisors LLC

Park Edge Advisors LLC boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 51.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,794 shares of the Wireless communications provider’s stock after acquiring an additional 1,629 shares during the period. Park Edge Advisors LLC’s holdings in T-Mobile US were worth $1,279,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TMUS. Tallon Kerry Patrick acquired a new position in T-Mobile US during the 4th quarter valued at approximately $2,138,000. U.S. Capital Wealth Advisors LLC acquired a new stake in T-Mobile US in the fourth quarter worth $346,000. Resonant Capital Advisors LLC lifted its stake in T-Mobile US by 3.6% in the fourth quarter. Resonant Capital Advisors LLC now owns 1,488 shares of the Wireless communications provider’s stock valued at $328,000 after buying an additional 52 shares during the last quarter. Financial Life Planners acquired a new position in shares of T-Mobile US during the fourth quarter valued at $29,000. Finally, Patron Partners LLC boosted its holdings in shares of T-Mobile US by 3.9% during the fourth quarter. Patron Partners LLC now owns 3,344 shares of the Wireless communications provider’s stock valued at $738,000 after acquiring an additional 125 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and issued a $275.00 price objective on shares of T-Mobile US in a report on Thursday, March 27th. UBS Group cut shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Tigress Financial raised their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Royal Bank of Canada boosted their price objective on T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. increased their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Tuesday, March 18th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $257.68.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $243.88 on Wednesday. T-Mobile US, Inc. has a 52 week low of $171.18 and a 52 week high of $276.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock has a market cap of $276.91 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69. The company’s 50-day moving average price is $249.84 and its two-hundred day moving average price is $243.95.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.67 billion. During the same quarter in the previous year, the company posted $2.00 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

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 customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.