Highstreet Asset Management Inc. decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,909 shares of the Wireless communications provider’s stock after selling 1,692 shares during the period. Highstreet Asset Management Inc.’s holdings in T-Mobile US were worth $1,351,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of TMUS. Aperio Group LLC boosted its position in shares of T-Mobile US by 5.9% during the 3rd quarter. Aperio Group LLC now owns 125,028 shares of the Wireless communications provider’s stock worth $7,709,000 after purchasing an additional 6,974 shares during the period. Huntington National Bank boosted its position in shares of T-Mobile US by 11.6% during the 3rd quarter. Huntington National Bank now owns 446,662 shares of the Wireless communications provider’s stock worth $27,541,000 after purchasing an additional 46,526 shares during the period. Boston Advisors LLC boosted its position in shares of T-Mobile US by 3.6% during the 3rd quarter. Boston Advisors LLC now owns 297,052 shares of the Wireless communications provider’s stock worth $18,316,000 after purchasing an additional 10,300 shares during the period. Xact Kapitalforvaltning AB boosted its position in shares of T-Mobile US by 1.7% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 59,229 shares of the Wireless communications provider’s stock worth $3,652,000 after purchasing an additional 1,006 shares during the period. Finally, Mizuho Securities USA LLC purchased a new position in shares of T-Mobile US during the 3rd quarter worth approximately $701,000. 35.09% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on the stock. Deutsche Bank AG upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating and increased their target price for the stock from $56.22 to $65.00 in a report on Thursday, November 9th. BidaskClub lowered shares of T-Mobile US from a “sell” rating to a “strong sell” rating in a report on Thursday, November 9th. Jefferies Group LLC reduced their target price on shares of T-Mobile US from $83.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, November 7th. Robert W. Baird restated a “hold” rating and issued a $70.00 price objective on shares of T-Mobile US in a report on Monday, November 6th. Finally, UBS AG restated a “buy” rating and issued a $70.00 price objective (down from $80.00) on shares of T-Mobile US in a report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $69.91.
T-Mobile US, Inc. (NASDAQ:TMUS) traded down $0.36 during trading hours on Tuesday, hitting $56.44. 4,429,000 shares of the stock were exchanged, compared to its average volume of 4,260,572. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $46,960.00, a price-to-earnings ratio of 25.70, a PEG ratio of 1.25 and a beta of 0.29. T-Mobile US, Inc. has a twelve month low of $51.87 and a twelve month high of $68.88.
T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $10.01 billion. During the same quarter in the previous year, the business posted $0.27 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. equities analysts expect that T-Mobile US, Inc. will post 2.33 earnings per share for the current year.
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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.
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