Jeffrey Altman’s Owl Creek Asset Management is Buying These 5 Stocks

4. T-Mobile US Inc. (NASDAQ:TMUS)

Owl Creek’s Stake Value: $112,659,000

Percentage of Owl Creek’s 13F Portfolio: 5.17%

Number of Hedge Fund Holders: 100

T-Mobile US Inc. is placed at number 4 in the list of the 10 stocks Owl Creek Asset Management is buying.

On September 20, analyst Stephan Bisson from Loop Capital gave T-Mobile a Buy rating and a price target of $160.

In ClearBridge Investments’ investor letter of Q1 2021, T-Mobile US was mentioned. Here is what the letter said:

“The portfolio’s quality bias and valuation discipline have generated compelling returns over time with typically strong relative results in more challenging environments as it did through the first three quarters of 2020. However, that same quality bias tends to create a more challenging relative performance environment for the Strategy during periods of sharp economic acceleration, which tend to benefit stocks that are more commodity linked or of lower quality. This has been the case during the vaccine- and stimulus-driven rally experienced late last year and during the most recent quarter. Sectors that lagged in the quarter included communication services, where T-Mobile trailed after generating robust returns earlier in the recovery.”