Y Intercept Hong Kong Ltd Has $310,000 Stake in Telephone and Data Systems, Inc. (NYSE:TDS)

Y Intercept Hong Kong Ltd decreased its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 49.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,076 shares of the Wireless communications provider's stock after selling 8,741 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Telephone and Data Systems were worth $310,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TDS. Silver Point Capital L.P. bought a new position in Telephone and Data Systems in the third quarter valued at about $29,062,000. Loomis Sayles & Co. L P raised its holdings in Telephone and Data Systems by 35.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 523,150 shares of the Wireless communications provider's stock valued at $12,163,000 after buying an additional 136,419 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Telephone and Data Systems by 66.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 284,906 shares of the Wireless communications provider's stock valued at $6,624,000 after buying an additional 113,862 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Telephone and Data Systems by 7.6% during the 3rd 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 during the period. Finally, Point72 Asset Management L.P. grew its holdings in Telephone and Data Systems by 26.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 470,018 shares of the Wireless communications provider's stock worth $10,928,000 after acquiring an additional 99,520 shares during the last quarter. Institutional investors own 80.00% of the company's stock.

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Telephone and Data Systems Trading Up 0.6 %

TDS stock traded up $0.22 during trading on Friday, hitting $34.86. The company had a trading volume of 355,239 shares, compared to its average volume of 1,005,640. The stock has a market cap of $3.97 billion, a PE ratio of -6.46 and a beta of 0.80. The business has a 50-day moving average of $35.86 and a 200-day moving average of $30.68. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. Telephone and Data Systems, Inc. has a one year low of $14.04 and a one year high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) EPS for the quarter, beating 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 company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Research analysts predict 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, March 17th. Telephone and Data Systems's dividend payout ratio (DPR) is presently -18.60%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Raymond James raised shares of 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. raised their target price on Telephone and Data Systems from $53.00 to $56.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th.

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.