Bbt Capital Management Lowers stake in T-Mobile US Inc (TMUS)

T-Mobile US Inc (TMUS) : Bbt Capital Management reduced its stake in T-Mobile US Inc by 22.96% during the most recent quarter end. The investment management company now holds a total of 730,387 shares of T-Mobile US Inc which is valued at $29.7 Million after selling 217,656 shares in T-Mobile US Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.T-Mobile US Inc makes up approximately 9.56% of Bbt Capital Management’s portfolio.

Other Hedge Funds, Including , Nwi Management Lp boosted its stake in TMUS in the latest quarter, The investment management firm added 300,000 additional shares and now holds a total of 880,000 shares of T-Mobile US Inc which is valued at $35.8 Million. T-Mobile US Inc makes up approx 3.02% of Nwi Management Lp’s portfolio.Harvest Management reduced its stake in TMUS by selling 5,000 shares or 44.64% in the most recent quarter. The Hedge Fund company now holds 6,200 shares of TMUS which is valued at $251,968. T-Mobile US Inc makes up approx 0.31% of Harvest Management’s portfolio.Amalgamated Bank boosted its stake in TMUS in the latest quarter, The investment management firm added 2,615 additional shares and now holds a total of 7,992 shares of T-Mobile US Inc which is valued at $324,795. T-Mobile US Inc makes up approx 0.03% of Amalgamated Bank’s portfolio.

T-Mobile US Inc opened for trading at $40.98 and hit $42.11 on the upside on Friday, eventually ending the session at $41.7, with a gain of 2.18% or 0.89 points. The heightened volatility saw the trading volume jump to 69,66,921 shares. Company has a market cap of $34,285,156 M.

On the company’s financial health, T-Mobile US Inc reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.46 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.10. The company had revenue of $8600.00 million for the quarter, compared to analysts expectations of $8459.27 million. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

Many Wall Street Analysts have commented on T-Mobile US Inc. Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 47 from a previous price target of $44 .Company shares were Reiterated by Barclays on Apr 18, 2016 to “Overweight”, Firm has raised the Price Target to $ 49 from a previous price target of $45 .T-Mobile US Inc was Initiated by Macquarie to “Neutral” on Apr 5, 2016.

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