Chemical Bank Increases Position in T-Mobile Us Inc (TMUS)

Chemical Bank increased its stake in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 15.5% during the third quarter, HoldingsChannel.com reports. The fund owned 8,675 shares of the Wireless communications provider’s stock after acquiring an additional 1,167 shares during the quarter. Chemical Bank’s holdings in T-Mobile Us were worth $608,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Icon Advisers Inc. Co. acquired a new stake in T-Mobile Us during the third quarter worth $1,298,000. CIBC Asset Management Inc boosted its stake in T-Mobile Us by 4.2% during the third quarter. CIBC Asset Management Inc now owns 75,400 shares of the Wireless communications provider’s stock worth $5,292,000 after buying an additional 3,064 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in T-Mobile Us by 7.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 11,577 shares of the Wireless communications provider’s stock worth $812,000 after buying an additional 770 shares in the last quarter. Zions Bancorporation acquired a new stake in T-Mobile Us during the third quarter worth $102,000. Finally, Meeder Asset Management Inc. boosted its stake in T-Mobile Us by 806.4% during the third quarter. Meeder Asset Management Inc. now owns 115,979 shares of the Wireless communications provider’s stock worth $8,139,000 after buying an additional 103,183 shares in the last quarter. 32.64% of the stock is currently owned by institutional investors and hedge funds.

TMUS has been the topic of a number of recent research reports. Societe Generale reiterated a “buy” rating and set a $71.00 price target on shares of T-Mobile Us in a research note on Thursday, August 2nd. KeyCorp set a $76.00 price target on shares of T-Mobile Us and gave the stock a “buy” rating in a research note on Thursday, September 13th. Barclays downgraded shares of T-Mobile Us to a “buy” rating in a research note on Tuesday, September 4th. BidaskClub upgraded shares of T-Mobile Us from a “hold” rating to a “buy” rating in a research note on Friday, September 28th. Finally, Guggenheim boosted their target price on shares of T-Mobile Us from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, September 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company’s stock. T-Mobile Us currently has an average rating of “Buy” and a consensus price target of $73.13.

Shares of NASDAQ:TMUS opened at $68.68 on Friday. T-Mobile Us Inc has a 52 week low of $55.09 and a 52 week high of $70.94. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.74 and a current ratio of 0.85. The firm has a market capitalization of $58.34 billion, a PE ratio of 29.99, a PEG ratio of 2.28 and a beta of 0.39.

T-Mobile Us (NASDAQ:TMUS) last issued its earnings results on Tuesday, October 30th. The Wireless communications provider reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.08. T-Mobile Us had a net margin of 11.63% and a return on equity of 11.44%. The company had revenue of $10.84 billion for the quarter, compared to the consensus estimate of $10.73 billion. During the same quarter in the previous year, the company earned $0.63 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, sell-side analysts forecast that T-Mobile Us Inc will post 3.31 EPS for the current year.

In related news, COO G Michael Sievert sold 10,622 shares of the company’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $65.79, for a total transaction of $698,821.38. Following the transaction, the chief operating officer now owns 452,478 shares in the company, valued at approximately $29,768,527.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO J Braxton Carter II sold 15,000 shares of the company’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $68.93, for a total transaction of $1,033,950.00. The disclosure for this sale can be found here. Insiders sold a total of 94,814 shares of company stock worth $6,579,495 in the last 90 days. 0.37% of the stock is owned by corporate insiders.

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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 United States Virgin Islands. The company offers voice, messaging, and data services to 72.6 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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