Today The T-Mobile US, Inc. (TMUS) Stake Raised by First Trust Advisors LP

Today The T-Mobile US, Inc. (TMUS) Stake Raised by First Trust Advisors LP

First Trust Advisors LP increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 44.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,113,940 shares of the company’s stock after buying an additional 653,416 shares during the period. First Trust Advisors LP’s holdings in T-Mobile US were worth $98,763,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Gilder Gagnon Howe & Co. LLC increased its stake in T-Mobile US by 59.3% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 4,904 shares of the company’s stock worth $229,000 after buying an additional 1,825 shares during the period. Seven Bridges Advisors LLC acquired a new stake in shares of T-Mobile US during the third quarter valued at $355,000. Huntington National Bank increased its stake in shares of T-Mobile US by 10.1% in the third quarter. Huntington National Bank now owns 407,746 shares of the company’s stock valued at $19,050,000 after buying an additional 37,369 shares during the last quarter. Suffolk Capital Management LLC acquired a new stake in shares of T-Mobile US during the third quarter valued at $12,593,000. Finally, Advisors Asset Management Inc. increased its stake in shares of T-Mobile US by 68.5% in the third quarter. Advisors Asset Management Inc. now owns 48,390 shares of the company’s stock valued at $2,261,000 after buying an additional 19,680 shares during the last quarter. 34.31% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US, Inc. (NASDAQ:TMUS) opened at 60.21 on Wednesday. T-Mobile US, Inc. has a 12 month low of $33.23 and a 12 month high of $60.86. The stock has a market cap of $49.61 billion, a P/E ratio of 38.13 and a beta of 0.68. The firm’s 50-day moving average is $57.86 and its 200-day moving average is $50.32.

Several brokerages recently weighed in on TMUS. BTIG Research reaffirmed a “buy” rating and set a $65.00 target price (up from $56.00) on shares of T-Mobile US in a research note on Thursday, January 12th. Nomura reaffirmed a “neutral” rating and set a $46.00 target price on shares of T-Mobile US in a research note on Sunday, January 8th. Macquarie reaffirmed a “hold” rating and set a $62.00 target price on shares of T-Mobile US in a research note on Sunday. FBR & Co upped their target price on shares of T-Mobile US from $48.00 to $54.00 and gave the stock a “mkt perform” rating in a research note on Tuesday, October 25th. Finally, Argus reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, January 11th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $52.63.

In related news, Director W Michael Barnes sold 22,500 shares of T-Mobile US stock in a transaction on Friday, December 30th. The shares were sold at an average price of $57.86, for a total value of $1,301,850.00. Following the completion of the sale, the director now owns 113,267 shares in the company, valued at $6,553,628.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.30% of the stock is currently owned by insiders.

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS).

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