CenterBook Partners LP Sells 131,459 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

CenterBook Partners LP lowered its position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 31.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 293,143 shares of the Wireless communications provider's stock after selling 131,459 shares during the period. CenterBook Partners LP owned 0.26% of Telephone and Data Systems worth $9,999,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc grew its stake in Telephone and Data Systems by 14.5% during the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider's stock worth $82,000 after purchasing an additional 303 shares during the period. GAMMA Investing LLC increased its stake in shares of Telephone and Data Systems by 8.3% in the 4th quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider's stock valued at $196,000 after acquiring an additional 440 shares in the last quarter. Quarry LP lifted its position in shares of Telephone and Data Systems by 35.5% during 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 period. Farther Finance Advisors LLC boosted its stake in Telephone and Data Systems by 74.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock worth $92,000 after acquiring an additional 1,156 shares in the last quarter. Finally, Independence Bank of Kentucky bought a new position in shares of Telephone and Data Systems during the 4th quarter worth about $41,000. 80.00% of the stock is owned by institutional investors.

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Telephone and Data Systems Stock Up 1.6 %

TDS traded up $0.58 during trading on Monday, hitting $36.25. 128,063 shares of the company's stock were exchanged, compared to its average volume of 1,083,841. Telephone and Data Systems, Inc. has a fifty-two week low of $14.04 and a fifty-two week high of $41.21. The stock has a market cap of $4.13 billion, a P/E ratio of -6.71 and a beta of 0.62. The business's 50 day moving average is $36.68 and its two-hundred day moving average is $33.35. 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 (NYSE:TDS - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.32) by $0.23. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. As a group, equities analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, March 17th. This represents a $0.16 annualized dividend and a yield of 0.44%. Telephone and Data Systems's dividend payout ratio (DPR) is currently -18.60%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their price target on Telephone and Data Systems from $53.00 to $56.00 and gave the stock an "overweight" rating in a report on Monday, February 24th.

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.