T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) by 0.5% in the third quarter, HoldingsChannel reports. The firm owned 2,310,528 shares of the Wireless communications provider’s stock after buying an additional 10,698 shares during the quarter. Artisan Partners Limited Partnership’s holdings in T-Mobile US were worth $310,004,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of T-Mobile US by 3,974.1% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,001,063 shares of the Wireless communications provider’s stock valued at $672,843,000 after purchasing an additional 4,878,309 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of T-Mobile US by 15.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 19,846,703 shares of the Wireless communications provider’s stock valued at $2,670,175,000 after purchasing an additional 2,690,231 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of T-Mobile US in the 3rd quarter valued at about $222,379,000. Artemis Investment Management LLP grew its holdings in shares of T-Mobile US by 969.1% during the 3rd quarter. Artemis Investment Management LLP now owns 1,011,790 shares of the Wireless communications provider’s stock worth $135,788,000 after purchasing an additional 917,150 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in T-Mobile US by 492.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,013,772 shares of the Wireless communications provider’s stock worth $130,118,000 after purchasing an additional 842,572 shares in the last quarter. Institutional investors and hedge funds own 42.86% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $0.10 during mid-day trading on Thursday, reaching $143.91. The company had a trading volume of 642,737 shares, compared to its average volume of 5,385,464. The company has a 50-day moving average price of $144.84 and a two-hundred day moving average price of $143.56. The company has a current ratio of 0.77, a quick ratio of 0.69 and a debt-to-equity ratio of 1.04. The stock has a market cap of $179.05 billion, a PE ratio of 69.81, a P/E/G ratio of 0.68 and a beta of 0.56. T-Mobile US, Inc. has a 1-year low of $116.91 and a 1-year high of $154.38.

T-Mobile US (NASDAQ:TMUS – Get Rating) last posted its quarterly earnings data on Wednesday, February 1st. The Wireless communications provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.08. The firm had revenue of $20.27 billion for the quarter, compared to analysts’ expectations of $20.66 billion. T-Mobile US had a net margin of 3.26% and a return on equity of 6.43%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. On average, equities analysts anticipate that T-Mobile US, Inc. will post 6.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TMUS shares. UBS Group set a $180.00 price objective on T-Mobile US in a research report on Thursday, February 2nd. Benchmark dropped their price objective on T-Mobile US to $197.00 in a report on Thursday, October 20th. KeyCorp reduced their target price on T-Mobile US from $165.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, February 2nd. The Goldman Sachs Group set a $180.00 price target on shares of T-Mobile US in a research note on Tuesday, January 10th. Finally, Cowen lowered their price objective on T-Mobile US from $201.00 to $199.00 and set an “outperform” rating for the company in a report on Thursday, February 2nd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $180.17.

T-Mobile US Company Profile

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T-Mobile US, Inc engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.

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