Quantbot Technologies LP Takes Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Quantbot Technologies LP purchased a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,518 shares of the Wireless communications provider's stock, valued at approximately $325,000.

Several other hedge funds have also bought and sold shares of TDS. Charles Schwab Investment Management Inc. boosted its holdings in Telephone and Data Systems by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,463,863 shares of the Wireless communications provider's stock worth $34,035,000 after buying an additional 103,114 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Telephone and Data Systems by 19.3% during the 3rd quarter. Cerity Partners LLC now owns 20,078 shares of the Wireless communications provider's stock worth $467,000 after acquiring an additional 3,255 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Telephone and Data Systems by 7.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 54,845 shares of the Wireless communications provider's stock worth $1,275,000 after acquiring an additional 3,824 shares in the last quarter. FMR LLC grew its position in shares of Telephone and Data Systems by 0.3% during the 3rd quarter. FMR LLC now owns 1,152,579 shares of the Wireless communications provider's stock valued at $26,797,000 after acquiring an additional 3,002 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Telephone and Data Systems in the 3rd quarter valued at about $1,574,000. Hedge funds and other institutional investors own 80.00% of the company's stock.

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Analyst Ratings Changes

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

Telephone and Data Systems Price Performance

Shares of NYSE:TDS traded up $0.13 during trading on Tuesday, reaching $38.87. The stock had a trading volume of 346,117 shares, compared to its average volume of 1,069,014. The business has a fifty day moving average price of $36.54 and a 200-day moving average price of $32.41. Telephone and Data Systems, Inc. has a 1-year low of $14.04 and a 1-year high of $41.21. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The stock has a market cap of $4.43 billion, a PE ratio of -7.20 and a beta of 0.75.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.32) by $0.23. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. On average, equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a yield of 0.41%. Telephone and Data Systems's payout ratio is -18.60%.

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.