Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp trimmed its holdings in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 16.0% in the second quarter, HoldingsChannel reports. The firm owned 128,221 shares of the Wireless communications provider’s stock after selling 24,479 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in T-Mobile Us were worth $7,661,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC boosted its position in T-Mobile Us by 92.3% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 2,812 shares of the Wireless communications provider’s stock valued at $168,000 after buying an additional 1,350 shares during the last quarter. Chevy Chase Trust Holdings Inc. bought a new position in T-Mobile Us in the 2nd quarter valued at $208,000. Acadian Asset Management LLC bought a new position in T-Mobile Us in the 2nd quarter valued at $211,000. Green Square Capital LLC bought a new position in T-Mobile Us in the 1st quarter valued at $221,000. Finally, First Allied Advisory Services Inc. bought a new position in shares of T-Mobile Us in the 1st quarter worth $222,000. 33.01% of the stock is owned by hedge funds and other institutional investors.

TMUS has been the topic of several recent research reports. ValuEngine lowered T-Mobile Us from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 22nd. Macquarie restated a “buy” rating and issued a $74.00 price target on shares of T-Mobile Us in a research report on Wednesday, June 6th. BidaskClub upgraded T-Mobile Us from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. Barclays initiated coverage on T-Mobile Us in a research report on Wednesday, June 27th. They issued an “overweight” rating and a $74.00 price target on the stock. Finally, Wells Fargo & Co upgraded T-Mobile Us from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given 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.

In related news, EVP Elizabeth A. Mcauliffe sold 4,187 shares of the firm’s stock in a transaction on Wednesday, June 27th. The stock was sold at an average price of $59.58, for a total transaction of $249,461.46. Following the sale, the executive vice president now owns 58,345 shares of the company’s stock, valued at approximately $3,476,195.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO G Michael Sievert sold 5,851 shares of the firm’s stock in a transaction on Tuesday, July 3rd. The stock was sold at an average price of $59.38, for a total value of $347,432.38. Following the sale, 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. Insiders have sold a total of 95,660 shares of company stock worth $6,186,665 in the last ninety days. 0.37% of the stock is currently owned by company insiders.

Shares of T-Mobile Us stock opened at $68.25 on Friday. The firm has a market cap of $57.54 billion, a P/E ratio of 29.80, a price-to-earnings-growth ratio of 1.31 and a beta of 0.44. T-Mobile Us Inc has a 12 month low of $54.60 and a 12 month high of $68.71. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.66 and a current ratio of 0.76.

T-Mobile Us (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, August 1st. The Wireless communications provider reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.06. The business 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 firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS. analysts expect that T-Mobile Us Inc will post 3.18 EPS for the current year.

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.

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

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