Piedmont Investment Advisors LLC Raises Position in T-Mobile US, Inc. (TMUS)
Piedmont Investment Advisors LLC increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,967 shares of the Wireless communications provider’s stock after purchasing an additional 2,285 shares during the period. Piedmont Investment Advisors LLC’s holdings in T-Mobile US were worth $3,756,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. raised its position in shares of T-Mobile US by 151.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,920 shares of the Wireless communications provider’s stock worth $601,000 after purchasing an additional 5,978 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in T-Mobile US by 7.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,405 shares of the Wireless communications provider’s stock worth $1,662,000 after acquiring an additional 2,010 shares during the period. Bluefin Trading LLC purchased a new stake in T-Mobile US in the 2nd quarter worth approximately $234,000. C M Bidwell & Associates Ltd. grew its stake in T-Mobile US by 168.5% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 105,720 shares of the Wireless communications provider’s stock worth $6,409,000 after acquiring an additional 66,340 shares during the period. Finally, Cubist Systematic Strategies LLC grew its stake in T-Mobile US by 744.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 30,956 shares of the Wireless communications provider’s stock worth $1,877,000 after acquiring an additional 27,291 shares during the period. Hedge funds and other institutional investors own 34.77% of the company’s stock.
TMUS has been the subject of several recent analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a $70.00 target price (up from $69.00) on shares of T-Mobile US in a research note on Friday, July 14th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating on shares of T-Mobile US in a research note on Wednesday, June 28th. Zacks Investment Research raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $80.00 target price on shares of T-Mobile US in a research note on Thursday, September 7th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $73.00 target price (up from $70.00) on shares of T-Mobile US in a research note on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. T-Mobile US has a consensus rating of “Buy” and a consensus price target of $70.02.
Shares of T-Mobile US, Inc. (NASDAQ:TMUS) traded up 0.18% during trading on Friday, reaching $61.39. 2,389,460 shares of the company’s stock were exchanged. The firm has a market capitalization of $51.02 billion, a P/E ratio of 26.01 and a beta of 0.40. T-Mobile US, Inc. has a 52-week low of $46.04 and a 52-week high of $68.88. The company has a 50 day moving average of $62.69 and a 200 day moving average of $63.78.
T-Mobile US (NASDAQ:TMUS) last posted its earnings results 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 business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same period last year, the business posted $0.25 EPS. T-Mobile US’s revenue was up 10.0% compared to the same quarter last year. Equities analysts anticipate that T-Mobile US, Inc. will post $2.27 earnings per share for the current fiscal year.
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About T-Mobile US
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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