Bp Plc increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 51.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,000 shares of the Wireless communications provider’s stock after buying an additional 17,000 shares during the period. Bp Plc’s holdings in T-Mobile US were worth $3,030,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. increased its position in T-Mobile US by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 7,691 shares of the Wireless communications provider’s stock valued at $464,000 after buying an additional 315 shares in the last quarter. State of Alaska Department of Revenue bought a new position in T-Mobile US during the first quarter valued at about $946,000. Huntington National Bank increased its position in T-Mobile US by 7.5% in the first quarter. Huntington National Bank now owns 417,689 shares of the Wireless communications provider’s stock valued at $26,979,000 after buying an additional 29,142 shares in the last quarter. Quantitative Systematic Strategies LLC increased its position in T-Mobile US by 17.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 31,369 shares of the Wireless communications provider’s stock valued at $2,026,000 after buying an additional 4,671 shares in the last quarter. Finally, Barometer Capital Management Inc. increased its position in T-Mobile US by 61.8% in the first quarter. Barometer Capital Management Inc. now owns 126,725 shares of the Wireless communications provider’s stock valued at $8,185,000 after buying an additional 48,425 shares in the last quarter. Institutional investors own 36.75% of the company’s stock.

T-Mobile US, Inc. (NASDAQ TMUS) opened at 63.80 on Thursday. The stock has a market capitalization of $53.02 billion, a PE ratio of 27.03 and a beta of 0.49. The company’s 50-day moving average is $62.00 and its 200 day moving average is $63.56. 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 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. The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $9.82 billion. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. T-Mobile US’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 EPS. On average, analysts predict that T-Mobile US, Inc. will post $2.33 EPS for the current year.

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Several research firms have issued reports on TMUS. Royal Bank Of Canada restated a “buy” rating and issued a $76.00 price objective on shares of T-Mobile US in a research note on Friday, June 2nd. J P Morgan Chase & Co restated an “overweight” rating and issued a $71.00 price objective on shares of T-Mobile US in a research note on Wednesday, April 26th. Instinet upped their price objective on shares of T-Mobile US from $62.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, April 26th. Pacific Crest upped their price objective on shares of T-Mobile US from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. Finally, Robert W. Baird upped their price objective on shares of T-Mobile US from $64.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, April 26th. 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 stock. The company presently 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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