Prudential Financial Inc. lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 98.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,060 shares of the Wireless communications provider’s stock after selling 1,562,300 shares during the quarter. Prudential Financial Inc.’s holdings in T-Mobile US were worth $1,545,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its position in T-Mobile US by 2.6% during the second quarter. Vanguard Group Inc. now owns 15,500,894 shares of the Wireless communications provider’s stock valued at $939,664,000 after acquiring an additional 389,328 shares in the last quarter. BlackRock Inc. raised its position in T-Mobile US by 10.9% during the second quarter. BlackRock Inc. now owns 15,334,976 shares of the Wireless communications provider’s stock valued at $929,608,000 after acquiring an additional 1,502,636 shares in the last quarter. Paulson & CO. Inc. raised its position in shares of T-Mobile US by 46.1% in the second quarter. Paulson & CO. Inc. now owns 6,050,700 shares of the Wireless communications provider’s stock valued at $366,793,000 after purchasing an additional 1,910,600 shares during the period. State Street Corp raised its position in shares of T-Mobile US by 5.4% in the second quarter. State Street Corp now owns 5,599,085 shares of the Wireless communications provider’s stock valued at $339,409,000 after purchasing an additional 289,120 shares during the period. Finally, Third Point LLC raised its position in shares of T-Mobile US by 5.0% in the second quarter. Third Point LLC now owns 5,250,000 shares of the Wireless communications provider’s stock valued at $318,255,000 after purchasing an additional 250,000 shares during the period. 34.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of T-Mobile US, Inc. (NASDAQ TMUS) opened at $62.12 on Thursday. T-Mobile US, Inc. has a 52 week low of $54.60 and a 52 week high of $68.88. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92. The firm has a market cap of $50,117.52, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 1.12 and a beta of 0.29.

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

A number of equities analysts have recently commented on the stock. Cowen reissued a “buy” rating and issued a $70.00 price target on shares of T-Mobile US in a research report on Friday, August 25th. Jefferies Group reissued a “buy” rating and issued a $80.00 price target on shares of T-Mobile US in a research report on Thursday, September 7th. BidaskClub lowered shares of T-Mobile US from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Deutsche Bank reissued a “hold” rating and issued a $70.00 price target on shares of T-Mobile US in a research report on Friday, September 8th. Finally, Robert W. Baird reissued a “hold” rating and issued a $70.00 price target on shares of T-Mobile US in a research report on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. T-Mobile US has a consensus rating of “Buy” and an average price target of $69.34.

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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 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.

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

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