Great West Life Assurance Co. Can decreased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 45.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 191,394 shares of the Wireless communications provider’s stock after selling 159,417 shares during the period. Great West Life Assurance Co. Can’s holdings in T-Mobile US were worth $11,581,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TMUS. Proficio Capital Partners LLC increased its stake in T-Mobile US by 23.8% in the first quarter. Proficio Capital Partners LLC now owns 1,592 shares of the Wireless communications provider’s stock valued at $108,000 after buying an additional 306 shares in the last quarter. Fifth Third Bancorp increased its stake in T-Mobile US by 64.8% in the first quarter. Fifth Third Bancorp now owns 1,730 shares of the Wireless communications provider’s stock valued at $112,000 after buying an additional 680 shares in the last quarter. D. Scott Neal Inc. acquired a new stake in T-Mobile US during the second quarter valued at about $116,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in T-Mobile US by 62.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,950 shares of the Wireless communications provider’s stock valued at $126,000 after buying an additional 750 shares in the last quarter. Finally, NEXT Financial Group Inc increased its stake in T-Mobile US by 233.3% in the first quarter. NEXT Financial Group Inc now owns 2,000 shares of the Wireless communications provider’s stock valued at $135,000 after buying an additional 1,400 shares in the last quarter. Institutional investors own 36.75% of the company’s stock.

Shares of T-Mobile US, Inc. (TMUS) opened at 63.90 on Wednesday. The firm has a market capitalization of $53.10 billion, a PE ratio of 27.08 and a beta of 0.49. T-Mobile US, Inc. has a 12-month low of $44.35 and a 12-month high of $68.88. The company has a 50-day moving average of $61.97 and a 200 day moving average of $63.41.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.38 by $0.29. The firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $9.82 billion. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. T-Mobile US’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business earned $0.25 earnings per share. On average, analysts predict that T-Mobile US, Inc. will post $2.33 EPS for the current year.

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Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Saturday. Wells Fargo & Company reiterated an “outperform” rating on shares of T-Mobile US in a research note on Wednesday, June 28th. Jefferies Group LLC reiterated a “buy” rating and set a $80.00 price objective on shares of T-Mobile US in a research note on Saturday, July 22nd. William Blair reiterated a “buy” rating on shares of T-Mobile US in a research note on Saturday, July 22nd. Finally, Cowen and Company reiterated an “outperform” rating and set a $70.00 price objective on shares of T-Mobile US in a research note on Saturday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $68.82.

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

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