T-Mobile Us Inc (TMUS) Stake Raised by Highland Capital Management LLC

Highland Capital Management LLC lifted its position in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 136.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,782 shares of the Wireless communications provider’s stock after buying an additional 7,383 shares during the quarter. Highland Capital Management LLC’s holdings in T-Mobile Us were worth $897,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TMUS. NEXT Financial Group Inc acquired a new stake in shares of T-Mobile Us during the third quarter worth $105,000. SeaCrest Wealth Management LLC increased its position in shares of T-Mobile Us by 92.3% during the second quarter. SeaCrest Wealth Management LLC now owns 2,812 shares of the Wireless communications provider’s stock worth $168,000 after buying an additional 1,350 shares during the period. Arrow Financial Corp acquired a new stake in shares of T-Mobile Us during the third quarter worth $175,000. Jaffetilchin Investment Partners LLC acquired a new stake in shares of T-Mobile Us during the third quarter worth $203,000. Finally, Chevy Chase Trust Holdings Inc. acquired a new stake in shares of T-Mobile Us during the second quarter worth $208,000. Institutional investors own 32.97% of the company’s stock.

In other T-Mobile Us news, CFO J Braxton Carter II sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $68.93, for a total value of $1,033,950.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas Christopher Keys sold 65,000 shares of the firm’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $65.63, for a total transaction of $4,265,950.00. Following the completion of the transaction, the insider now directly owns 381,883 shares in the company, valued at $25,062,981.29. The disclosure for this sale can be found here. Insiders sold 102,622 shares of company stock worth $6,814,861 over the last ninety days. Insiders own 0.37% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of T-Mobile Us from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Guggenheim raised their price target on shares of T-Mobile Us from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, September 27th. ValuEngine upgraded shares of T-Mobile Us from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Societe Generale restated a “buy” rating and issued a $71.00 price target on shares of T-Mobile Us in a report on Thursday, August 2nd. Finally, Wells Fargo & Co upgraded shares of T-Mobile Us from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $71.85.

NASDAQ:TMUS opened at $68.77 on Friday. T-Mobile Us Inc has a 12 month low of $54.60 and a 12 month high of $70.94. The firm has a market capitalization of $59.46 billion, a price-to-earnings ratio of 30.03, a P/E/G ratio of 1.35 and a beta of 0.40. The company has a quick ratio of 0.66, a current ratio of 0.76 and a debt-to-equity ratio of 1.25.

T-Mobile Us (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, August 1st. The Wireless communications provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. T-Mobile Us had a net margin of 11.27% and a return on equity of 10.87%. The firm had revenue of $10.57 billion for the quarter, compared to analyst estimates of $10.65 billion. During the same period last year, the firm earned $0.67 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, research analysts anticipate that T-Mobile Us Inc will post 3.18 EPS 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 United States Virgin Islands. The company offers voice, messaging, and data services to 72.6 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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