Putnam FL Investment Management Co. Takes Position in T-Mobile US, Inc. (TMUS)

Putnam FL Investment Management Co. acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 34,955 shares of the Wireless communications provider’s stock, valued at approximately $2,155,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. GLG Partners LP grew its position in shares of T-Mobile US by 0.3% in the 2nd quarter. GLG Partners LP now owns 10,000 shares of the Wireless communications provider’s stock valued at $606,000 after purchasing an additional 31 shares during the period. Gilder Gagnon Howe & Co. LLC grew its position in shares of T-Mobile US by 1.4% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 5,061 shares of the Wireless communications provider’s stock valued at $307,000 after purchasing an additional 69 shares during the period. World Asset Management Inc grew its position in shares of T-Mobile US by 1.3% in the 2nd quarter. World Asset Management Inc now owns 12,868 shares of the Wireless communications provider’s stock valued at $780,000 after purchasing an additional 164 shares during the period. Public Employees Retirement Association of Colorado grew its position in shares of T-Mobile US by 0.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 58,413 shares of the Wireless communications provider’s stock valued at $3,541,000 after purchasing an additional 198 shares during the period. Finally, IFP Advisors Inc grew its position in shares of T-Mobile US by 9.4% in the 2nd quarter. IFP Advisors Inc now owns 3,854 shares of the Wireless communications provider’s stock valued at $234,000 after purchasing an additional 332 shares during the period. Institutional investors and hedge funds own 35.09% of the company’s stock.

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T-Mobile US, Inc. (NASDAQ TMUS) traded up $3.11 on Friday, reaching $59.80. The company had a trading volume of 10,397,600 shares, compared to its average volume of 4,289,223. T-Mobile US, Inc. has a twelve month low of $52.49 and a twelve month high of $68.88. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. The company has a market cap of $47,164.04, a PE ratio of 25.65, a PEG ratio of 1.24 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 for the quarter, topping the consensus estimate of $0.46 by $0.17. The firm had revenue of $10.02 billion for the quarter, compared to analysts’ expectations of $10.01 billion. T-Mobile US had a return on equity of 9.99% and a net margin of 5.55%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 EPS. analysts predict that T-Mobile US, Inc. will post 2.33 earnings per share for the current year.

Several equities analysts recently issued reports on the company. Deutsche Bank AG upgraded T-Mobile US from a “hold” rating to a “buy” rating and boosted their price objective for the company from $56.22 to $65.00 in a research report on Thursday, November 9th. BidaskClub downgraded T-Mobile US from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. Jefferies Group LLC 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. Robert W. Baird reaffirmed a “hold” rating and set a $70.00 price target on shares of T-Mobile US in a research report on Monday, November 6th. Finally, UBS AG reaffirmed a “buy” rating and set a $70.00 price target (down previously from $80.00) on shares of T-Mobile US in a research report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have issued 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 an average price target of $69.91.

T-Mobile US Profile

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.

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

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