Meru Capital Group Lp adds T-Mobile US Inc (TMUS) to its portfolio

T-Mobile US Inc (TMUS) : Meru Capital Group Lp added new position in T-Mobile US Inc during the most recent quarter end. The investment management firm now holds 384,868 shares of T-Mobile US Inc which is valued at $18,069,553 , the company said in a statement filed on Aug 12, 2016 with the SEC.T-Mobile US Inc makes up approximately 5.80% of Meru Capital Group Lp’s portfolio.

Other Hedge Funds, Including , Hsbc Holdings Plc reduced its stake in TMUS by selling 20,135 shares or 20.28% in the most recent quarter. The Hedge Fund company now holds 79,144 shares of TMUS which is valued at $3,715,811. T-Mobile US Inc makes up approx 0.01% of Hsbc Holdings Plc’s portfolio.Blackrock Investment Management boosted its stake in TMUS in the latest quarter, The investment management firm added 41,347 additional shares and now holds a total of 95,126 shares of T-Mobile US Inc which is valued at $4,466,166. T-Mobile US Inc makes up approx 0.01% of Blackrock Investment 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.Rafferty Asset Management reduced its stake in TMUS by selling 7,017 shares or 33.27% in the most recent quarter. The Hedge Fund company now holds 14,072 shares of TMUS which is valued at $658,992. T-Mobile US Inc makes up approx 0.04% of Rafferty Asset Management’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in TMUS by selling 7,956 shares or 39.58% in the most recent quarter. The Hedge Fund company now holds 12,144 shares of TMUS which is valued at $573,318. T-Mobile US Inc makes up approx 0.01% of Oregon Public Employees Retirement Fund’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 .

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *