T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by Blume Capital Management Inc.

Blume Capital Management Inc. grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 284.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,057 shares of the Wireless communications provider’s stock after purchasing an additional 11,140 shares during the period. Blume Capital Management Inc.’s holdings in T-Mobile US were worth $2,181,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TMUS. National Asset Management Inc. grew its holdings in T-Mobile US by 6.4% during the second quarter. National Asset Management Inc. now owns 7,613 shares of the Wireless communications provider’s stock worth $1,103,000 after acquiring an additional 455 shares during the period. River Road Asset Management LLC grew its holdings in T-Mobile US by 1,253.5% during the second quarter. River Road Asset Management LLC now owns 265,026 shares of the Wireless communications provider’s stock worth $38,384,000 after acquiring an additional 245,445 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in T-Mobile US by 16.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 28,160 shares of the Wireless communications provider’s stock worth $4,078,000 after acquiring an additional 4,062 shares during the period. Rock Creek Group LP grew its holdings in T-Mobile US by 1,540.0% during the second quarter. Rock Creek Group LP now owns 1,722 shares of the Wireless communications provider’s stock worth $249,000 after acquiring an additional 1,617 shares during the period. Finally, Mitchell Capital Management Co. grew its holdings in T-Mobile US by 7.7% during the second quarter. Mitchell Capital Management Co. now owns 22,755 shares of the Wireless communications provider’s stock worth $3,296,000 after acquiring an additional 1,624 shares during the period. 38.99% of the stock is currently owned by institutional investors.

Shares of T-Mobile US stock traded down $2.81 during trading on Wednesday, hitting $126.11. 98,228 shares of the stock traded hands, compared to its average volume of 4,356,467. The stock has a market cap of $157.38 billion, a P/E ratio of 41.32 and a beta of 0.55. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.86 and a current ratio of 0.94. T-Mobile US, Inc. has a twelve month low of $107.56 and a twelve month high of $150.20. The company has a fifty day moving average price of $141.59 and a two-hundred day moving average price of $137.21.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, July 29th. The Wireless communications provider reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.26. The business had revenue of $19.95 billion during the quarter, compared to analyst estimates of $19.39 billion. T-Mobile US had a return on equity of 7.41% and a net margin of 4.93%. During the same period in the previous year, the company earned $0.09 EPS. On average, equities research analysts expect that T-Mobile US, Inc. will post 2.46 EPS for the current fiscal year.

TMUS has been the subject of a number of recent analyst reports. HSBC increased their price target on T-Mobile US from $132.00 to $139.00 and gave the company a “hold” rating in a research report on Monday, May 24th. Societe Generale reiterated a “buy” rating and issued a $170.00 price target (up previously from $130.00) on shares of T-Mobile US in a research report on Friday, July 16th. The Goldman Sachs Group set a $160.00 price target on T-Mobile US in a research report on Friday, July 30th. Redburn Partners initiated coverage on T-Mobile US in a research report on Friday, June 25th. They issued a “neutral” rating and a $138.00 price target for the company. Finally, Morgan Stanley increased their price target on T-Mobile US from $146.00 to $148.00 and gave the company an “overweight” rating in a research report on Tuesday, August 3rd. Three analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Buy” and a consensus price target of $163.04.

In related news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 10th. The stock was sold at an average price of $142.63, for a total value of $2,852,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP David A. Miller sold 3,000 shares of T-Mobile US stock in a transaction that occurred on Wednesday, August 11th. The stock was sold at an average price of $143.31, for a total value of $429,930.00. The disclosure for this sale can be found here. 0.69% of the stock is owned by insiders.

T-Mobile US Profile

T-Mobile US, Inc engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.

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

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