T-Mobile Us Inc (TMUS) Position Reduced by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its position in T-Mobile Us Inc (NASDAQ:TMUS) by 0.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 439,891 shares of the Wireless communications provider’s stock after selling 4,047 shares during the period. Gamco Investors INC. ET AL’s holdings in T-Mobile Us were worth $30,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Zions Bancorporation bought a new position in T-Mobile Us in the 3rd quarter worth $102,000. NEXT Financial Group Inc bought a new position in T-Mobile Us in the 3rd quarter worth $105,000. Stratos Wealth Partners LTD. bought a new position in T-Mobile Us in the 3rd quarter worth $111,000. SeaCrest Wealth Management LLC raised its holdings in T-Mobile Us by 92.3% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 2,812 shares of the Wireless communications provider’s stock worth $168,000 after acquiring an additional 1,350 shares during the period. Finally, Arrow Financial Corp bought a new position in T-Mobile Us in the 3rd quarter worth $175,000. Hedge funds and other institutional investors own 32.64% of the company’s stock.

Several research analysts recently commented on the stock. BidaskClub upgraded shares of T-Mobile Us from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Guggenheim lifted their target price on shares of T-Mobile Us from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, September 27th. ValuEngine upgraded shares of T-Mobile Us from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Societe Generale reiterated a “buy” rating and issued a $71.00 target price on shares of T-Mobile Us in a report on Thursday, August 2nd. Finally, Wells Fargo & Co lifted their target price on shares of T-Mobile Us from $77.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, October 29th. One analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $73.13.

In other T-Mobile Us news, EVP David R. Carey sold 2,000 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $70.57, for a total value of $141,140.00. Following the transaction, the executive vice president now directly owns 204,851 shares in the company, valued at $14,456,335.07. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP David A. Miller sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $70.00, for a total transaction of $350,000.00. Following the completion of the transaction, the executive vice president now owns 117,523 shares in the company, valued at $8,226,610. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,622 shares of company stock worth $2,223,911. Company insiders own 0.37% of the company’s stock.

Shares of T-Mobile Us stock opened at $68.77 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.74 and a debt-to-equity ratio of 1.20. T-Mobile Us Inc has a twelve month low of $54.60 and a twelve month high of $70.94. The stock has a market cap of $58.12 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 2.28 and a beta of 0.39.

T-Mobile Us (NASDAQ:TMUS) last released its quarterly earnings results on Tuesday, October 30th. The Wireless communications provider reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.08. The firm had revenue of $10.84 billion for the quarter, compared to analyst estimates of $10.73 billion. T-Mobile Us had a net margin of 11.63% and a return on equity of 11.44%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 earnings per share. Research analysts forecast that T-Mobile Us Inc will post 3.3 earnings per share for the current year.

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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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