Alpine Woods Capital Investors LLC lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 33.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,500 shares of the Wireless communications provider’s stock after selling 19,300 shares during the period. Alpine Woods Capital Investors LLC’s holdings in T-Mobile US were worth $2,334,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Proficio Capital Partners LLC boosted its stake in T-Mobile US by 23.8% in the first quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock valued at $108,000 after buying an additional 306 shares during the period. Fifth Third Bancorp boosted its stake in T-Mobile US by 64.8% in the first quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock valued at $112,000 after buying an additional 680 shares during the period. Barrett Asset Management LLC bought a new stake in T-Mobile US during the second quarter valued at $110,000. Smithfield Trust Co. boosted its stake in T-Mobile US by 1,513.6% in the second quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock valued at $115,000 after buying an additional 1,786 shares during the period. Finally, D. Scott Neal Inc. bought a new stake in T-Mobile US during the second quarter valued at $116,000. Hedge funds and other institutional investors own 35.89% of the company’s stock.

T-Mobile US, Inc. (NASDAQ:TMUS) opened at 63.78 on Tuesday. T-Mobile US, Inc. has a 12-month low of $44.35 and a 12-month high of $68.88. The stock has a market capitalization of $53.00 billion, a PE ratio of 27.03 and a beta of 0.49. The stock’s 50 day moving average is $61.98 and its 200 day moving average is $63.62.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.29. The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $9.82 billion. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. T-Mobile US’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $0.25 EPS. Equities analysts anticipate that T-Mobile US, Inc. will post $2.32 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Alpine Woods Capital Investors LLC Lowers Position in T-Mobile US, Inc. (TMUS)” was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of US & international copyright law. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/alpine-woods-capital-investors-llc-lowers-position-in-t-mobile-us-inc-tmus/1490030.html.

Several research firms have recently weighed in on TMUS. BidaskClub upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of T-Mobile US in a report on Wednesday, June 28th. Robert W. Baird increased their target price on shares of T-Mobile US from $64.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, April 26th. William Blair reaffirmed a “buy” rating on shares of T-Mobile US in a report on Saturday, July 22nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 target price on shares of T-Mobile US in a report on Saturday, July 22nd. 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. T-Mobile US currently has an average rating of “Buy” and a consensus target price of $68.82.

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS).

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

Receive News & Ratings for T-Mobile US Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.