DekaBank Deutsche Girozentrale lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 383,270 shares of the Wireless communications provider’s stock after selling 43,909 shares during the period. DekaBank Deutsche Girozentrale’s holdings in T-Mobile US were worth $23,175,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Creative Planning increased its position in T-Mobile US by 25.9% in the first quarter. Creative Planning now owns 3,203 shares of the Wireless communications provider’s stock worth $207,000 after buying an additional 658 shares in the last quarter. Highland Capital Management LLC bought a new position in T-Mobile US during the first quarter worth approximately $1,127,000. Bank of Montreal Can increased its position in T-Mobile US by 11.1% in the first quarter. Bank of Montreal Can now owns 219,394 shares of the Wireless communications provider’s stock worth $14,171,000 after buying an additional 21,989 shares in the last quarter. Capstone Asset Management Co. increased its position in T-Mobile US by 16.9% in the first quarter. Capstone Asset Management Co. now owns 7,748 shares of the Wireless communications provider’s stock worth $500,000 after buying an additional 1,120 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. increased its position in T-Mobile US by 145.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 7,678 shares of the Wireless communications provider’s stock worth $496,000 after buying an additional 4,544 shares in the last quarter. 36.75% of the stock is owned by institutional investors.

T-Mobile US, Inc. (NASDAQ TMUS) opened at 63.61 on Friday. T-Mobile US, Inc. has a 1-year low of $44.35 and a 1-year high of $68.88. The stock has a market capitalization of $52.86 billion, a PE ratio of 26.95 and a beta of 0.49. The stock’s 50 day moving average price is $61.97 and its 200 day moving average price is $63.57.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.29. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same period last year, the business earned $0.25 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. Equities research analysts forecast that T-Mobile US, Inc. will post $2.32 earnings per share for the current year.

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A number of research analysts have recently commented on TMUS shares. SunTrust Banks, Inc. started coverage on shares of T-Mobile US in a research note on Tuesday, April 18th. They set a “buy” rating and a $76.00 price objective for the company. Nomura reaffirmed a “hold” rating and set a $65.00 price objective on shares of T-Mobile US in a research note on Tuesday, April 25th. Macquarie upped their price objective on shares of T-Mobile US from $65.00 to $67.00 and gave the company a “hold” rating in a research note on Tuesday, April 25th. Cowen and Company upped their price objective on shares of T-Mobile US from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, April 25th. Finally, Deutsche Bank AG upped their price objective on shares of T-Mobile US from $68.00 to $69.00 and gave the company a “hold” rating in a research note on Tuesday, April 25th. Eleven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $68.82.

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

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