Skandinaviska Enskilda Banken AB publ raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 51,230 shares of the Wireless communications provider’s stock after purchasing an additional 3,200 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in T-Mobile US were worth $3,159,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in T-Mobile US by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 15,500,894 shares of the Wireless communications provider’s stock valued at $939,664,000 after purchasing an additional 389,328 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of T-Mobile US by 10.9% during the 2nd quarter. BlackRock Inc. now owns 15,334,976 shares of the Wireless communications provider’s stock valued at $929,608,000 after buying an additional 1,502,636 shares during the period. Paulson & CO. Inc. lifted its holdings in shares of T-Mobile US by 46.1% during the 2nd quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock valued at $366,793,000 after buying an additional 1,910,600 shares during the period. Carmignac Gestion lifted its holdings in shares of T-Mobile US by 32.1% during the 3rd quarter. Carmignac Gestion now owns 5,844,199 shares of the Wireless communications provider’s stock valued at $360,353,000 after buying an additional 1,419,024 shares during the period. Finally, State Street Corp lifted its holdings in shares of T-Mobile US by 5.4% during the 2nd quarter. State Street Corp now owns 5,599,085 shares of the Wireless communications provider’s stock valued at $339,409,000 after buying an additional 289,120 shares during the period. Institutional investors and hedge funds own 34.96% of the company’s stock.

TMUS has been the topic of several research analyst reports. Cowen reissued a “buy” rating and set a $70.00 price target on shares of T-Mobile US in a report on Tuesday, October 17th. Royal Bank Of Canada reissued a “buy” rating and set a $76.00 price target on shares of T-Mobile US in a report on Tuesday, October 3rd. KeyCorp set a $72.00 price target on T-Mobile US and gave the company a “buy” rating in a report on Wednesday, October 11th. Jefferies Group reissued a “buy” rating and set a $80.00 price target on shares of T-Mobile US in a report on Thursday, September 7th. Finally, BTIG Research increased their price target on T-Mobile US from $74.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $69.34.

T-Mobile US, Inc. (NASDAQ:TMUS) opened at $60.24 on Tuesday. T-Mobile US, Inc. has a twelve month low of $54.52 and a twelve month high of $68.88. The company has a market capitalization of $50,670.00, a price-to-earnings ratio of 27.56, a P/E/G ratio of 1.13 and a beta of 0.29. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 1.50.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Monday, October 23rd. The Wireless communications provider reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.17. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The company had revenue of $10.02 billion for the quarter, compared to analysts’ expectations of $10.01 billion. During the same period last year, the firm earned $0.27 EPS. T-Mobile US’s revenue for the quarter was up 7.7% compared to the same quarter last year. analysts anticipate that T-Mobile US, Inc. will post 2.41 earnings per share for the current year.

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About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 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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