Daiwa Securities Group Inc. reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.3% during the second quarter, Holdings Channel reports. The institutional investor owned 14,300 shares of the Wireless communications provider’s stock after selling 800 shares during the period. Daiwa Securities Group Inc.’s holdings in T-Mobile US were worth $867,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Proficio Capital Partners LLC boosted its stake in shares of 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 worth $108,000 after buying an additional 306 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of 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 worth $112,000 after buying an additional 680 shares in the last quarter. D. Scott Neal Inc. purchased a new stake in shares of T-Mobile US during the second quarter worth approximately $116,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of T-Mobile US by 62.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,950 shares of the Wireless communications provider’s stock worth $126,000 after buying an additional 750 shares in the last quarter. Finally, NEXT Financial Group Inc boosted its stake in shares of T-Mobile US by 233.3% in the first quarter. NEXT Financial Group Inc now owns 2,000 shares of the Wireless communications provider’s stock worth $135,000 after buying an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 36.75% of the company’s stock.

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

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $9.82 billion. During the same period in the prior year, the business posted $0.25 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. Analysts expect that T-Mobile US, Inc. will post $2.32 EPS for the current fiscal year.

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TMUS has been the topic of several research analyst reports. SunTrust Banks, Inc. initiated coverage on shares of T-Mobile US in a research report on Tuesday, April 18th. They issued a “buy” rating and a $76.00 price objective on the stock. Jefferies Group LLC increased their price objective on shares of T-Mobile US from $71.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. William Blair reissued a “buy” rating on shares of T-Mobile US in a research report on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of T-Mobile US in a research report on Monday, May 22nd. They issued a “buy” rating on the stock. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $76.00 price objective on shares of T-Mobile US in a research report on Friday, June 2nd. Eleven 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 a consensus rating of “Buy” and an average target price of $68.82.

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

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