Palestra Capital Management LLC Has Increased Its Stake in T Mobile Us INC (TMUS) as Stock Price Declined

April 24, 2018 - By Kurt Siggers

Investors sentiment decreased to 1.04 in 2017 Q4. Its down 0.02, from 1.06 in 2017Q3. It turned negative, as 66 investors sold TMUS shares while 159 reduced holdings. 81 funds opened positions while 154 raised stakes. 280.13 million shares or 0.34% more from 279.18 million shares in 2017Q3 were reported. World Asset Mgmt has 0.03% invested in T-Mobile US, Inc. (NASDAQ:TMUS) for 12,971 shares. Moreover, Overbrook Corporation has 5.43% invested in T-Mobile US, Inc. (NASDAQ:TMUS) for 421,697 shares. 90,500 were reported by Zimmer Prtn Ltd Partnership. Citigroup Inc accumulated 97,642 shares. Parkside Bankshares & reported 80 shares. Swarthmore Gru invested in 149,350 shares. Ameriprise Fin holds 516,938 shares. 180 are held by Benjamin F Edwards. Dorsal Capital Mgmt Limited Liability Company holds 600,000 shares or 1.88% of its portfolio. 460,762 are owned by Robeco Institutional Asset Bv. Primecap Ca reported 0.02% stake. Majedie Asset Mgmt Ltd holds 0.44% or 82,329 shares in its portfolio. 3.35M were reported by Maverick Limited. Guardian Cap Lp has 0.01% invested in T-Mobile US, Inc. (NASDAQ:TMUS) for 5,490 shares. Amundi Pioneer Asset Mngmt reported 224,700 shares stake.

Since February 14, 2018, it had 1 buy, and 0 insider sales for $17.34 million activity.

Andrew Immerman increased its stake in T Mobile Us Inc (TMUS) by 82.91% based on its latest 2017Q4 regulatory filing with the SEC. Palestra Capital Management Llc bought 803,300 shares as the company’s stock declined 5.16% with the market. The hedge fund run by Andrew Immerman held 1.77 million shares of the public utilities company at the end of 2017Q4, valued at $112.55 million, up from 968,884 at the end of the previous reported quarter. Palestra Capital Management Llc who had been investing in T Mobile Us Inc for a number of months, seems to be bullish on the $53.25 billion market cap company. The stock increased 0.05% or $0.03 during the last trading session, reaching $62.32. About 1.46 million shares traded. T-Mobile US, Inc. (NYSE:TMUS) has declined 6.04% since April 24, 2017 and is downtrending. It has underperformed by 17.59% the S&P500.

Palestra Capital Management Llc, which manages about $755.46M and $1.78B US Long portfolio, decreased its stake in Vantiv Inc (NYSE:VNTV) by 175,000 shares to 885,900 shares, valued at $65.16M in 2017Q4, according to the filing. It also reduced its holding in Ptc Inc (NASDAQ:PTC) by 161,571 shares in the quarter, leaving it with 1.38 million shares, and cut its stake in Hilton Worldwide Hldgs Inc.

T-Mobile US, Inc. (NASDAQ:TMUS) Ratings Coverage

Among 17 analysts covering T Mobile US (NYSE:TMUS), 15 have Buy rating, 1 Sell and 1 Hold. Therefore 88% are positive. T Mobile US had 20 analyst reports since October 31, 2017 according to SRatingsIntel. SunTrust maintained T-Mobile US, Inc. (NASDAQ:TMUS) on Friday, November 17 with “Buy” rating. Raymond James upgraded T-Mobile US, Inc. (NASDAQ:TMUS) on Friday, February 9 to “Strong Buy” rating. On Monday, November 27 the stock rating was upgraded by Moffett Nathanson to “Buy”. The firm earned “Buy” rating on Tuesday, October 31 by Goldman Sachs. Macquarie Research upgraded T-Mobile US, Inc. (NASDAQ:TMUS) on Friday, December 15 to “Outperform” rating. Bank of America maintained T-Mobile US, Inc. (NASDAQ:TMUS) on Friday, February 9 with “Underperform” rating. The firm earned “Buy” rating on Thursday, February 8 by William Blair. The rating was maintained by RBC Capital Markets with “Buy” on Monday, November 6. Barclays Capital maintained it with “Buy” rating and $7400 target in Monday, April 9 report. The firm has “Buy” rating given on Tuesday, November 7 by Jefferies.

T-Mobile US, Inc. (NASDAQ:TMUS) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.