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 22.13% during the most recent quarter end. The investment management company now holds a total of 568,787 shares of T-Mobile US Inc which is valued at $26,704,550 after selling 161,600 shares in T-Mobile US Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.T-Mobile US Inc makes up approximately 6.93% of Bbt Capital Management’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware reduced its stake in TMUS by selling 115 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 32,470 shares of TMUS which is valued at $1,524,467. T-Mobile US Inc makes up approx 0.13% of Reliance Trust Co Of Delaware’s portfolio.Strs Ohio boosted its stake in TMUS in the latest quarter, The investment management firm added 413,087 additional shares and now holds a total of 799,735 shares of T-Mobile US Inc which is valued at $36,499,905. T-Mobile US Inc makes up approx 0.16% of Strs Ohio’s portfolio.

T-Mobile US Inc closed down -0.71 points or -1.51% at $46.27 with 17,29,003 shares getting traded on Friday. Post opening the session at $46.8, the shares hit an intraday low of $46.06 and an intraday high of $46.85 and the price fluctuated in this range throughout the day.Shares ended Friday 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. 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 .T-Mobile US Inc was Downgraded by Nomura to ” Neutral” on Jun 24, 2016.

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