Mobile quarterly profit tops estimates as subscribers grow

Mobile quarterly profit tops estimates as subscribers grow

BlackRock Inc. grew its holdings in shares of T-Mobile US by 10.9% in the second quarter.

A potential merger with Sprint could be about to materialize as evident by T-Mobile's decision to skip its quarterly earnings call with investors.

Other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in T-Mobile US by 1,887.3% in the 2nd quarter. Janus Henderson Group PLC now owns 4,479,412 shares of the Wireless communications provider's stock valued at $271,542,000 after buying an additional 4,443,083 shares during the last quarter.


Palestra Capital Management Llc, which manages about $755.46 million and $1.30 billion US Long portfolio, decreased its stake in Cardconnect Corp by 1.60M shares to 320,000 shares, valued at $4.82M in 2017Q2, according to the filing. Quotient Investors LLC bought a new stake in T-Mobile US in the third quarter worth approximately $598,000. The stock's 12-month trailing earnings per share stands at $1.85. Piedmont Advisors Ltd Liability Com reported 0.08% of its portfolio in T-Mobile US Inc (NASDAQ:TMUS). Toronto Dominion Bank now owns 2,484 shares of the company's stock worth $116,000 after buying an additional 909 shares in the last quarter. Institutional investors and hedge funds own 34.76% of the company's stock. This morning, when T-Mobile announced its Q3 numbers, it cancelled the conference call. "(TMUS) Shares Sold by Meeder Asset Management Inc." was first published by StockNewsTimes and is the property of of StockNewsTimes. The original version of this news story can be read at https://stocknewstimes.com/2017/10/23/t-mobile-us-inc-tmus-shares-sold-by-meeder-asset-management-inc.html.

Analysts await T-Mobile US Inc (NASDAQ:TMUS) to report earnings on October, 23. BTIG Research maintained T-Mobile US Inc (NASDAQ:TMUS) rating on Tuesday, August 2. Nomura downgraded the shares of TMUS in report on Friday, June 24 to "Neutral" rating. Deutsche Bank AG reissued a "hold" rating and issued a $70.00 price objective on shares of T-Mobile US in a report on Friday, September 8th. Jefferies Group reiterated a "buy" rating and set a $55.00 price target on shares of T-Mobile US in a research note on Tuesday, October 4th. Argus Research maintained it with "Buy" rating and $49 target in Tuesday, August 4 report. The company has an average rating of "Buy" and a consensus target price of $70.81. Oppenheimer & Co. Inc. now owns 28,740 shares of the Wireless communications provider's stock worth $1,742,000 after buying an additional 1,789 shares in the last quarter. Narrowing in, the stock is at a distance of -6.64% from the 50 day high and 2.86% off of the 50 day low. The stock has a market capitalization of $47.64 billion, a P/E ratio of 36.62 and a beta of 0.68. Redwood Ltd Llc invested 1.06% in T-Mobile US Inc (NASDAQ:TMUS). The business earned $9.20 million during the quarter, compared to analyst estimates of $9.45 billion.

Andrew Immerman increased its stake in T Mobile Us Inc (TMUS) by 98.8% based on its latest 2017Q2 regulatory filing with the SEC. T-Mobile US's quarterly revenue was up 7.7% compared to the same quarter previous year. During the same quarter in the prior year, the firm earned $0.15 earnings per share.

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