Ameriprise Financial Inc. Buys 325,784 Shares of T-Mobile US, Inc. (TMUS)

Ameriprise Financial Inc. increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 166.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 521,261 shares of the Wireless communications provider’s stock after purchasing an additional 325,784 shares during the quarter. Ameriprise Financial Inc. owned about 0.06% of T-Mobile US worth $32,137,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services Inc grew its position in shares of T-Mobile US by 5.0% in the third quarter. Commonwealth Equity Services Inc now owns 99,443 shares of the Wireless communications provider’s stock valued at $6,131,000 after purchasing an additional 4,698 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of T-Mobile US by 20.6% in the third quarter. Advisors Asset Management Inc. now owns 78,739 shares of the Wireless communications provider’s stock valued at $4,855,000 after purchasing an additional 13,433 shares in the last quarter. Putnam FL Investment Management Co. purchased a new position in shares of T-Mobile US in the third quarter valued at $2,155,000. Cambridge Investment Research Advisors Inc. grew its position in shares of T-Mobile US by 150.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 14,600 shares of the Wireless communications provider’s stock valued at $900,000 after purchasing an additional 8,770 shares in the last quarter. Finally, NF Trinity Capital Hong Kong Ltd grew its position in shares of T-Mobile US by 150.2% in the third quarter. NF Trinity Capital Hong Kong Ltd now owns 132,600 shares of the Wireless communications provider’s stock valued at $8,176,000 after purchasing an additional 79,600 shares in the last quarter. Institutional investors own 34.96% of the company’s stock.

T-Mobile US, Inc. (NASDAQ:TMUS) opened at $60.24 on Tuesday. T-Mobile US, Inc. has a 52-week low of $54.52 and a 52-week high of $68.88. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.92. The company has a market capitalization of $50,670.00, a PE ratio of 27.56, a P/E/G ratio of 1.13 and a beta of 0.29.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Monday, October 23rd. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The firm had revenue of $10.02 billion during the quarter, compared to analysts’ expectations of $10.01 billion. During the same period in the prior year, the business earned $0.27 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. equities research analysts predict that T-Mobile US, Inc. will post 2.41 EPS for the current year.

Several equities analysts have recently weighed in on TMUS shares. Jefferies Group reduced their price target on T-Mobile US from $83.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, November 7th. BTIG Research lifted their price target on T-Mobile US from $74.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Deutsche Bank upgraded T-Mobile US from a “hold” rating to a “buy” rating and lifted their price target for the company from $56.22 to $65.00 in a research report on Thursday, November 9th. BidaskClub cut T-Mobile US from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. Finally, Bank of America lifted their price target on T-Mobile US from $34.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $69.34.

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About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 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.

Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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