Jericho Capital Asset Management adds T-Mobile US Inc (TMUS) to its portfolio

T-Mobile US Inc (TMUS) : Jericho Capital Asset Management added new position in T-Mobile US Inc during the most recent quarter end. The investment management firm now holds 1,879,000 shares of T-Mobile US Inc which is valued at $88,219,050 , the company said in a statement filed on Aug 15, 2016 with the SEC.T-Mobile US Inc makes up approximately 4.71% of Jericho Capital Asset Management’s portfolio.

Other Hedge Funds, Including , Pineview Asset Management Lp sold out all of its stake in TMUS during the most recent quarter. The investment firm sold 112,855 shares of TMUS which is valued $5,298,542. Visium Asset Management Lp sold out all of its stake in TMUS during the most recent quarter. The investment firm sold 471,662 shares of TMUS which is valued $22,144,531.Parametric Portfolio Associates reduced its stake in TMUS by selling 17,856 shares or 4.34% in the most recent quarter. The Hedge Fund company now holds 393,618 shares of TMUS which is valued at $18,480,365. T-Mobile US Inc makes up approx 0.03% of Parametric Portfolio Associates’s portfolio.Global X Management Co boosted its stake in TMUS in the latest quarter, The investment management firm added 2,098 additional shares and now holds a total of 3,773 shares of T-Mobile US Inc which is valued at $176,690. T-Mobile US Inc makes up approx 0.01% of Global X Management Co’s portfolio.Carmignac Gestion boosted its stake in TMUS in the latest quarter, The investment management firm added 50,700 additional shares and now holds a total of 5,215,074 shares of T-Mobile US Inc which is valued at $238,015,977. T-Mobile US Inc makes up approx 1.94% of Carmignac Gestion’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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