T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by Paradigm Financial Partners LLC

Paradigm Financial Partners LLC grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 13.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,676 shares of the Wireless communications provider’s stock after purchasing an additional 3,366 shares during the quarter. T-Mobile US makes up about 1.0% of Paradigm Financial Partners LLC’s holdings, making the stock its 23rd biggest position. Paradigm Financial Partners LLC’s holdings in T-Mobile US were worth $4,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. FFT Wealth Management LLC acquired a new position in shares of T-Mobile US in the 2nd quarter valued at $32,000. Eagle Bay Advisors LLC acquired a new position in shares of T-Mobile US in the 2nd quarter valued at $34,000. Harvest Fund Management Co. Ltd acquired a new position in shares of T-Mobile US in the 2nd quarter valued at $34,000. TCI Wealth Advisors Inc. increased its holdings in shares of T-Mobile US by 38.1% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 330 shares of the Wireless communications provider’s stock valued at $48,000 after acquiring an additional 91 shares during the period. Finally, Credit Agricole S A increased its holdings in shares of T-Mobile US by 74.1% in the 1st quarter. Credit Agricole S A now owns 357 shares of the Wireless communications provider’s stock valued at $45,000 after acquiring an additional 152 shares during the period. 38.99% of the stock is currently owned by institutional investors.

In other news, EVP David A. Miller sold 3,000 shares of the company’s stock in a transaction dated Wednesday, August 11th. The shares were sold at an average price of $143.31, for a total transaction of $429,930.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $142.63, for a total transaction of $2,852,600.00. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by corporate insiders.

Shares of T-Mobile US stock traded down $1.51 on Friday, hitting $129.43. The company’s stock had a trading volume of 3,712,062 shares, compared to its average volume of 4,486,363. T-Mobile US, Inc. has a 52-week low of $107.56 and a 52-week high of $150.20. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.08. The firm has a fifty day moving average price of $138.39 and a 200-day moving average price of $137.30. The company has a market capitalization of $161.52 billion, a P/E ratio of 41.48 and a beta of 0.55.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, July 29th. The Wireless communications provider reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.26. The company had revenue of $19.95 billion for the quarter, compared to analyst estimates of $19.39 billion. T-Mobile US had a net margin of 4.93% and a return on equity of 7.41%. During the same period in the prior year, the firm earned $0.09 EPS. As a group, analysts expect that T-Mobile US, Inc. will post 2.46 earnings per share for the current year.

Several equities analysts have issued reports on TMUS shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of T-Mobile US from $188.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, August 2nd. Truist boosted their price objective on shares of T-Mobile US from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 30th. DZ Bank started coverage on shares of T-Mobile US in a research note on Tuesday, July 20th. They issued a “buy” rating and a $170.00 price objective on the stock. UBS Group started coverage on shares of T-Mobile US in a research note on Thursday, September 9th. They issued an “outperform” rating on the stock. Finally, Societe Generale reissued a “buy” rating and issued a $170.00 price objective (up from $130.00) on shares of T-Mobile US in a research note on Friday, July 16th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US has an average rating of “Buy” and a consensus target price of $162.92.

T-Mobile US Profile

T-Mobile US, Inc engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.

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

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