Y Intercept Hong Kong Ltd Buys 21,152 Shares of Telephone and Data Systems, Inc. $TDS

Y Intercept Hong Kong Ltd increased its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 312.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 27,931 shares of the Wireless communications provider’s stock after purchasing an additional 21,152 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Telephone and Data Systems were worth $1,096,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Axecap Investments LLC bought a new stake in Telephone and Data Systems during the third quarter valued at $2,441,000. First Citizens Bank & Trust Co. increased its stake in Telephone and Data Systems by 198.0% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 23,116 shares of the Wireless communications provider’s stock worth $822,000 after acquiring an additional 15,360 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Telephone and Data Systems by 4.0% in the 2nd quarter. American Century Companies Inc. now owns 3,607,857 shares of the Wireless communications provider’s stock valued at $128,368,000 after acquiring an additional 137,494 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Telephone and Data Systems by 35.4% during the 2nd quarter. Mutual of America Capital Management LLC now owns 254,257 shares of the Wireless communications provider’s stock valued at $9,046,000 after acquiring an additional 66,412 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Telephone and Data Systems by 45.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 36,708 shares of the Wireless communications provider’s stock valued at $1,306,000 after acquiring an additional 11,521 shares during the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Performance

Telephone and Data Systems stock opened at $45.12 on Friday. The firm has a fifty day simple moving average of $40.96 and a two-hundred day simple moving average of $39.51. Telephone and Data Systems, Inc. has a twelve month low of $31.07 and a twelve month high of $45.93. The company has a market capitalization of $5.19 billion, a PE ratio of -41.77 and a beta of 0.32. The company has a quick ratio of 1.88, a current ratio of 1.89 and a debt-to-equity ratio of 0.20.

Telephone and Data Systems (NYSE:TDS) last released its earnings results on Friday, November 7th. The Wireless communications provider reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.13. Telephone and Data Systems had a positive return on equity of 1.15% and a negative net margin of 1.46%.The company had revenue of $308.52 million during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the company posted ($0.73) EPS. Telephone and Data Systems’s revenue for the quarter was down 5.8% on a year-over-year basis. Research analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, December 15th. Telephone and Data Systems’s payout ratio is presently -14.81%.

Wall Street Analysts Forecast Growth

TDS has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Telephone and Data Systems in a research report on Monday, December 29th. Citigroup boosted their price target on shares of Telephone and Data Systems from $45.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Wall Street Zen cut shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, Zacks Research downgraded shares of Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $51.67.

Insider Buying and Selling

In other Telephone and Data Systems news, CAO Anita J. Kroll sold 870 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $39.16, for a total transaction of $34,069.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 14.97% of the stock is owned by corporate insiders.

About Telephone and Data Systems

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.