Smith Asset Management Group LP reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 175,980 shares of the Wireless communications provider’s stock after selling 30,510 shares during the period. Smith Asset Management Group LP’s holdings in T-Mobile US were worth $10,668,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TMUS. Proficio Capital Partners LLC raised its position 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 worth $108,000 after buying an additional 306 shares in the last quarter. Fifth Third Bancorp raised its position 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 worth $112,000 after buying an additional 680 shares in the last quarter. Barrett Asset Management LLC purchased a new position in T-Mobile US during the second quarter worth $110,000. Smithfield Trust Co. raised its position in T-Mobile US by 1,513.6% in the second quarter. Smithfield Trust Co. now owns 1,904 shares of the Wireless communications provider’s stock worth $115,000 after buying an additional 1,786 shares in the last quarter. Finally, D. Scott Neal Inc. purchased a new position in T-Mobile US during the second quarter worth $116,000. 36.75% of the stock is owned by institutional investors and hedge funds.

T-Mobile US, Inc. (NASDAQ:TMUS) opened at 63.61 on Friday. T-Mobile US, Inc. has a 52-week low of $44.35 and a 52-week high of $68.88. The firm has a market capitalization of $52.86 billion, a PE ratio of 26.95 and a beta of 0.49. The stock’s 50 day moving average is $61.97 and its 200-day moving average is $63.57.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 19th. The Wireless communications provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.29. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The firm had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $9.82 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. Equities analysts expect that T-Mobile US, Inc. will post $2.32 earnings per share for the current year.

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A number of equities analysts have recently weighed in on the stock. BidaskClub raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Wells Fargo & Company restated an “outperform” rating on shares of T-Mobile US in a report on Wednesday, June 28th. Robert W. Baird boosted their target price on shares of T-Mobile US from $64.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, April 26th. William Blair restated a “buy” rating on shares of T-Mobile US in a report on Saturday, July 22nd. Finally, Jefferies Group LLC restated a “buy” rating and issued a $80.00 target price on shares of T-Mobile US in a report on Saturday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $68.82.

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

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