42,635 Shares in T-Mobile US, Inc. (NASDAQ:TMUS) Bought by Gunderson Capital Management Inc.

Gunderson Capital Management Inc. bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 42,635 shares of the Wireless communications provider's stock, valued at approximately $11,371,000. T-Mobile US makes up approximately 7.3% of Gunderson Capital Management Inc.'s portfolio, making the stock its 5th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of TMUS. Norges Bank purchased a new stake in T-Mobile US in the 4th quarter worth approximately $1,802,393,000. GAMMA Investing LLC raised its holdings in shares of T-Mobile US by 29,289.4% during the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock valued at $814,416,000 after buying an additional 3,043,173 shares in the last quarter. Canada Pension Plan Investment Board grew its position in T-Mobile US by 85.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after acquiring an additional 2,777,657 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of T-Mobile US during the fourth quarter worth approximately $452,721,000. Finally, Capital International Investors lifted its holdings in shares of T-Mobile US by 36.2% in the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after acquiring an additional 1,734,998 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Up 0.3%

Shares of NASDAQ:TMUS traded up $0.82 during midday trading on Tuesday, reaching $243.88. The company's stock had a trading volume of 3,630,251 shares, compared to its average volume of 4,202,993. T-Mobile US, Inc. has a 12-month low of $171.18 and a 12-month high of $276.49. The firm has a market capitalization of $276.91 billion, a P/E ratio of 25.22, a PEG ratio of 1.55 and a beta of 0.69. The firm has a 50 day moving average of $250.33 and a 200-day moving average of $243.95. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. During the same quarter last year, the company earned $2.00 EPS. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now directly owns 3,291 shares of the company's stock, valued at $865,533. This trade represents a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.37% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on TMUS shares. JPMorgan Chase & Co. lifted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Royal Bank of Canada boosted their target price on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research note on Friday, March 21st. Benchmark reaffirmed a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Finally, Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average target price of $257.68.

T-Mobile US 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 customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.