D. E. Shaw & Co. Inc. Boosts Stock Position in T-Mobile Us Inc (NASDAQ:TMUS)

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D. E. Shaw & Co. Inc. boosted its holdings in T-Mobile Us Inc (NASDAQ:TMUS) by 41.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,793,734 shares of the Wireless communications provider’s stock after purchasing an additional 819,065 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in T-Mobile Us were worth $207,127,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Wetherby Asset Management Inc. boosted its stake in T-Mobile Us by 2.6% in the first quarter. Wetherby Asset Management Inc. now owns 5,779 shares of the Wireless communications provider’s stock valued at $399,000 after acquiring an additional 145 shares in the last quarter. Field & Main Bank boosted its stake in shares of T-Mobile Us by 1.4% during the second quarter. Field & Main Bank now owns 14,890 shares of the Wireless communications provider’s stock worth $1,104,000 after buying an additional 210 shares during the period. Camden National Bank boosted its stake in shares of T-Mobile Us by 0.4% during the second quarter. Camden National Bank now owns 57,849 shares of the Wireless communications provider’s stock worth $4,289,000 after buying an additional 218 shares during the period. LS Investment Advisors LLC boosted its stake in shares of T-Mobile Us by 9.7% during the second quarter. LS Investment Advisors LLC now owns 2,521 shares of the Wireless communications provider’s stock worth $187,000 after buying an additional 222 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. boosted its stake in shares of T-Mobile Us by 6.5% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 3,730 shares of the Wireless communications provider’s stock worth $258,000 after buying an additional 227 shares during the period. 33.06% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:TMUS traded down $0.41 during mid-day trading on Friday, reaching $80.59. The stock had a trading volume of 3,874,456 shares, compared to its average volume of 2,038,425. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.54 and a current ratio of 0.62. The firm has a market capitalization of $68.46 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 1.48 and a beta of 0.42. T-Mobile Us Inc has a twelve month low of $59.96 and a twelve month high of $85.22. The business has a 50 day simple moving average of $78.06 and a 200 day simple moving average of $75.56.

T-Mobile Us (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, July 25th. The Wireless communications provider reported $1.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.30. T-Mobile Us had a net margin of 7.40% and a return on equity of 13.89%. The firm had revenue of $10.98 billion during the quarter, compared to the consensus estimate of $11.14 billion. During the same quarter last year, the firm earned $0.92 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts expect that T-Mobile Us Inc will post 4.38 earnings per share for the current year.

Several equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of T-Mobile Us from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. Royal Bank of Canada set a $87.00 target price on shares of T-Mobile Us and gave the stock a “buy” rating in a research note on Monday, August 5th. Barclays restated a “buy” rating and issued a $93.00 price objective on shares of T-Mobile Us in a research report on Monday, July 29th. HSBC set a $85.00 price objective on shares of T-Mobile Us and gave the company a “buy” rating in a research report on Monday, June 3rd. Finally, Nomura raised their price objective on shares of T-Mobile Us from $76.00 to $88.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $89.55.

T-Mobile Us 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 79.7 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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Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile Us Inc (NASDAQ:TMUS).

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

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