Cubist Systematic Strategies LLC boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 136.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,128 shares of the Wireless communications provider’s stock after purchasing an additional 42,172 shares during the period. Cubist Systematic Strategies LLC’s holdings in T-Mobile US were worth $4,509,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Rational Advisors LLC bought a new stake in T-Mobile US in the third quarter worth $105,000. Capital Bank & Trust Co lifted its stake in T-Mobile US by 3,128.6% in the third quarter. Capital Bank & Trust Co now owns 2,260 shares of the Wireless communications provider’s stock worth $139,000 after purchasing an additional 2,190 shares during the last quarter. Opera Trading Capital bought a new stake in T-Mobile US in the third quarter worth $154,000. Proficio Capital Partners LLC increased its position in shares of T-Mobile US by 54.7% in the second quarter. Proficio Capital Partners LLC now owns 2,463 shares of the Wireless communications provider’s stock valued at $157,000 after acquiring an additional 871 shares during the period. Finally, Captrust Financial Advisors purchased a new position in shares of T-Mobile US in the second quarter valued at about $159,000. 34.96% of the stock is owned by institutional investors and hedge funds.

T-Mobile US, Inc. (TMUS) opened at $62.54 on Monday. T-Mobile US, Inc. has a 52-week low of $54.60 and a 52-week high of $68.88. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92. The stock has a market cap of $52,030.00, a PE ratio of 28.30, a P/E/G ratio of 1.17 and a beta of 0.29.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.17. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The company had revenue of $10.02 billion for the quarter, compared to analysts’ expectations of $10.01 billion. During the same quarter in the previous year, the company earned $0.27 earnings per share. T-Mobile US’s quarterly revenue was up 7.7% on a year-over-year basis. research analysts forecast that T-Mobile US, Inc. will post 2.41 EPS for the current fiscal year.

T-Mobile US declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 6th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the Wireless communications provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

A number of research firms have issued reports on TMUS. Moffett Nathanson restated a “neutral” rating on shares of T-Mobile US in a research report on Thursday, October 12th. BidaskClub cut shares of T-Mobile US from a “hold” rating to a “sell” rating in a research report on Saturday, September 30th. Royal Bank Of Canada restated a “buy” rating and issued a $76.00 price objective on shares of T-Mobile US in a research report on Tuesday, October 3rd. KeyCorp restated an “overweight” rating and issued a $72.00 price objective on shares of T-Mobile US in a research report on Saturday, September 16th. Finally, Robert W. Baird restated a “hold” rating and issued a $70.00 price objective on shares of T-Mobile US in a research report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. T-Mobile US currently has an average rating of “Buy” and an average price target of $69.34.

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T-Mobile US Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.

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

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