Highland Capital Management LLC increased its stake in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 136.7% in the third quarter, Holdings Channel reports. The institutional investor owned 12,782 shares of the Wireless communications provider’s stock after buying an additional 7,383 shares during the quarter. Highland Capital Management LLC’s holdings in T-Mobile Us were worth $897,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TMUS. DnB Asset Management AS purchased a new stake in T-Mobile Us during the second quarter worth about $240,108,000. Ontario Teachers Pension Plan Board purchased a new stake in T-Mobile Us during the second quarter worth about $132,346,000. Morgan Stanley increased its holdings in T-Mobile Us by 44.5% during the second quarter. Morgan Stanley now owns 5,782,115 shares of the Wireless communications provider’s stock worth $345,483,000 after buying an additional 1,781,530 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in T-Mobile Us by 16,308.9% during the second quarter. Diamond Hill Capital Management Inc. now owns 1,290,233 shares of the Wireless communications provider’s stock worth $77,091,000 after buying an additional 1,282,370 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in T-Mobile Us by 7,776.4% during the second quarter. CIBC Private Wealth Group LLC now owns 1,272,198 shares of the Wireless communications provider’s stock worth $76,014,000 after buying an additional 1,256,046 shares during the last quarter. Institutional investors and hedge funds own 32.97% of the company’s stock.

A number of analysts recently issued reports on TMUS shares. Barclays downgraded shares of T-Mobile Us to a “buy” rating in a report on Tuesday, September 4th. BidaskClub upgraded shares of T-Mobile Us from a “hold” rating to a “buy” rating in a research note on Friday, September 28th. KeyCorp set a $76.00 target price on shares of T-Mobile Us and gave the stock a “buy” rating in a research note on Thursday, September 13th. Nomura reiterated a “neutral” rating and issued a $68.00 target price on shares of T-Mobile Us in a research note on Thursday, August 2nd. Finally, Zacks Investment Research downgraded shares of T-Mobile Us from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $71.85.

In related news, CFO J Braxton Carter II sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $68.93, for a total transaction of $1,033,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David A. Miller sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $65.00, for a total transaction of $325,000.00. Following the transaction, the executive vice president now directly owns 122,523 shares of the company’s stock, valued at approximately $7,963,995. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,622 shares of company stock valued at $6,814,861. 0.37% of the stock is owned by corporate insiders.

TMUS opened at $68.77 on Friday. The stock has a market capitalization of $59.46 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 1.35 and a beta of 0.40. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.76 and a quick ratio of 0.66. T-Mobile Us Inc has a twelve month low of $54.60 and a twelve month high of $70.94.

T-Mobile Us (NASDAQ:TMUS) last posted its earnings results on Wednesday, August 1st. The Wireless communications provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.06. The firm had revenue of $10.57 billion during the quarter, compared to the consensus estimate of $10.65 billion. T-Mobile Us had a net margin of 11.27% and a return on equity of 10.87%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $0.67 earnings per share. On average, equities research analysts anticipate that T-Mobile Us Inc will post 3.18 EPS for the current fiscal year.

T-Mobile Us Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 72.6 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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