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 $4,573,493 after selling 20,000 shares in T-Mobile US Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.T-Mobile US Inc makes up approximately 1.33% of Sheets Smith Wealth Management’s portfolio.

Other Hedge Funds, Including , Soroban Capital Partners Lp added TMUS to its portfolio by purchasing 4,121,371 company shares during the most recent quarter which is valued at $193,498,368. T-Mobile US Inc makes up approx 2.61% of Soroban Capital Partners Lp’s portfolio.Nwi Management Lp reduced its stake in TMUS by selling 30,000 shares or 3.41% in the most recent quarter. The Hedge Fund company now holds 850,000 shares of TMUS which is valued at $39,907,500. T-Mobile US Inc makes up approx 3.92% of Nwi Management Lp’s portfolio.Bbt Capital Management reduced its stake in TMUS by selling 161,600 shares or 22.13% in the most recent quarter. The Hedge Fund company now holds 568,787 shares of TMUS which is valued at $26,704,550. T-Mobile US Inc makes up approx 6.93% of Bbt Capital Management’s portfolio.Peak6 Investments boosted its stake in TMUS in the latest quarter, The investment management firm added 13,582 additional shares and now holds a total of 31,075 shares of T-Mobile US Inc which is valued at $1,458,971. T-Mobile US Inc makes up approx 0.09% of Peak6 Investments’s portfolio.Neuberger Berman Group boosted its stake in TMUS in the latest quarter, The investment management firm added 2,865,507 additional shares and now holds a total of 4,515,521 shares of T-Mobile US Inc which is valued at $215,751,593. T-Mobile US Inc makes up approx 0.29% of Neuberger Berman Group’s portfolio.

T-Mobile US Inc closed down -0.09 points or -0.19% at $46.25 with 26,43,490 shares getting traded on Thursday. Post opening the session at $46.41, the shares hit an intraday low of $46.21 and an intraday high of $46.94 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. T-Mobile US Inc was Upgraded by Wells Fargo to ” Outperform” on Aug 29, 2016. 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 .

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