T-Mobile US, Inc. (TMUS) Stake Decreased by CrestPoint Capital Management LLC

CrestPoint Capital Management LLC decreased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,000 shares of the Wireless communications provider’s stock after selling 100 shares during the period. CrestPoint Capital Management LLC’s holdings in T-Mobile US were worth $303,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC raised its stake in T-Mobile US by 2.6% in the first quarter. FMR LLC now owns 28,593,003 shares of the Wireless communications provider’s stock valued at $1,846,822,000 after buying an additional 736,329 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of T-Mobile US by 2.6% in the first quarter. Vanguard Group Inc. now owns 15,111,566 shares of the Wireless communications provider’s stock valued at $976,056,000 after buying an additional 379,244 shares during the period. BlackRock Inc. boosted its stake in shares of T-Mobile US by 3,998.0% in the first quarter. BlackRock Inc. now owns 13,832,340 shares of the Wireless communications provider’s stock valued at $893,431,000 after buying an additional 13,494,802 shares during the period. State Street Corp boosted its stake in shares of T-Mobile US by 2.3% in the first quarter. State Street Corp now owns 5,309,965 shares of the Wireless communications provider’s stock valued at $342,971,000 after buying an additional 119,285 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of T-Mobile US by 12.3% in the first quarter. JPMorgan Chase & Co. now owns 4,771,311 shares of the Wireless communications provider’s stock valued at $308,181,000 after buying an additional 523,482 shares during the period. 36.73% of the stock is owned by institutional investors and hedge funds.

Shares of T-Mobile US, Inc. (NASDAQ TMUS) traded down 0.47% during midday trading on Monday, hitting $61.49. 964,406 shares of the stock were exchanged. The stock has a market capitalization of $51.10 billion, a price-to-earnings ratio of 26.06 and a beta of 0.52. T-Mobile US, Inc. has a 1-year low of $44.35 and a 1-year high of $68.88. The firm’s 50 day moving average is $62.05 and its 200-day moving average is $63.25.

T-Mobile US (NASDAQ:TMUS) last released its earnings results 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. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The company had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $9.82 billion. During the same quarter last year, the business earned $0.25 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that T-Mobile US, Inc. will post $2.33 EPS for the current year.

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Several analysts recently issued reports on the company. William Blair restated a “buy” rating on shares of T-Mobile US in a report on Saturday, July 22nd. UBS AG reiterated a “buy” rating and issued a $80.00 price objective on shares of T-Mobile US in a research note on Saturday, July 22nd. Barclays PLC reissued an “overweight” rating and set a $73.00 target price (up from $70.00) on shares of T-Mobile US in a research report on Saturday, July 22nd. Jefferies Group LLC reissued a “buy” rating and set a $80.00 target price on shares of T-Mobile US in a research report on Saturday, July 22nd. Finally, Cowen and Company reissued an “outperform” rating and set a $70.00 target price on shares of T-Mobile US in a research report on Saturday, July 22nd. Twelve investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $68.82.