BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.1% during the second quarter, Holdings Channel reports. The institutional investor owned 219,167 shares of the Wireless communications provider’s stock after selling 16,743 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in T-Mobile US were worth $13,286,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the stock. Gilder Gagnon Howe & Co. LLC boosted its stake in T-Mobile US by 0.7% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 4,992 shares of the Wireless communications provider’s stock valued at $322,000 after buying an additional 33 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of T-Mobile US by 0.6% in the first quarter. Ameritas Investment Partners Inc. now owns 14,863 shares of the Wireless communications provider’s stock worth $960,000 after buying an additional 89 shares in the last quarter. World Asset Management Inc raised its position in shares of T-Mobile US by 1.3% in the second quarter. World Asset Management Inc now owns 12,868 shares of the Wireless communications provider’s stock worth $780,000 after buying an additional 164 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of T-Mobile US by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 58,413 shares of the Wireless communications provider’s stock worth $3,541,000 after buying an additional 198 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of T-Mobile US by 1.2% in the first quarter. Victory Capital Management Inc. now owns 18,109 shares of the Wireless communications provider’s stock worth $1,170,000 after buying an additional 220 shares in the last quarter. Institutional investors own 35.89% of the company’s stock.

T-Mobile US, Inc. (NASDAQ TMUS) opened at 63.88 on Wednesday. T-Mobile US, Inc. has a 52-week low of $44.35 and a 52-week high of $68.88. The stock has a market capitalization of $53.09 billion, a P/E ratio of 27.07 and a beta of 0.49. The company’s 50-day moving average price is $62.00 and its 200 day moving average price is $63.63.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. 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 $2.32 earnings per share for the current year.

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A number of research analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $76.00 price objective on shares of T-Mobile US in a report on Friday, June 2nd. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $71.00 price objective on shares of T-Mobile US in a report on Wednesday, April 26th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $75.00 price objective (up previously from $70.00) on shares of T-Mobile US in a report on Wednesday, April 26th. Instinet upped their price objective on T-Mobile US from $62.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, April 26th. Finally, Pacific Crest upped their price objective on T-Mobile US from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, April 26th. Eleven equities research 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 company. The company currently has an average rating of “Buy” and a consensus target price of $68.82.

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

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