Telephone and Data Systems, Inc. (NYSE:TDS) Shares Sold by 272 Capital LP

272 Capital LP trimmed its holdings in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 25.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,862 shares of the Wireless communications provider's stock after selling 30,274 shares during the quarter. 272 Capital LP owned approximately 0.08% of Telephone and Data Systems worth $2,020,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Telephone and Data Systems by 10.2% in the 3rd quarter. GAMMA Investing LLC now owns 5,302 shares of the Wireless communications provider's stock valued at $123,000 after buying an additional 490 shares during the period. Victory Capital Management Inc. grew its position in Telephone and Data Systems by 1.4% during the second quarter. Victory Capital Management Inc. now owns 41,514 shares of the Wireless communications provider's stock worth $861,000 after buying an additional 554 shares during the period. Nisa Investment Advisors LLC increased its holdings in Telephone and Data Systems by 14.0% in the second quarter. Nisa Investment Advisors LLC now owns 5,146 shares of the Wireless communications provider's stock valued at $107,000 after buying an additional 630 shares in the last quarter. Aigen Investment Management LP raised its holdings in Telephone and Data Systems by 5.3% during the third quarter. Aigen Investment Management LP now owns 13,589 shares of the Wireless communications provider's stock worth $316,000 after purchasing an additional 685 shares during the last quarter. Finally, Quarry LP grew its stake in Telephone and Data Systems by 35.5% in the 3rd quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider's stock valued at $61,000 after acquiring an additional 692 shares during the last quarter. Hedge funds and other institutional investors own 80.00% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Raymond James upgraded Telephone and Data Systems from a "market perform" rating to an "outperform" rating and set a $51.00 price objective on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on Telephone and Data Systems from $39.00 to $40.00 and gave the company an "overweight" rating in a report on Monday, November 4th.

Telephone and Data Systems Trading Up 0.9 %

Shares of TDS stock traded up $0.33 during trading hours on Friday, hitting $35.22. 713,214 shares of the company were exchanged, compared to its average volume of 1,085,748. The firm has a fifty day moving average of $30.02 and a 200 day moving average of $24.38. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. Telephone and Data Systems, Inc. has a 1 year low of $13.69 and a 1 year high of $35.39. The firm has a market cap of $3.98 billion, a PE ratio of -6.49 and a beta of 0.81.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.18) by $0.19. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the firm posted ($0.16) earnings per share. Telephone and Data Systems's revenue was down 4.2% on a year-over-year basis. Analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Monday, December 16th. Telephone and Data Systems's dividend payout ratio is currently -2.96%.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.