Sheets Smith Wealth Management Lowers stake in T-Mobile US Inc (TMUS)

T-Mobile US Inc (TMUS) : Sheets Smith Wealth Management reduced its stake in T-Mobile US Inc by 17.03% during the most recent quarter end. The investment management company now holds a total of 97,412 shares of T-Mobile US Inc which is valued at $4 Million after selling 20,000 shares in T-Mobile US Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.T-Mobile US Inc makes up approximately 1.22% of Sheets Smith Wealth Management’s portfolio.

Other Hedge Funds, Including , Hbk Investments L P added TMUS to its portfolio by purchasing 301,700 company shares during the most recent quarter which is valued at $12.3 Million. T-Mobile US Inc makes up approx 0.27% of Hbk Investments L P’s portfolio.Td Asset Management Inc reduced its stake in TMUS by selling 83,046 shares or 11.12% in the most recent quarter. The Hedge Fund company now holds 663,702 shares of TMUS which is valued at $26.2 Million. T-Mobile US Inc makes up approx 0.05% of Td Asset Management Inc’s portfolio.Schwab Charles Investment Management Inc boosted its stake in TMUS in the latest quarter, The investment management firm added 34,320 additional shares and now holds a total of 503,298 shares of T-Mobile US Inc which is valued at $19.9 Million. T-Mobile US Inc makes up approx 0.03% of Schwab Charles Investment Management Inc’s portfolio.State Of Wisconsin Investment Board reduced its stake in TMUS by selling 11,490 shares or 3.86% in the most recent quarter. The Hedge Fund company now holds 286,543 shares of TMUS which is valued at $11.3 Million. T-Mobile US Inc makes up approx 0.04% of State Of Wisconsin Investment Board’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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