C M Bidwell & Associates Ltd. boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 168.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,720 shares of the Wireless communications provider’s stock after purchasing an additional 66,340 shares during the period. T-Mobile US comprises 1.4% of C M Bidwell & Associates Ltd.’s investment portfolio, making the stock its 24th biggest position. C M Bidwell & Associates Ltd.’s holdings in T-Mobile US were worth $6,409,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMUS. Proficio Capital Partners LLC increased its stake in T-Mobile US by 23.8% in the 1st quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock valued at $108,000 after purchasing an additional 306 shares in the last quarter. Barrett Asset Management LLC purchased a new position in T-Mobile US in the 2nd quarter valued at approximately $110,000. Fifth Third Bancorp increased its stake in T-Mobile US by 64.8% in the 1st quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock valued at $112,000 after purchasing an additional 680 shares in the last quarter. Smithfield Trust Co. increased its stake in T-Mobile US by 1,513.6% in the 2nd quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock valued at $115,000 after purchasing an additional 1,786 shares in the last quarter. Finally, D. Scott Neal Inc. purchased a new position in T-Mobile US in the 2nd quarter valued at approximately $116,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

Shares of T-Mobile US, Inc. (NASDAQ:TMUS) traded up 1.45% during midday trading on Friday, hitting $62.41. The stock had a trading volume of 4,124,830 shares. The company’s 50-day moving average price is $63.02 and its 200-day moving average price is $63.86. T-Mobile US, Inc. has a 12-month low of $45.07 and a 12-month high of $68.88. The firm has a market cap of $51.87 billion, a price-to-earnings ratio of 26.44 and a beta of 0.40.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $9.82 billion. During the same period in the previous year, the business earned $0.25 EPS. The company’s revenue was up 10.0% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post $2.28 EPS for the current year.

Several equities analysts recently weighed in on the company. Robert W. Baird reaffirmed a “hold” rating and issued a $70.00 price objective on shares of T-Mobile US in a research note on Wednesday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $76.00 price objective on shares of T-Mobile US in a research note on Tuesday. BidaskClub downgraded T-Mobile US from a “hold” rating to a “sell” rating in a research note on Saturday, September 30th. KeyCorp reaffirmed an “overweight” rating and issued a $72.00 price objective on shares of T-Mobile US in a research note on Saturday, September 16th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $70.00 price objective on shares of T-Mobile US in a research note on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. T-Mobile US has a consensus rating of “Buy” and a consensus price target of $70.23.

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T-Mobile US Company Profile

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

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