First Trust Advisors LP cut its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 9.3% during the second quarter, Holdings Channel reports. The institutional investor owned 1,331,807 shares of the Wireless communications provider’s stock after selling 136,113 shares during the period. First Trust Advisors LP’s holdings in T-Mobile US were worth $80,734,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TMUS. APG Asset Management N.V. increased its position in shares of T-Mobile US by 11.8% in the second quarter. APG Asset Management N.V. now owns 3,555,136 shares of the Wireless communications provider’s stock worth $215,512,000 after buying an additional 376,200 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of T-Mobile US by 2,770.0% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 143,500 shares of the Wireless communications provider’s stock worth $9,279,000 after buying an additional 138,500 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of T-Mobile US by 9.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 67,600 shares of the Wireless communications provider’s stock worth $4,098,000 after buying an additional 5,900 shares in the last quarter. DnB Asset Management AS increased its position in shares of T-Mobile US by 14.8% in the first quarter. DnB Asset Management AS now owns 57,315 shares of the Wireless communications provider’s stock worth $3,702,000 after buying an additional 7,400 shares in the last quarter. Finally, Accuvest Global Advisors acquired a new position in shares of T-Mobile US during the first quarter worth approximately $464,000. 36.75% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US, Inc. (NASDAQ TMUS) opened at 63.61 on Friday. The firm has a market capitalization of $52.86 billion, a price-to-earnings ratio of 26.95 and a beta of 0.49. The stock has a 50 day moving average of $61.97 and a 200 day moving average of $63.57. T-Mobile US, Inc. has a 12-month low of $44.35 and a 12-month high of $68.88.

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

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Several research firms recently issued reports on TMUS. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $71.00 price target on shares of T-Mobile US in a research note on Wednesday, April 26th. SunTrust Banks, Inc. began coverage on shares of T-Mobile US in a research note on Tuesday, April 18th. They set a “buy” rating and a $76.00 price target on the stock. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $75.00 price target (up previously from $70.00) on shares of T-Mobile US in a research note on Wednesday, April 26th. Pacific Crest lifted their price target on shares of T-Mobile US from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 26th. Finally, Zacks Investment Research downgraded shares of T-Mobile US from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. T-Mobile US has an average rating of “Buy” and a consensus price target of $68.82.

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

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