Cambridge Investment Research Advisors Inc. Trims Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Cambridge Investment Research Advisors Inc. lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUSGet Rating) by 3.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,561 shares of the Wireless communications provider’s stock after selling 917 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in T-Mobile US were worth $2,849,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TMUS. Bank of Nova Scotia increased its stake in T-Mobile US by 171.3% in the 3rd quarter. Bank of Nova Scotia now owns 4,611,993 shares of the Wireless communications provider’s stock worth $589,225,000 after buying an additional 2,911,738 shares during the period. Viking Global Investors LP grew its holdings in T-Mobile US by 35.6% during the 3rd quarter. Viking Global Investors LP now owns 10,225,185 shares of the Wireless communications provider’s stock worth $1,306,370,000 after acquiring an additional 2,682,996 shares in the last quarter. Royal Bank of Canada grew its holdings in T-Mobile US by 16.1% during the 3rd quarter. Royal Bank of Canada now owns 8,774,008 shares of the Wireless communications provider’s stock worth $1,120,968,000 after acquiring an additional 1,216,242 shares in the last quarter. Farallon Capital Management LLC grew its holdings in T-Mobile US by 33.4% during the 3rd quarter. Farallon Capital Management LLC now owns 4,599,011 shares of the Wireless communications provider’s stock worth $587,570,000 after acquiring an additional 1,150,530 shares in the last quarter. Finally, National Bank of Canada FI bought a new position in T-Mobile US during the 4th quarter worth about $129,831,000. 43.87% of the stock is currently owned by institutional investors.

TMUS opened at $128.63 on Friday. T-Mobile US, Inc. has a 12-month low of $101.51 and a 12-month high of $150.20. The company has a current ratio of 0.89, a quick ratio of 0.78 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $160.70 billion, a PE ratio of 53.37, a P/E/G ratio of 2.06 and a beta of 0.51. The firm has a 50 day moving average of $127.33 and a two-hundred day moving average of $119.77.

T-Mobile US (NASDAQ:TMUSGet Rating) last posted its quarterly earnings results on Wednesday, February 2nd. The Wireless communications provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.94. T-Mobile US had a net margin of 3.78% and a return on equity of 6.18%. The company had revenue of $20.79 billion during the quarter, compared to analyst estimates of $21.12 billion. During the same period last year, the firm posted $1.03 EPS. As a group, analysts predict that T-Mobile US, Inc. will post 2.46 EPS for the current fiscal year.

Several research analysts have issued reports on the stock. UBS Group set a $170.00 target price on shares of T-Mobile US in a report on Thursday, February 3rd. Barclays set a $150.00 price target on shares of T-Mobile US in a report on Thursday, February 3rd. Sanford C. Bernstein set a $162.00 price target on shares of T-Mobile US in a report on Monday, January 3rd. StockNews.com cut shares of T-Mobile US from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Wells Fargo & Company upgraded shares of T-Mobile US to a “neutral” rating in a report on Sunday, January 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $161.24.

In other T-Mobile US news, insider Neville R. Ray sold 120,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 3rd. The shares were sold at an average price of $120.40, for a total transaction of $14,448,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.69% of the company’s stock.

About T-Mobile US (Get Rating)

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 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.

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

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