Korea Investment CORP reduced its holdings in T-Mobile Us Inc (NASDAQ:TMUS) by 18.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 318,478 shares of the Wireless communications provider’s stock after selling 72,500 shares during the period. Korea Investment CORP’s holdings in T-Mobile Us were worth $19,029,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Daiwa Securities Group Inc. lifted its holdings in shares of T-Mobile Us by 64.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 14,450 shares of the Wireless communications provider’s stock worth $882,000 after acquiring an additional 5,650 shares during the last quarter. Alps Advisors Inc. bought a new stake in shares of T-Mobile Us in the 1st quarter worth about $530,000. New York State Teachers Retirement System lifted its holdings in shares of T-Mobile Us by 11.9% in the 1st quarter. New York State Teachers Retirement System now owns 19,700 shares of the Wireless communications provider’s stock worth $1,202,000 after acquiring an additional 2,100 shares during the last quarter. Atria Investments LLC lifted its holdings in shares of T-Mobile Us by 89.3% in the 1st quarter. Atria Investments LLC now owns 6,166 shares of the Wireless communications provider’s stock worth $376,000 after acquiring an additional 2,908 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of T-Mobile Us by 208.3% in the 1st quarter. SG Americas Securities LLC now owns 47,985 shares of the Wireless communications provider’s stock worth $2,929,000 after acquiring an additional 32,422 shares during the last quarter. 33.01% of the stock is owned by institutional investors and hedge funds.

NASDAQ:TMUS opened at $65.52 on Friday. T-Mobile Us Inc has a one year low of $54.60 and a one year high of $66.64. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.76 and a quick ratio of 0.66. The stock has a market capitalization of $55.67 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 1.27 and a beta of 0.44.

T-Mobile Us (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, August 1st. The Wireless communications provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.86 by $0.06. T-Mobile Us had a net margin of 11.27% and a return on equity of 10.87%. The business had revenue of $10.57 billion during the quarter, compared to analyst estimates of $10.65 billion. During the same quarter in the previous year, the business posted $0.67 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. research analysts forecast that T-Mobile Us Inc will post 3.18 earnings per share for the current year.

In other news, insider Thomas Christopher Keys sold 65,000 shares of T-Mobile Us stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $65.63, for a total value of $4,265,950.00. Following the transaction, the insider now owns 381,883 shares of the company’s stock, valued at approximately $25,062,981.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO G Michael Sievert sold 5,851 shares of T-Mobile Us stock in a transaction that occurred on Tuesday, July 3rd. The stock was sold at an average price of $59.38, for a total transaction of $347,432.38. Following the completion of the transaction, the chief operating officer now directly owns 460,700 shares in the company, valued at approximately $27,356,366. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,660 shares of company stock worth $6,186,665. Insiders own 0.37% of the company’s stock.

A number of equities research analysts recently weighed in on TMUS shares. Societe Generale reiterated a “buy” rating and set a $71.00 price objective on shares of T-Mobile Us in a report on Thursday, August 2nd. Macquarie reiterated a “buy” rating and set a $74.00 price objective on shares of T-Mobile Us in a report on Wednesday, June 6th. BidaskClub upgraded shares of T-Mobile Us from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Barclays lowered shares of T-Mobile Us to a “buy” rating in a report on Tuesday. Finally, ValuEngine upgraded shares of T-Mobile Us from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. T-Mobile Us presently has a consensus rating of “Buy” and a consensus target price of $71.46.

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 72.6 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.

Further Reading: NASDAQ Stock Market Explained

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

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