Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in T-Mobile Us Inc (TMUS)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of T-Mobile Us Inc (NASDAQ:TMUS) by 20.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 470,960 shares of the Wireless communications provider’s stock after acquiring an additional 79,445 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in T-Mobile Us were worth $33,052,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TMUS. Zions Bancorporation acquired a new position in shares of T-Mobile Us in the 3rd quarter valued at about $102,000. NEXT Financial Group Inc purchased a new position in shares of T-Mobile Us in the 3rd quarter valued at about $105,000. Stratos Wealth Partners LTD. purchased a new position in shares of T-Mobile Us in the 3rd quarter valued at about $111,000. SeaCrest Wealth Management LLC increased its stake in shares of 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 valued at $168,000 after purchasing an additional 1,350 shares in the last quarter. Finally, Arrow Financial Corp purchased a new position in shares of T-Mobile Us in the 3rd quarter valued at about $175,000. 32.64% of the stock is owned by institutional investors and hedge funds.

TMUS traded down $0.08 during trading hours on Friday, reaching $66.70. The company’s stock had a trading volume of 125,723 shares, compared to its average volume of 4,296,156. T-Mobile Us Inc has a fifty-two week low of $55.09 and a fifty-two week high of $70.94. The stock has a market capitalization of $56.66 billion, a PE ratio of 29.13, a P/E/G ratio of 2.21 and a beta of 0.39. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.74 and a current ratio of 0.85.

T-Mobile Us (NASDAQ:TMUS) last released its quarterly earnings data on Tuesday, October 30th. The Wireless communications provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.08. T-Mobile Us had a return on equity of 11.44% and a net margin of 11.63%. The firm had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.73 billion. During the same period in the prior year, the firm posted $0.63 earnings per share. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts forecast that T-Mobile Us Inc will post 3.33 earnings per share for the current fiscal year.

In other T-Mobile Us news, insider Thomas Christopher Keys sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $70.23, for a total transaction of $3,511,500.00. Following the transaction, the insider now directly owns 291,883 shares in the company, valued at $20,498,943.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David R. Carey sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $70.01, for a total value of $140,020.00. Following the transaction, the executive vice president now owns 202,851 shares in the company, valued at $14,201,598.51. The disclosure for this sale can be found here. Insiders have sold 94,814 shares of company stock worth $6,579,495 over the last 90 days. 0.37% of the stock is owned by insiders.

Several brokerages recently weighed in on TMUS. BidaskClub upgraded T-Mobile Us from a “hold” rating to a “buy” rating in a research note on Friday, September 28th. Guggenheim lifted their price target on T-Mobile Us from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, September 27th. Nomura lifted their price target on T-Mobile Us from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 31st. Zacks Investment Research upgraded T-Mobile Us from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research note on Monday, October 8th. Finally, Moffett Nathanson restated a “buy” rating on shares of T-Mobile Us in a research note on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $73.13.

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T-Mobile Us 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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