Acadian Asset Management LLC decreased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 1,875 shares of the Wireless communications provider’s stock after selling 13 shares during the period. Acadian Asset Management LLC’s holdings in T-Mobile US were worth $113,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of TMUS. Proficio Capital Partners LLC boosted its position in T-Mobile US by 23.8% in the first quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock valued at $108,000 after buying an additional 306 shares during the period. Fifth Third Bancorp boosted its position in T-Mobile US by 64.8% in the first quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock valued at $112,000 after buying an additional 680 shares during the period. D. Scott Neal Inc. acquired a new position in T-Mobile US during the second quarter valued at about $116,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in T-Mobile US by 62.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,950 shares of the Wireless communications provider’s stock valued at $126,000 after buying an additional 750 shares during the period. Finally, NEXT Financial Group Inc boosted its position in T-Mobile US by 233.3% in the first quarter. NEXT Financial Group Inc now owns 2,000 shares of the Wireless communications provider’s stock valued at $135,000 after buying an additional 1,400 shares during the period. 35.89% of the stock is currently owned by hedge funds and other institutional investors.
T-Mobile US, Inc. (NASDAQ:TMUS) traded up 0.27% during mid-day trading on Friday, reaching $63.16. The company had a trading volume of 638,749 shares. The firm has a market capitalization of $52.49 billion, a PE ratio of 26.76 and a beta of 0.49. T-Mobile US, Inc. has a 52 week low of $44.35 and a 52 week high of $68.88. The stock’s 50-day moving average price is $62.13 and its 200 day moving average price is $63.63.
T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.29. The firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $9.82 billion. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. On average, equities research analysts predict that T-Mobile US, Inc. will post $2.29 EPS for the current year.
TMUS has been the topic of several research analyst reports. Jefferies Group LLC boosted their target price on T-Mobile US from $71.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, April 25th. William Blair reissued a “buy” rating on shares of T-Mobile US in a research note on Tuesday, April 25th. Goldman Sachs Group, Inc. (The) initiated coverage on T-Mobile US in a research note on Monday, May 22nd. They set a “buy” rating on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $76.00 target price on shares of T-Mobile US in a research note on Friday, June 2nd. Finally, Drexel Hamilton initiated coverage on T-Mobile US in a research note on Thursday, June 8th. They set a “buy” rating and a $80.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $68.82.
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