Cavalry Management Group buys $6,661,266 stake in T-Mobile US Inc (TMUS)

T-Mobile US Inc (TMUS) : Cavalry Management Group scooped up 34,340 additional shares in T-Mobile US Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 141,880 shares of T-Mobile US Inc which is valued at $6,661,266.T-Mobile US Inc makes up approximately 6.59% of Cavalry Management Group’s portfolio.

Other Hedge Funds, Including , Vident Investment Advisory reduced its stake in TMUS by selling 57,108 shares or 49.77% in the most recent quarter. The Hedge Fund company now holds 57,638 shares of TMUS which is valued at $2,706,104. T-Mobile US Inc makes up approx 0.36% of Vident Investment Advisory’s portfolio.Proficio Capital Partners boosted its stake in TMUS in the latest quarter, The investment management firm added 1,233 additional shares and now holds a total of 1,300 shares of T-Mobile US Inc which is valued at $60,242. T-Mobile US Inc makes up approx 0.04% of Proficio Capital Partners’s portfolio.Clarivest Asset Management reduced its stake in TMUS by selling 7,700 shares or 34.53% in the most recent quarter. The Hedge Fund company now holds 14,600 shares of TMUS which is valued at $676,564. T-Mobile US Inc makes up approx 0.02% of Clarivest Asset Management’s portfolio.Calamos Wealth Management boosted its stake in TMUS in the latest quarter, The investment management firm added 12,613 additional shares and now holds a total of 53,401 shares of T-Mobile US Inc which is valued at $2,437,222. T-Mobile US Inc makes up approx 0.47% of Calamos Wealth Management’s portfolio. Parkwood added TMUS to its portfolio by purchasing 77,096 company shares during the most recent quarter which is valued at $3,503,242. T-Mobile US Inc makes up approx 0.57% of Parkwood’s portfolio.

T-Mobile US Inc opened for trading at $46.64 and hit $47.18 on the upside on Monday, eventually ending the session at $46.73, with a gain of 1.68% or 0.77 points. The heightened volatility saw the trading volume jump to 26,13,159 shares. Company has a market cap of $38,447 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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