T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by Park Edge Advisors LLC

Park Edge Advisors LLC raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 51.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,794 shares of the Wireless communications provider's stock after buying an additional 1,629 shares during the period. Park Edge Advisors LLC's holdings in T-Mobile US were worth $1,279,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TMUS. Ancora Advisors LLC raised its holdings in T-Mobile US by 16.6% during the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock worth $57,000 after purchasing an additional 37 shares during the last quarter. Snowden Capital Advisors LLC increased its position in shares of T-Mobile US by 0.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock valued at $1,411,000 after buying an additional 40 shares in the last quarter. Signaturefd LLC raised its stake in shares of T-Mobile US by 0.4% during the 4th quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock worth $2,499,000 after buying an additional 41 shares during the last quarter. Financial Management Professionals Inc. boosted its position in shares of T-Mobile US by 15.6% in the 1st quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock worth $81,000 after buying an additional 41 shares in the last quarter. Finally, Continuum Advisory LLC boosted its position in shares of T-Mobile US by 0.7% in the 4th quarter. Continuum Advisory LLC now owns 6,069 shares of the Wireless communications provider's stock worth $1,340,000 after buying an additional 43 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Up 1.2%

TMUS traded up $2.94 during trading hours on Thursday, reaching $244.90. 2,855,193 shares of the stock traded hands, compared to its average volume of 4,168,051. T-Mobile US, Inc. has a fifty-two week low of $171.18 and a fifty-two week high of $276.49. The company has a market cap of $278.07 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 1.55 and a beta of 0.69. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The firm's fifty day simple moving average is $249.38 and its two-hundred day simple moving average is $243.93.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $20.67 billion. During the same period last year, the firm earned $2.00 earnings per share. The company's revenue was up 6.6% on a year-over-year basis. As a group, analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TMUS. Hsbc Global Res cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Benchmark reissued a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a research note on Thursday, March 27th. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. HSBC downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a report on Wednesday, March 5th. Finally, Citigroup downgraded shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective on the stock. in a research note on Friday, March 14th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $257.68.

About T-Mobile US

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.