ProShare Advisors LLC Boosts Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

ProShare Advisors LLC grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 20.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,398,391 shares of the Wireless communications provider’s stock after buying an additional 232,964 shares during the period. T-Mobile US accounts for 0.7% of ProShare Advisors LLC’s portfolio, making the stock its 16th largest position. ProShare Advisors LLC’s holdings in T-Mobile US were worth $308,667,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Barclays PLC grew its holdings in shares of T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after purchasing an additional 876,182 shares during the last quarter. Gladstone Institutional Advisory LLC bought a new position in shares of T-Mobile US during the 4th quarter valued at $1,552,000. Trust Co. of Vermont grew its holdings in shares of T-Mobile US by 11.9% during the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock valued at $5,954,000 after purchasing an additional 2,865 shares during the last quarter. Rice Partnership LLC bought a new position in shares of T-Mobile US during the 4th quarter valued at $7,678,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of T-Mobile US by 737.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider’s stock valued at $12,476,000 after purchasing an additional 49,775 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now owns 3,291 shares of the company’s stock, valued at $865,533. The trade was a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.67% of the stock is currently owned by insiders.

T-Mobile US Trading Down 0.9%

NASDAQ:TMUS opened at $235.29 on Thursday. The company has a 50-day moving average price of $254.76 and a 200-day moving average price of $242.79. T-Mobile US, Inc. has a 12 month low of $162.15 and a 12 month high of $276.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock has a market cap of $267.16 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The firm had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.67 billion. During the same period last year, the company posted $2.00 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TMUS shares. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Royal Bank of Canada raised their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a report on Friday, March 21st. Bank of America raised their price target on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, UBS Group lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $257.68.

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 customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.