CIBC Asset Management Inc grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,354 shares of the Wireless communications provider’s stock after buying an additional 3,040 shares during the period. CIBC Asset Management Inc’s holdings in T-Mobile US were worth $4,030,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. OZ Management LP increased its position in shares of T-Mobile US by 35.7% during the second quarter. OZ Management LP now owns 1,733,472 shares of the Wireless communications provider’s stock valued at $105,083,000 after buying an additional 455,847 shares during the period. Harbor Advisors LLC increased its position in shares of T-Mobile US by 81.2% during the third quarter. Harbor Advisors LLC now owns 18,000 shares of the Wireless communications provider’s stock valued at $1,110,000 after buying an additional 8,068 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of T-Mobile US by 6.6% during the second quarter. Oppenheimer & Co. Inc. now owns 28,740 shares of the Wireless communications provider’s stock valued at $1,742,000 after buying an additional 1,789 shares during the period. PNC Financial Services Group Inc. increased its position in shares of T-Mobile US by 1,887.3% during the second quarter. PNC Financial Services Group Inc. now owns 1,053,568 shares of the Wireless communications provider’s stock valued at $63,865,000 after buying an additional 1,000,552 shares during the period. Finally, Arizona State Retirement System bought a new stake in shares of T-Mobile US during the second quarter valued at about $1,390,000. Hedge funds and other institutional investors own 35.09% of the company’s stock.

Shares of T-Mobile US, Inc. (NASDAQ TMUS) opened at $58.25 on Thursday. The company has a market capitalization of $47,039.25, a P/E ratio of 25.58, a PEG ratio of 1.24 and a beta of 0.29. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92. T-Mobile US, Inc. has a 52 week low of $52.13 and a 52 week high of $68.88.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.17. The business had revenue of $10.02 billion for 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%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 EPS. research analysts expect that T-Mobile US, Inc. will post 2.33 earnings per share for the current fiscal year.

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Several research firms recently weighed in on TMUS. Deutsche Bank AG upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating and upped their price objective for the stock from $56.22 to $65.00 in a research report on Thursday, November 9th. BidaskClub cut shares of T-Mobile US from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. Jefferies Group LLC decreased their price objective on shares of T-Mobile US from $83.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. Robert W. Baird restated a “hold” rating and issued a $70.00 price objective on shares of T-Mobile US in a research report on Monday, November 6th. Finally, UBS AG restated a “buy” rating and issued a $70.00 price objective (down from $80.00) on shares of T-Mobile US in a research report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price 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.

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

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