Palestra Capital Management Trimmed By $14.79 Million Its T Mobile Us (TMUS) Holding; Mainstay Definedterm Municipal O (MMD) SI Increased By 767.31%

February 17, 2018 - By Darrin Black

Mainstay Definedterm Municipal O (NYSE:MMD) had an increase of 767.31% in short interest. MMD’s SI was 90,200 shares in February as released by FINRA. Its up 767.31% from 10,400 shares previously. With 75,200 avg volume, 1 days are for Mainstay Definedterm Municipal O (NYSE:MMD)’s short sellers to cover MMD’s short positions. It closed at $19.07 lastly. It is down 0.25% since February 17, 2017 and is downtrending. It has underperformed by 16.95% the S&P500.

Palestra Capital Management Llc decreased T Mobile Us Inc (TMUS) stake by 20.01% reported in 2017Q3 SEC filing. Palestra Capital Management Llc sold 242,416 shares as T Mobile Us Inc (TMUS)’s stock rose 3.83%. The Palestra Capital Management Llc holds 968,884 shares with $59.74M value, down from 1.21M last quarter. T Mobile Us Inc now has $51.32B valuation. The stock decreased 0.63% or $0.38 during the last trading session, reaching $60.06. About 4.81M shares traded or 15.88% up from the average. T-Mobile US, Inc. (NYSE:TMUS) has risen 62.63% since February 17, 2017 and is uptrending. It has outperformed by 45.93% the S&P500.

Investors sentiment decreased to 1.17 in 2017 Q3. Its down 0.73, from 1.9 in 2017Q2. It fall, as 3 investors sold MainStay DefinedTerm Municipal Opportunities Fund shares while 9 reduced holdings. 3 funds opened positions while 11 raised stakes. 3.61 million shares or 1.77% more from 3.55 million shares in 2017Q2 were reported. Morgan Stanley owns 537,027 shares. Guggenheim Capital Lc, Illinois-based fund reported 360,102 shares. Usca Ria Ltd Liability Corp holds 73,206 shares or 0.19% of its portfolio. Stifel Financial stated it has 13,330 shares or 0% of all its holdings. Sei reported 667 shares. Bank & Trust Of America Corporation De holds 0% in MainStay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) or 918,542 shares. Moreover, Janney Montgomery Scott Ltd Liability Co has 0.01% invested in MainStay DefinedTerm Municipal Opportunities Fund (NYSE:MMD). First Limited Partnership holds 58,313 shares. Next Gp owns 434 shares or 0% of their US portfolio. Royal Bancorporation Of Canada owns 81,414 shares for 0% of their portfolio. Pnc Fincl Gp has 8,650 shares. Northwestern Mutual Wealth holds 42,709 shares. Spectrum Group Inc Inc Inc reported 0.05% stake. Invesco Limited owns 198,847 shares for 0% of their portfolio. Advisory Services owns 0.06% invested in MainStay DefinedTerm Municipal Opportunities Fund (NYSE:MMD) for 28,000 shares.

Palestra Capital Management Llc increased Hilton Worldwide Hldgs Inc stake by 51,500 shares to 1.15M valued at $79.97 million in 2017Q3. It also upped Mohawk Inds Inc (NYSE:MHK) stake by 32,070 shares and now owns 351,686 shares. Alphabet Inc was raised too.

Among 32 analysts covering T-Mobile US (NYSE:TMUS), 26 have Buy rating, 1 Sell and 5 Hold. Therefore 81% are positive. T-Mobile US had 76 analyst reports since August 3, 2015 according to SRatingsIntel. On Monday, October 23 the stock rating was maintained by Cowen & Co with “Buy”. The stock has “Outperform” rating by Wells Fargo on Monday, August 29. UBS maintained T-Mobile US, Inc. (NASDAQ:TMUS) rating on Monday, November 6. UBS has “Buy” rating and $70 target. The rating was initiated by Nomura with “Buy” on Friday, October 16. The stock of T-Mobile US, Inc. (NASDAQ:TMUS) earned “Positive” rating by Pacific Crest on Wednesday, August 19. On Friday, July 14 the stock rating was maintained by Deutsche Bank with “Hold”. The firm earned “Buy” rating on Thursday, January 18 by Cowen & Co. Cowen & Co maintained the stock with “Buy” rating in Tuesday, October 17 report. The stock has “Buy” rating by BTIG Research on Wednesday, October 18. KeyBanc Capital Markets maintained T-Mobile US, Inc. (NASDAQ:TMUS) rating on Wednesday, October 11. KeyBanc Capital Markets has “Buy” rating and $72.0 target.

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