Gruss Co Inc buys $2.6 Million stake in T-Mobile US Inc (TMUS)

T-Mobile US Inc (TMUS) : Gruss Co Inc scooped up 4,000 additional shares in T-Mobile US Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 64,000 shares of T-Mobile US Inc which is valued at $2.6 Million.T-Mobile US Inc makes up approximately 3.59% of Gruss Co Inc’s portfolio.

Other Hedge Funds, Including , Peak6 Investments added TMUS to its portfolio by purchasing 17,493 company shares during the most recent quarter which is valued at $710,916. T-Mobile US Inc makes up approx 0.06% of Peak6 Investments’s portfolio.Hudson Bay Capital Management Lp reduced its stake in TMUS by selling 136,611 shares or 64.87% in the most recent quarter. The Hedge Fund company now holds 73,968 shares of TMUS which is valued at $3 Million. T-Mobile US Inc makes up approx 0.41% of Hudson Bay Capital Management Lp’s portfolio.Tiaa Cref Investment Management reduced its stake in TMUS by selling 273,634 shares or 5.8% in the most recent quarter. The Hedge Fund company now holds 4,443,377 shares of TMUS which is valued at $175.5 Million. T-Mobile US Inc makes up approx 0.13% of Tiaa Cref Investment Management’s portfolio. Bluecrest Capital Management Ltd added TMUS to its portfolio by purchasing 120,484 company shares during the most recent quarter which is valued at $4.8 Million. T-Mobile US Inc makes up approx 0.42% of Bluecrest Capital Management Ltd’s portfolio.Quantbot Technologies Lp boosted its stake in TMUS in the latest quarter, The investment management firm added 52,257 additional shares and now holds a total of 78,161 shares of T-Mobile US Inc which is valued at $3.1 Million. T-Mobile US Inc makes up approx 0.48% of Quantbot Technologies Lp’s portfolio.

T-Mobile US Inc opened for trading at $41.93 and hit $42.18 on the upside on Wednesday, eventually ending the session at $42.12, with a gain of 0.60% or 0.25 points. The heightened volatility saw the trading volume jump to 23,11,671 shares. Company has a market cap of $34,630 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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