Great Lakes Advisors LLC Increases Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Great Lakes Advisors LLC raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,160 shares of the Wireless communications provider’s stock after purchasing an additional 408 shares during the period. Great Lakes Advisors LLC’s holdings in T-Mobile US were worth $4,513,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TMUS. FFT Wealth Management LLC bought a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $32,000. Eagle Bay Advisors LLC bought a new position in T-Mobile US during the 2nd quarter worth approximately $34,000. Harvest Fund Management Co. Ltd purchased a new position in T-Mobile US in the 2nd quarter worth approximately $34,000. Credit Agricole S A lifted its position in T-Mobile US by 74.1% in the first quarter. Credit Agricole S A now owns 357 shares of the Wireless communications provider’s stock valued at $45,000 after purchasing an additional 152 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its stake in shares of T-Mobile US by 86.3% during the first quarter. Manchester Capital Management LLC now owns 367 shares of the Wireless communications provider’s stock valued at $46,000 after purchasing an additional 170 shares during the period. 38.99% of the stock is owned by hedge funds and other institutional investors.

TMUS opened at $129.43 on Friday. The company’s 50 day moving average is $138.39 and its 200 day moving average is $137.30. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.08. The company has a market cap of $161.52 billion, a price-to-earnings ratio of 41.48 and a beta of 0.55. T-Mobile US, Inc. has a 12-month low of $107.56 and a 12-month high of $150.20.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, July 29th. The Wireless communications provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.26. T-Mobile US had a net margin of 4.93% and a return on equity of 7.41%. The company had revenue of $19.95 billion for the quarter, compared to analysts’ expectations of $19.39 billion. During the same quarter in the previous year, the company earned $0.09 EPS. As a group, analysts predict that T-Mobile US, Inc. will post 2.46 EPS for the current fiscal year.

In other T-Mobile US news, EVP David A. Miller sold 3,000 shares of the stock in a transaction dated Wednesday, August 11th. The shares were sold at an average price of $143.31, for a total transaction of $429,930.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Tuesday, August 10th. The stock was sold at an average price of $142.63, for a total value of $2,852,600.00. The disclosure for this sale can be found here. 0.69% of the stock is owned by insiders.

A number of research firms have recently commented on TMUS. Credit Suisse Group restated a “buy” rating and issued a $165.00 target price on shares of T-Mobile US in a research note on Wednesday, September 15th. Morgan Stanley boosted their target price on shares of T-Mobile US from $146.00 to $148.00 and gave the company an “overweight” rating in a report on Tuesday, August 3rd. Truist Securities increased their price target on shares of T-Mobile US from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, July 30th. JPMorgan Chase & Co. set a $175.00 price objective on shares of T-Mobile US in a research note on Friday, July 30th. Finally, The Goldman Sachs Group set a $160.00 price objective on shares of T-Mobile US in a report on Thursday. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $162.92.

T-Mobile US Profile

T-Mobile US, Inc engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.

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

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