Bowling Portfolio Management LLC Invests $2.07 Million in T-Mobile US, Inc. (NASDAQ:TMUS)

Bowling Portfolio Management LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 34,200 shares of the Wireless communications provider’s stock, valued at approximately $2,073,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TMUS. FMR LLC increased its position in T-Mobile US by 2.6% in the first quarter. FMR LLC now owns 28,593,003 shares of the Wireless communications provider’s stock valued at $1,846,822,000 after buying an additional 736,329 shares during the period. Vanguard Group Inc. boosted its stake in T-Mobile US by 2.6% in the first quarter. Vanguard Group Inc. now owns 15,111,566 shares of the Wireless communications provider’s stock valued at $976,056,000 after buying an additional 379,244 shares in the last quarter. BlackRock Inc. boosted its stake in T-Mobile US by 3,998.0% in the first quarter. BlackRock Inc. now owns 13,832,340 shares of the Wireless communications provider’s stock valued at $893,431,000 after buying an additional 13,494,802 shares in the last quarter. State Street Corp boosted its stake in T-Mobile US by 2.3% in the first quarter. State Street Corp now owns 5,309,965 shares of the Wireless communications provider’s stock valued at $342,971,000 after buying an additional 119,285 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in T-Mobile US by 12.3% in the first quarter. JPMorgan Chase & Co. now owns 4,771,311 shares of the Wireless communications provider’s stock valued at $308,181,000 after buying an additional 523,482 shares in the last quarter. 35.89% of the stock is owned by institutional investors.

T-Mobile US, Inc. (NASDAQ:TMUS) opened at 63.00 on Friday. The stock has a market capitalization of $52.36 billion, a PE ratio of 26.69 and a beta of 0.49. The firm has a 50-day moving average of $62.21 and a 200 day moving average of $63.64. T-Mobile US, Inc. has a one year low of $44.35 and a one year high of $68.88.

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

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Several analysts have issued reports on the stock. Jefferies Group LLC increased their target price on shares of T-Mobile US from $71.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Zacks Investment Research cut shares of T-Mobile US from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Wells Fargo & Company restated an “outperform” rating on shares of T-Mobile US in a research report on Wednesday, April 26th. Royal Bank Of Canada restated a “buy” rating and set a $76.00 price objective on shares of T-Mobile US in a research report on Friday, June 2nd. Finally, Deutsche Bank AG raised their price objective on shares of T-Mobile US from $68.00 to $69.00 and gave the company a “hold” rating in a research report on Tuesday, April 25th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $68.82.

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

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