Icon Advisers Inc. Co. decreased its stake in T-Mobile US Inc. (NASDAQ:TMUS) by 62.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 68,000 shares of the company’s stock after selling 112,000 shares during the period. Icon Advisers Inc. Co.’s holdings in T-Mobile US were worth $3,177,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in TMUS. Toronto Dominion Bank increased its position in T-Mobile US by 57.7% in the third quarter. Toronto Dominion Bank now owns 2,484 shares of the company’s stock valued at $116,000 after buying an additional 909 shares during the period. Creative Planning raised its stake in shares of T-Mobile US by 45.2% in the second quarter. Creative Planning now owns 2,970 shares of the company’s stock valued at $129,000 after buying an additional 924 shares in the last quarter. US Bancorp DE raised its stake in shares of T-Mobile US by 5.5% in the third quarter. US Bancorp DE now owns 2,779 shares of the company’s stock valued at $130,000 after buying an additional 144 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its stake in shares of T-Mobile US by 9.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 3,079 shares of the company’s stock valued at $133,000 after buying an additional 269 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. raised its stake in shares of T-Mobile US by 9.4% in the third quarter. Winslow Evans & Crocker Inc. now owns 3,134 shares of the company’s stock valued at $146,000 after buying an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 34.32% of the company’s stock.
Shares of T-Mobile US Inc. (NASDAQ:TMUS) traded up 0.15% during mid-day trading on Monday, reaching $54.67. The company’s stock had a trading volume of 1,575,013 shares. T-Mobile US Inc. has a 12 month low of $33.23 and a 12 month high of $54.93. The firm has a market capitalization of $45.05 billion, a P/E ratio of 34.62 and a beta of 0.66. The company has a 50 day moving average of $49.94 and a 200-day moving average of $45.93.
T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Monday, October 24th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The business had revenue of $9.20 million for the quarter, compared to analyst estimates of $9.45 billion. T-Mobile US had a return on equity of 7.21% and a net margin of 3.87%. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 earnings per share. Equities research analysts forecast that T-Mobile US Inc. will post $1.53 EPS for the current year.
Several equities research analysts have commented on TMUS shares. BTIG Research upped their price target on T-Mobile US from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Argus restated a “buy” rating and set a $56.00 price target (up from $49.00) on shares of T-Mobile US in a research note on Thursday, August 4th. Jefferies Group restated a “buy” rating and set a $55.00 price target on shares of T-Mobile US in a research note on Monday, August 8th. Vetr upgraded T-Mobile US from a “sell” rating to a “hold” rating and set a $46.03 price target for the company in a research note on Wednesday, August 10th. Finally, Robert W. Baird restated a “neutral” rating and set a $51.00 price target on shares of T-Mobile US in a research note on Sunday, August 21st. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $50.35.
In other news, insider Thomas Christopher Keys sold 14,700 shares of T-Mobile US stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $47.11, for a total value of $692,517.00. Following the transaction, the insider now directly owns 355,876 shares in the company, valued at $16,765,318.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is owned by insiders.