Jericho Capital Asset Management Lowers stake in T-Mobile US Inc (TMUS)

T-Mobile US Inc (TMUS) : Jericho Capital Asset Management reduced its stake in T-Mobile US Inc by 50.73% during the most recent quarter end. The investment management company now holds a total of 1,593,047 shares of T-Mobile US Inc which is valued at $84,304,047 after selling 1,640,575 shares in T-Mobile US Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.T-Mobile US Inc makes up approximately 4.41% of Jericho Capital Asset Management’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates reduced its stake in TMUS by selling 2,523 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 391,095 shares of TMUS which is valued at $20,696,747. T-Mobile US Inc makes up approx 0.03% of Parametric Portfolio Associates’s portfolio.Dekabank Deutsche Girozentrale boosted its stake in TMUS in the latest quarter, The investment management firm added 41,195 additional shares and now holds a total of 470,449 shares of T-Mobile US Inc which is valued at $23,687,107. T-Mobile US Inc makes up approx 0.26% of Dekabank Deutsche Girozentrale’s portfolio.Teacher Retirement System Of Texas reduced its stake in TMUS by selling 9,421 shares or 2.76% in the most recent quarter. The Hedge Fund company now holds 332,282 shares of TMUS which is valued at $16,398,117. T-Mobile US Inc makes up approx 0.12% of Teacher Retirement System Of Texas’s portfolio.Td Asset Management Inc reduced its stake in TMUS by selling 79,974 shares or 12.22% in the most recent quarter. The Hedge Fund company now holds 574,637 shares of TMUS which is valued at $28,260,648. T-Mobile US Inc makes up approx 0.05% of Td Asset Management Inc’s portfolio.

T-Mobile US Inc opened for trading at $53.13 and hit $53.75 on the upside on Monday, eventually ending the session at $53.59, with a gain of 0.37% or 0.2 points. The heightened volatility saw the trading volume jump to 17,68,395 shares. Company has a market cap of $44,159 M.

On the company’s financial health, T-Mobile US Inc reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 24, 2016. Analyst had a consensus of $0.22. The company had revenue of $9246.00 million for the quarter, compared to analysts expectations of $9453.17 million. The company’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

Many Wall Street Analysts have commented on T-Mobile US Inc. Company shares were Reiterated by FBR & Co. on Oct 25, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 54 from a previous price target of $48 .T-Mobile US Inc was Upgraded by Wells Fargo to ” Outperform” on Aug 29, 2016.

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