Paulson & CO. Inc. grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 46.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,050,700 shares of the Wireless communications provider’s stock after acquiring an additional 1,910,600 shares during the quarter. T-Mobile US comprises approximately 5.0% of Paulson & CO. Inc.’s portfolio, making the stock its 6th biggest holding. Paulson & CO. Inc. owned approximately 0.73% of T-Mobile US worth $366,793,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. OZ Management LP lifted its position in shares of T-Mobile US by 35.7% in the second quarter. OZ Management LP now owns 1,733,472 shares of the Wireless communications provider’s stock valued at $105,083,000 after acquiring an additional 455,847 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of T-Mobile US by 6.6% in the second quarter. Oppenheimer & Co. Inc. now owns 28,740 shares of the Wireless communications provider’s stock valued at $1,742,000 after acquiring an additional 1,789 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of T-Mobile US by 1,887.3% in the second quarter. PNC Financial Services Group Inc. now owns 1,053,568 shares of the Wireless communications provider’s stock valued at $63,865,000 after acquiring an additional 1,000,552 shares in the last quarter. Arizona State Retirement System purchased a new stake in shares of T-Mobile US in the second quarter valued at $1,390,000. Finally, APG Asset Management N.V. lifted its position in shares of T-Mobile US by 11.8% in the second quarter. APG Asset Management N.V. now owns 3,555,136 shares of the Wireless communications provider’s stock valued at $215,512,000 after acquiring an additional 376,200 shares in the last quarter. Institutional investors and hedge funds own 34.76% of the company’s stock.

T-Mobile US, Inc. (NASDAQ TMUS) traded down 0.25% during midday trading on Tuesday, hitting $60.82. The stock had a trading volume of 459,646 shares. T-Mobile US, Inc. has a 12-month low of $45.90 and a 12-month high of $68.88. The stock has a market cap of $50.54 billion, a P/E ratio of 25.77 and a beta of 0.40. The company’s 50-day moving average price is $62.66 and its 200 day moving average price is $63.77.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.29. The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $9.82 billion. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. On average, equities research analysts predict that T-Mobile US, Inc. will post $2.27 earnings per share for the current fiscal year.

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TMUS has been the topic of several recent research reports. Jefferies Group LLC restated a “buy” rating and issued a $80.00 price objective on shares of T-Mobile US in a research report on Saturday, July 22nd. Cowen and Company restated a “buy” rating and issued a $70.00 price objective on shares of T-Mobile US in a research report on Friday, August 25th. BidaskClub upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. William Blair reiterated a “buy” rating on shares of T-Mobile US in a research report on Saturday, July 22nd. Finally, UBS AG reiterated a “buy” rating and set a $80.00 target price on shares of T-Mobile US in a research report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $70.02.

About T-Mobile US

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.

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

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