Teacher Retirement System of Texas grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 139.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 360,514 shares of the Wireless communications provider’s stock after purchasing an additional 210,219 shares during the quarter. Teacher Retirement System of Texas’ holdings in T-Mobile US were worth $22,229,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TMUS. Janus Henderson Group PLC lifted its stake in shares of T-Mobile US by 12,230.1% in the 2nd quarter. Janus Henderson Group PLC now owns 4,479,412 shares of the Wireless communications provider’s stock valued at $271,542,000 after purchasing an additional 4,443,083 shares during the period. Capital World Investors raised its stake in T-Mobile US by 158.7% during the 2nd quarter. Capital World Investors now owns 3,867,024 shares of the Wireless communications provider’s stock worth $234,419,000 after buying an additional 2,372,024 shares during the period. Paulson & CO. Inc. raised its stake in T-Mobile US by 46.1% during the 2nd quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock worth $366,793,000 after buying an additional 1,910,600 shares during the period. Prudential Financial Inc. raised its stake in T-Mobile US by 3,877.3% during the 2nd quarter. Prudential Financial Inc. now owns 1,587,360 shares of the Wireless communications provider’s stock worth $96,226,000 after buying an additional 1,547,450 shares during the period. Finally, BlackRock Inc. raised its stake in T-Mobile US by 10.9% during the 2nd quarter. BlackRock Inc. now owns 15,334,976 shares of the Wireless communications provider’s stock worth $929,608,000 after buying an additional 1,502,636 shares during the period. 35.09% of the stock is currently owned by institutional investors.

Several analysts recently commented on TMUS shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 price objective on shares of T-Mobile US in a research note on Thursday, September 7th. Cowen and Company reaffirmed a “buy” rating and set a $70.00 price objective on shares of T-Mobile US in a research note on Friday, August 25th. BidaskClub raised T-Mobile US from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. William Blair reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Saturday, July 22nd. Finally, UBS AG reaffirmed a “buy” rating and set a $80.00 price objective on shares of T-Mobile US in a research note on Saturday, July 22nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. T-Mobile US presently has a consensus rating of “Buy” and a consensus price target of $69.91.

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Shares of T-Mobile US, Inc. (NASDAQ TMUS) traded up $0.10 during trading hours on Wednesday, reaching $56.54. 5,035,300 shares of the company traded hands, compared to its average volume of 4,264,094. T-Mobile US, Inc. has a twelve month low of $52.13 and a twelve month high of $68.88. The firm has a market cap of $46,956.05, a P/E ratio of 25.54, a P/E/G ratio of 1.24 and a beta of 0.29. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.80.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.17. T-Mobile US had a net margin of 5.55% and a return on equity of 9.99%. The business had revenue of $10.02 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same period last year, the business posted $0.27 EPS. T-Mobile US’s revenue was up 7.7% on a year-over-year basis. equities research analysts anticipate that T-Mobile US, Inc. will post 2.33 earnings per share for the current year.

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.

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

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