BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its holdings in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 30.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 117,634 shares of the Wireless communications provider’s stock after selling 50,897 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in T-Mobile Us were worth $8,256,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TMUS. Zions Bancorporation bought a new position in shares of T-Mobile Us during the third quarter valued at approximately $102,000. NEXT Financial Group Inc bought a new position in shares of T-Mobile Us during the third quarter valued at approximately $105,000. Stratos Wealth Partners LTD. bought a new position in shares of T-Mobile Us during the third quarter valued at approximately $111,000. Arrow Financial Corp bought a new position in shares of T-Mobile Us during the third quarter valued at approximately $175,000. Finally, Jaffetilchin Investment Partners LLC bought a new position in shares of T-Mobile Us during the third quarter valued at approximately $203,000. 32.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:TMUS opened at $65.69 on Friday. T-Mobile Us Inc has a 52-week low of $55.09 and a 52-week high of $70.94. The company has a market capitalization of $56.48 billion, a P/E ratio of 28.69, a PEG ratio of 2.20 and a beta of 0.42. The company has a current ratio of 0.85, a quick ratio of 0.74 and a debt-to-equity ratio of 1.20.

T-Mobile Us (NASDAQ:TMUS) last announced its quarterly earnings data on Tuesday, October 30th. The Wireless communications provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.08. T-Mobile Us had a return on equity of 11.44% and a net margin of 11.63%. The company had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.73 billion. During the same quarter in the prior year, the firm earned $0.63 earnings per share. T-Mobile Us’s revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts predict that T-Mobile Us Inc will post 3.33 earnings per share for the current fiscal year.

TMUS has been the topic of a number of analyst reports. Moffett Nathanson reaffirmed a “buy” rating on shares of T-Mobile Us in a research note on Wednesday, October 31st. Zacks Investment Research raised T-Mobile Us from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Monday, October 8th. KeyCorp set a $76.00 price objective on T-Mobile Us and gave the stock a “buy” rating in a research note on Thursday, September 13th. Barclays cut T-Mobile Us to a “buy” rating in a research note on Tuesday, September 4th. Finally, BidaskClub raised T-Mobile Us from a “hold” rating to a “buy” rating in a research note on Friday, September 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $73.92.

In other T-Mobile Us news, CFO J Braxton Carter II sold 15,000 shares of the company’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $68.93, for a total transaction of $1,033,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David A. Miller sold 5,000 shares of the company’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $70.00, for a total value of $350,000.00. Following the sale, the executive vice president now owns 117,523 shares of the company’s stock, valued at approximately $8,226,610. The disclosure for this sale can be found here. In the last three months, insiders sold 84,192 shares of company stock worth $5,880,673. 0.37% of the stock is owned by insiders.

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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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