Elkfork Partners LLC Raises Stock Holdings in T-Mobile Us Inc (NASDAQ:TMUS)

Elkfork Partners LLC increased its position in T-Mobile Us Inc (NASDAQ:TMUS) by 241.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,136 shares of the Wireless communications provider’s stock after buying an additional 7,168 shares during the period. Elkfork Partners LLC’s holdings in T-Mobile Us were worth $752,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TMUS. Geode Capital Management LLC increased its stake in T-Mobile Us by 18.7% during the fourth quarter. Geode Capital Management LLC now owns 3,275,085 shares of the Wireless communications provider’s stock worth $208,191,000 after acquiring an additional 516,096 shares during the last quarter. SG Americas Securities LLC increased its stake in T-Mobile Us by 105.5% during the first quarter. SG Americas Securities LLC now owns 9,970 shares of the Wireless communications provider’s stock worth $689,000 after acquiring an additional 192,144 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in T-Mobile Us by 12.1% during the first quarter. Robeco Institutional Asset Management B.V. now owns 98,545 shares of the Wireless communications provider’s stock worth $6,808,000 after acquiring an additional 10,645 shares during the last quarter. Cornerstone Advisors Inc. increased its stake in T-Mobile Us by 357.8% during the first quarter. Cornerstone Advisors Inc. now owns 1,204 shares of the Wireless communications provider’s stock worth $83,000 after acquiring an additional 941 shares during the last quarter. Finally, First Allied Advisory Services Inc. grew its stake in shares of T-Mobile Us by 22.5% during the first quarter. First Allied Advisory Services Inc. now owns 10,002 shares of the Wireless communications provider’s stock valued at $694,000 after buying an additional 1,835 shares during the last quarter. Institutional investors own 33.06% of the company’s stock.

A number of research firms have recently commented on TMUS. UBS Group reaffirmed a “buy” rating and set a $96.00 target price on shares of T-Mobile Us in a research note on Monday, July 29th. Wells Fargo & Co upped their target price on T-Mobile Us from $82.00 to $98.00 and gave the company a “positive” rating in a research note on Monday, July 29th. Oppenheimer reaffirmed a “market perform” rating on shares of T-Mobile Us in a research note on Tuesday, August 27th. BidaskClub cut T-Mobile Us from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Finally, Barclays reaffirmed a “buy” rating and set a $93.00 target price on shares of T-Mobile Us in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. T-Mobile Us has an average rating of “Buy” and a consensus target price of $90.00.

Shares of NASDAQ:TMUS opened at $77.56 on Friday. T-Mobile Us Inc has a 52-week low of $59.96 and a 52-week high of $85.22. The stock has a market cap of $68.19 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 1.47 and a beta of 0.42. The business’s 50 day moving average is $78.36 and its 200 day moving average is $75.85. The company has a quick ratio of 0.54, a current ratio of 0.62 and a debt-to-equity ratio of 1.43.

T-Mobile Us (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, July 25th. The Wireless communications provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.30. T-Mobile Us had a return on equity of 13.89% and a net margin of 7.40%. The company had revenue of $10.98 billion for the quarter, compared to analysts’ expectations of $11.14 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. T-Mobile Us’s revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts anticipate that T-Mobile Us Inc will post 4.38 EPS for the current fiscal year.

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 79.7 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.

Read More: Why Net Income is Important to Investors

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

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