361 Capital LLC reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 50.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,831 shares of the Wireless communications provider’s stock after selling 59,329 shares during the quarter. 361 Capital LLC’s holdings in T-Mobile US were worth $3,628,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TMUS. Janus Henderson Group PLC increased its stake in T-Mobile US by 12,230.1% during the second quarter. Janus Henderson Group PLC now owns 4,479,412 shares of the Wireless communications provider’s stock worth $271,542,000 after acquiring an additional 4,443,083 shares during the last quarter. Capital World Investors increased its stake in T-Mobile US by 158.7% during the second quarter. Capital World Investors now owns 3,867,024 shares of the Wireless communications provider’s stock worth $234,419,000 after acquiring an additional 2,372,024 shares during the last quarter. Paulson & CO. Inc. increased its stake in T-Mobile US by 46.1% during the second quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock worth $366,793,000 after acquiring an additional 1,910,600 shares during the last quarter. Prudential Financial Inc. increased its stake in T-Mobile US by 3,877.3% during the second quarter. Prudential Financial Inc. now owns 1,587,360 shares of the Wireless communications provider’s stock worth $96,226,000 after acquiring an additional 1,547,450 shares during the last quarter. Finally, BlackRock Inc. increased its stake in T-Mobile US by 10.9% during the second quarter. BlackRock Inc. now owns 15,334,976 shares of the Wireless communications provider’s stock worth $929,608,000 after acquiring an additional 1,502,636 shares during the last quarter. 35.09% of the stock is currently owned by institutional investors.

T-Mobile US, Inc. (NASDAQ:TMUS) traded up $2.80 during trading on Thursday, reaching $59.49. The company’s stock had a trading volume of 6,854,486 shares, compared to its average volume of 4,261,585. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92. The stock has a market capitalization of $47,160.00, a price-to-earnings ratio of 25.58, a P/E/G ratio of 1.24 and a beta of 0.29. T-Mobile US, Inc. has a one year low of $52.13 and a one year high of $68.88.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. The company had revenue of $10.02 billion during the quarter, compared to analyst estimates of $10.01 billion. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. T-Mobile US’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share. research analysts anticipate that T-Mobile US, Inc. will post 2.33 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This piece was published by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/11/16/361-capital-llc-trims-stake-in-t-mobile-us-inc-tmus.html.

Several equities research analysts have weighed in on the company. Deutsche Bank AG raised T-Mobile US from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $56.22 to $65.00 in a research note on Thursday, November 9th. BidaskClub cut T-Mobile US from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 9th. Jefferies Group LLC reduced their price objective on T-Mobile US from $83.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. Robert W. Baird reissued a “hold” rating and set a $70.00 price objective on shares of T-Mobile US in a research note on Monday, November 6th. Finally, UBS AG reissued a “buy” rating and set a $70.00 price objective (down from $80.00) on shares of T-Mobile US in a research note on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. T-Mobile US currently has a consensus rating of “Buy” and an average price target of $69.91.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 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.

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)

Receive News & Ratings for T-Mobile US Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US Inc. and related companies with MarketBeat.com's FREE daily email newsletter.