Huntington National Bank cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 400,136 shares of the Wireless communications provider’s stock after selling 17,553 shares during the period. Huntington National Bank’s holdings in T-Mobile US were worth $24,256,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. USA Financial Portformulas Corp acquired a new position in shares of T-Mobile US during the fourth quarter valued at approximately $6,104,000. Teachers Advisors LLC increased its position in shares of T-Mobile US by 15.2% in the fourth quarter. Teachers Advisors LLC now owns 1,728,096 shares of the Wireless communications provider’s stock valued at $99,383,000 after buying an additional 228,349 shares during the last quarter. Searle & CO. acquired a new position in shares of T-Mobile US during the fourth quarter valued at approximately $460,000. Atalanta Sosnoff Capital LLC increased its position in shares of T-Mobile US by 32.0% in the first quarter. Atalanta Sosnoff Capital LLC now owns 370,758 shares of the Wireless communications provider’s stock valued at $23,947,000 after buying an additional 89,814 shares during the last quarter. Finally, Creative Planning increased its position in shares of T-Mobile US by 25.9% in the first quarter. Creative Planning now owns 3,203 shares of the Wireless communications provider’s stock valued at $207,000 after buying an additional 658 shares during the last quarter. 35.89% of the stock is currently owned by institutional investors and hedge funds.
T-Mobile US, Inc. (TMUS) traded up 0.02% during trading on Friday, hitting $63.00. 1,419,593 shares of the stock were exchanged. The firm’s 50-day moving average is $62.21 and its 200 day moving average is $63.64. The firm has a market cap of $52.36 billion, a PE ratio of 26.69 and a beta of 0.49. T-Mobile US, Inc. has a 52 week low of $44.35 and a 52 week 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 analysts’ consensus estimates of $0.38 by $0.29. The company had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $9.82 billion. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 earnings per share. Analysts expect that T-Mobile US, Inc. will post $2.29 earnings per share for the current fiscal year.
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Several research analysts recently weighed in on TMUS shares. Goldman Sachs Group, Inc. (The) upgraded shares of T-Mobile US from a “buy” rating to a “conviction-buy” rating and dropped their price objective for the stock from $81.00 to $65.72 in a research report on Friday, May 19th. Deutsche Bank AG restated a “hold” rating and issued a $70.00 price objective (up previously from $69.00) on shares of T-Mobile US in a research report on Friday, July 14th. Jefferies Group LLC boosted their price objective on shares of T-Mobile US from $71.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Zacks Investment Research upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of T-Mobile US in a research report on Wednesday, April 26th. Eleven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. T-Mobile US presently has an average rating of “Buy” and a consensus price target of $68.82.
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