Algert Global LLC Has $5.72 Million Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Algert Global LLC raised its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 11.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 246,086 shares of the Wireless communications provider's stock after purchasing an additional 25,941 shares during the quarter. Algert Global LLC owned about 0.22% of Telephone and Data Systems worth $5,721,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in Telephone and Data Systems by 9.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,018,541 shares of the Wireless communications provider's stock worth $124,761,000 after purchasing an additional 507,512 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Telephone and Data Systems by 34.0% in the 2nd quarter. Millennium Management LLC now owns 1,950,298 shares of the Wireless communications provider's stock valued at $40,430,000 after purchasing an additional 495,189 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Telephone and Data Systems in the second quarter worth approximately $7,680,000. Vanguard Group Inc. boosted its stake in shares of Telephone and Data Systems by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 12,569,591 shares of the Wireless communications provider's stock valued at $201,365,000 after buying an additional 320,976 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Telephone and Data Systems by 8.4% during the 2nd quarter. American Century Companies Inc. now owns 2,655,980 shares of the Wireless communications provider's stock valued at $55,058,000 after acquiring an additional 206,819 shares in the last quarter. 80.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TDS shares. Raymond James raised Telephone and Data Systems from a "market perform" rating to an "outperform" rating and set a $51.00 price objective for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased 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 Stock Performance

Shares of TDS traded up $1.04 during trading hours on Friday, reaching $34.04. 1,239,726 shares of the company traded hands, compared to its average volume of 1,200,481. Telephone and Data Systems, Inc. has a 1-year low of $13.69 and a 1-year high of $34.57. The stock has a market cap of $3.85 billion, a P/E ratio of -6.30 and a beta of 0.77. The stock's fifty day moving average is $27.03 and its 200 day moving average is $22.99. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59.

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

About Telephone and Data Systems

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.