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

T-Mobile US Inc (TMUS) : Seminole Management reduced its stake in T-Mobile US Inc by 19.71% during the most recent quarter end. The investment management company now holds a total of 1,295,654 shares of T-Mobile US Inc which is valued at $59,133,649 after selling 318,079 shares in T-Mobile US Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.T-Mobile US Inc makes up approximately 5.83% of Seminole Management’s portfolio.

Other Hedge Funds, Including , Calamos Advisors reduced its stake in TMUS by selling 120,711 shares or 9.5% in the most recent quarter. The Hedge Fund company now holds 1,149,584 shares of TMUS which is valued at $52,467,014. T-Mobile US Inc makes up approx 0.48% of Calamos Advisors’s portfolio.Huntington National Bank boosted its stake in TMUS in the latest quarter, The investment management firm added 370,300 additional shares and now holds a total of 370,377 shares of T-Mobile US Inc which is valued at $16,904,006. T-Mobile US Inc makes up approx 0.41% of Huntington National Bank’s portfolio.Shell Asset Management Co boosted its stake in TMUS in the latest quarter, The investment management firm added 12,232 additional shares and now holds a total of 35,942 shares of T-Mobile US Inc which is valued at $1,640,393. T-Mobile US Inc makes up approx 0.04% of Shell Asset Management Co’s portfolio.Simplex Trading boosted its stake in TMUS in the latest quarter, The investment management firm added 13,217 additional shares and now holds a total of 22,981 shares of T-Mobile US Inc which is valued at $1,023,574. T-Mobile US Inc makes up approx 0.13% of Simplex Trading’s portfolio.Sumitomo Life Insurance Co boosted its stake in TMUS in the latest quarter, The investment management firm added 3,735 additional shares and now holds a total of 32,114 shares of T-Mobile US Inc which is valued at $1,424,898. T-Mobile US Inc makes up approx 0.19% of Sumitomo Life Insurance Co’s portfolio.

T-Mobile US Inc opened for trading at $46.23 and hit $46.96 on the upside on Friday, eventually ending the session at $46.34, with a gain of 0.26% or 0.12 points. The heightened volatility saw the trading volume jump to 32,36,981 shares. Company has a market cap of $38,126 M.

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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