Reliance Trust Co Of Delaware Lowers stake in T-Mobile US Inc (TMUS)

T-Mobile US Inc (TMUS) : Reliance Trust Co Of Delaware reduced its stake in T-Mobile US Inc by 0.35% during the most recent quarter end. The investment management company now holds a total of 32,470 shares of T-Mobile US Inc which is valued at $1,501,088 after selling 115 shares in T-Mobile US Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.T-Mobile US Inc makes up approximately 0.14% of Reliance Trust Co Of Delaware’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in TMUS in the latest quarter, The investment management firm added 1,396 additional shares and now holds a total of 87,346 shares of T-Mobile US Inc which is valued at $4,038,006. T-Mobile US Inc makes up approx 0.09% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio. Contravisory Investment Management added TMUS to its portfolio by purchasing 27 company shares during the most recent quarter which is valued at $1,246.Advisory Services Network reduced its stake in TMUS by selling 744 shares or 55.98% in the most recent quarter. The Hedge Fund company now holds 585 shares of TMUS which is valued at $26,483. T-Mobile US Inc makes up approx 0.01% of Advisory Services Network’s portfolio.Sadoff Investment Management reduced its stake in TMUS by selling 4,236 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 812,590 shares of TMUS which is valued at $36,785,949. T-Mobile US Inc makes up approx 4.08% of Sadoff Investment Management’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in TMUS in the latest quarter, The investment management firm added 381,872 additional shares and now holds a total of 423,520 shares of T-Mobile US Inc which is valued at $19,509,449. T-Mobile US Inc makes up approx 0.08% of Bnp Paribas Arbitrage Sa’s portfolio.

T-Mobile US Inc opened for trading at $46.05 and hit $47 on the upside on Friday, eventually ending the session at $46.23, with a gain of 0.48% or 0.22 points. The heightened volatility saw the trading volume jump to 22,30,987 shares. Company has a market cap of $38,035 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. 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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