York Capital Management Global Advisors Lowers stake in T-Mobile US Inc (TMUS)

T-Mobile US Inc (TMUS) : York Capital Management Global Advisors reduced its stake in T-Mobile US Inc by 26.74% during the most recent quarter end. The investment management company now holds a total of 2,390,811 shares of T-Mobile US Inc which is valued at $112,248,576 after selling 872,491 shares in T-Mobile US Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.T-Mobile US Inc makes up approximately 2.77% of York Capital Management Global Advisors’s portfolio.

Other Hedge Funds, Including , Moore Capital Management Lp boosted its stake in TMUS in the latest quarter, The investment management firm added 50,000 additional shares and now holds a total of 225,000 shares of T-Mobile US Inc which is valued at $10,563,750. T-Mobile US Inc makes up approx 0.51% of Moore Capital Management Lp’s portfolio. Visium Asset Management Lp sold out all of its stake in TMUS during the most recent quarter. The investment firm sold 471,662 shares of TMUS which is valued $22,144,531. Dynamic Technology Lab Private Ltd sold out all of its stake in TMUS during the most recent quarter. The investment firm sold 8,758 shares of TMUS which is valued $411,188.Ameritas Investment Partners boosted its stake in TMUS in the latest quarter, The investment management firm added 586 additional shares and now holds a total of 14,510 shares of T-Mobile US Inc which is valued at $681,245. T-Mobile US Inc makes up approx 0.04% of Ameritas Investment Partners’s portfolio. Rothschild Asset Management Inc sold out all of its stake in TMUS during the most recent quarter. The investment firm sold 8,335 shares of TMUS which is valued $393,495.

T-Mobile US Inc closed down -0.09 points or -0.19% at $46.25 with 26,43,490 shares getting traded on Thursday. Post opening the session at $46.41, the shares hit an intraday low of $46.21 and an intraday high of $46.94 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, T-Mobile US Inc reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.21. The company had revenue of $9200.00 million for the quarter, compared to analysts expectations of $9026.54 million. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.

Many Wall Street Analysts have commented on T-Mobile US Inc. T-Mobile US Inc was Upgraded by Wells Fargo to ” Outperform” on Aug 29, 2016. Company shares were Reiterated by Jefferies on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 55 from a previous price target of $45 .Company shares were Reiterated by Deutsche Bank on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $46 .

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