Qube Research & Technologies Ltd lifted its stake in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 374.1% during the second quarter, Holdings Channel reports. The fund owned 5,618 shares of the Wireless communications provider’s stock after purchasing an additional 4,433 shares during the quarter. Qube Research & Technologies Ltd’s holdings in T-Mobile Us were worth $336,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SeaCrest Wealth Management LLC lifted its position in T-Mobile Us by 92.3% during the second quarter. SeaCrest Wealth Management LLC now owns 2,812 shares of the Wireless communications provider’s stock worth $168,000 after buying an additional 1,350 shares during the period. Chevy Chase Trust Holdings Inc. purchased a new position in T-Mobile Us during the second quarter worth about $208,000. Acadian Asset Management LLC purchased a new position in T-Mobile Us during the second quarter worth about $211,000. Green Square Capital LLC purchased a new position in T-Mobile Us during the first quarter worth about $221,000. Finally, First Allied Advisory Services Inc. purchased a new position in T-Mobile Us during the first quarter worth about $222,000. 33.01% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile Us stock opened at $68.25 on Friday. The stock has a market capitalization of $57.54 billion, a PE ratio of 29.80, a PEG ratio of 1.31 and a beta of 0.44. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 1.25. T-Mobile Us Inc has a 12 month low of $54.60 and a 12 month high of $68.71.

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

In other news, insider Thomas Christopher Keys sold 65,000 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $65.63, for a total value of $4,265,950.00. Following the transaction, the insider now directly owns 381,883 shares in the company, valued at approximately $25,062,981.29. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO G Michael Sievert sold 10,622 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $65.79, for a total value of $698,821.38. Following the completion of the transaction, the chief operating officer now owns 452,478 shares in the company, valued at $29,768,527.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,660 shares of company stock worth $6,186,665. Company insiders own 0.37% of the company’s stock.

Several equities analysts recently weighed in on the company. BidaskClub upgraded T-Mobile Us from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. ValuEngine upgraded T-Mobile Us from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Societe Generale reiterated a “buy” rating and set a $71.00 target price on shares of T-Mobile Us in a research report on Thursday, August 2nd. Wells Fargo & Co upgraded T-Mobile Us from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 27th. Finally, Nomura reiterated a “neutral” rating and set a $68.00 target price on shares of T-Mobile Us in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $71.46.

T-Mobile Us Company 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: Exchange-Traded Funds (ETFs)

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

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