GSA Capital Partners LLP Makes New Investment in Telephone and Data Systems, Inc. (NYSE:TDS)

GSA Capital Partners LLP bought a new stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 56,259 shares of the Wireless communications provider's stock, valued at approximately $1,308,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TDS. Blue Trust Inc. boosted its stake in shares of Telephone and Data Systems by 4,082.9% during the 2nd quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider's stock valued at $36,000 after buying an additional 1,674 shares during the last quarter. Quarry LP acquired a new position in shares of Telephone and Data Systems in the 2nd quarter valued at $40,000. CWM LLC boosted its position in shares of Telephone and Data Systems by 57.0% in the 2nd quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider's stock valued at $82,000 after purchasing an additional 1,430 shares during the period. Neo Ivy Capital Management purchased a new stake in Telephone and Data Systems in the 2nd quarter worth about $88,000. Finally, GAMMA Investing LLC lifted its stake in Telephone and Data Systems by 13.8% in the 2nd quarter. GAMMA Investing LLC now owns 4,812 shares of the Wireless communications provider's stock worth $100,000 after acquiring an additional 585 shares in the last quarter. Institutional investors and hedge funds own 80.00% of the company's stock.

Analysts Set New Price Targets

TDS has been the subject of a number of recent research reports. Raymond James raised Telephone and Data Systems from a "market perform" rating to an "outperform" rating and set a $51.00 price target for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on Telephone and Data Systems from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Monday, November 4th.

Telephone and Data Systems Trading Down 0.0 %

Shares of Telephone and Data Systems stock traded down $0.01 during trading hours on Thursday, hitting $30.85. The company's stock had a trading volume of 196,773 shares, compared to its average volume of 1,103,686. Telephone and Data Systems, Inc. has a 12 month low of $13.69 and a 12 month high of $34.57. The stock has a 50 day moving average of $25.78 and a 200 day moving average of $22.19. The company has a market capitalization of $3.49 billion, a PE ratio of -5.74 and a beta of 0.77. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.19. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.24 billion. During the same period last year, the firm posted ($0.16) earnings per share. The business's revenue was down 4.2% on a year-over-year basis. Analysts predict that Telephone and Data Systems, Inc. will post -0.36 earnings per share for the current year.

Telephone and Data Systems 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.