Huntington National Bank boosted its stake in T-Mobile US Inc. (NASDAQ:TMUS) by 480,909.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 370,377 shares of the company’s stock after buying an additional 370,300 shares during the period. Huntington National Bank’s holdings in T-Mobile US were worth $16,026,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of TMUS. Creative Planning raised its stake in T-Mobile US by 45.2% in the second quarter. Creative Planning now owns 2,970 shares of the company’s stock valued at $129,000 after buying an additional 924 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in T-Mobile US by 1.4% in the second quarter. Checchi Capital Advisers LLC now owns 3,386 shares of the company’s stock valued at $147,000 after buying an additional 48 shares during the last quarter. Invictus RG raised its stake in T-Mobile US by 330.4% in the first quarter. Invictus RG now owns 3,641 shares of the company’s stock valued at $139,000 after buying an additional 2,795 shares during the last quarter. Hartford Investment Management Co. purchased a new stake in T-Mobile US during the second quarter valued at $213,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in T-Mobile US during the first quarter valued at $210,000. 34.17% of the stock is currently owned by institutional investors and hedge funds.
Shares of T-Mobile US Inc. (NASDAQ:TMUS) traded down 1.17% during trading on Tuesday, hitting $45.61. 1,469,267 shares of the stock traded hands. The firm has a market cap of $37.53 billion, a P/E ratio of 35.08 and a beta of 0.51. T-Mobile US Inc. has a 52 week low of $33.23 and a 52 week high of $48.11. The company has a 50-day moving average of $46.34 and a 200-day moving average of $43.42.
T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.03 billion. T-Mobile US had a return on equity of 6.77% and a net margin of 3.36%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 earnings per share. On average, analysts forecast that T-Mobile US Inc. will post $1.32 EPS for the current fiscal year.
Several research firms have recently weighed in on TMUS. FBR & Co upped their target price on shares of T-Mobile US from $40.00 to $48.00 and gave the stock a “market perform” rating in a report on Friday, July 29th. BTIG Research upped their target price on shares of T-Mobile US from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Barclays PLC upped their price target on shares of T-Mobile US from $49.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, July 28th. Jefferies Group reiterated a “buy” rating and set a $55.00 price target on shares of T-Mobile US in a research report on Thursday, July 28th. Finally, Deutsche Bank AG upped their price target on shares of T-Mobile US from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $49.20.
In related news, insider Thomas Christopher Keys sold 14,700 shares of T-Mobile US stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $47.11, for a total value of $692,517.00. Following the transaction, the insider now directly owns 355,876 shares of the company’s stock, valued at $16,765,318.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO J Braxton Carter II sold 50,000 shares of T-Mobile US stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $47.95, for a total value of $2,397,500.00. Following the completion of the transaction, the chief financial officer now directly owns 239,971 shares in the company, valued at $11,506,609.45. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.
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