Harvest Management LLC Purchases New Stake in T-Mobile US, Inc. (TMUS)

Harvest Management LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,000 shares of the Wireless communications provider’s stock, valued at approximately $1,334,000. T-Mobile US makes up 0.9% of Harvest Management LLC’s holdings, making the stock its 21st largest holding.

A number of other institutional investors also recently added to or reduced their stakes in the business. Gilder Gagnon Howe & Co. LLC increased its position in T-Mobile US by 0.7% during the first quarter. Gilder Gagnon Howe & Co. LLC now owns 4,992 shares of the Wireless communications provider’s stock worth $322,000 after buying an additional 33 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in T-Mobile US by 0.6% during the first quarter. Ameritas Investment Partners Inc. now owns 14,863 shares of the Wireless communications provider’s stock worth $960,000 after buying an additional 89 shares in the last quarter. World Asset Management Inc increased its position in T-Mobile US by 1.3% during the second quarter. World Asset Management Inc now owns 12,868 shares of the Wireless communications provider’s stock worth $780,000 after buying an additional 164 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in T-Mobile US by 0.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 58,413 shares of the Wireless communications provider’s stock worth $3,541,000 after buying an additional 198 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in T-Mobile US by 1.2% during the first quarter. Victory Capital Management Inc. now owns 18,109 shares of the Wireless communications provider’s stock worth $1,170,000 after buying an additional 220 shares in the last quarter. 34.71% of the stock is owned by institutional investors.

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Several equities analysts have weighed in on the company. Zacks Investment Research downgraded T-Mobile US from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Royal Bank Of Canada reissued a “buy” rating and set a $76.00 price target on shares of T-Mobile US in a research report on Friday, June 2nd. Wells Fargo & Company reissued an “outperform” rating on shares of T-Mobile US in a research report on Wednesday, June 28th. Cowen and Company reissued a “buy” rating and set a $70.00 price target on shares of T-Mobile US in a research report on Friday, August 25th. Finally, KeyCorp reissued an “overweight” rating and set a $72.00 price target on shares of T-Mobile US in a research report on Saturday, September 16th. Twelve investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. T-Mobile US presently has an average rating of “Buy” and an average target price of $70.15.

Shares of T-Mobile US, Inc. (NASDAQ TMUS) traded up 0.65% on Friday, hitting $63.80. The company’s stock had a trading volume of 3,562,184 shares. The stock has a market capitalization of $53.02 billion, a P/E ratio of 27.03 and a beta of 0.47. The stock’s 50 day moving average price is $63.49 and its 200 day moving average price is $63.85. T-Mobile US, Inc. has a 52 week low of $44.60 and a 52 week high of $68.88.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.29. The firm had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $9.82 billion. T-Mobile US had a net margin of 5.19% and a return on equity of 8.66%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. On average, analysts forecast that T-Mobile US, Inc. will post $2.29 earnings per share for the current fiscal 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.

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

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