Quantbot Technologies LP Has $1.44 Million Stake in Telephone and Data Systems, Inc. $TDS

Quantbot Technologies LP reduced its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 67.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,675 shares of the Wireless communications provider’s stock after selling 76,894 shares during the quarter. Quantbot Technologies LP’s holdings in Telephone and Data Systems were worth $1,439,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TDS. Bessemer Group Inc. lifted its position in Telephone and Data Systems by 65.6% in the 3rd quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 277 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Telephone and Data Systems by 121.3% in the third quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider’s stock worth $31,000 after acquiring an additional 455 shares during the last quarter. Assetmark Inc. increased its stake in shares of Telephone and Data Systems by 53.1% in the second quarter. Assetmark Inc. now owns 1,297 shares of the Wireless communications provider’s stock worth $46,000 after acquiring an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Telephone and Data Systems by 191.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the Wireless communications provider’s stock worth $47,000 after acquiring an additional 861 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its stake in shares of Telephone and Data Systems by 48.4% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,402 shares of the Wireless communications provider’s stock worth $94,000 after purchasing an additional 783 shares in the last quarter. 80.00% of the stock is owned by hedge funds and other institutional investors.

Telephone and Data Systems Trading Up 0.1%

NYSE TDS opened at $45.15 on Friday. Telephone and Data Systems, Inc. has a 12 month low of $31.07 and a 12 month high of $47.79. The stock has a 50-day simple moving average of $44.10 and a 200 day simple moving average of $40.68. The company has a current ratio of 2.10, a quick ratio of 2.09 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $5.19 billion, a PE ratio of -69.46 and a beta of 0.34.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings results on Friday, February 20th. The Wireless communications provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.23. Telephone and Data Systems had a negative net margin of 0.21% and a positive return on equity of 2.25%. The company had revenue of $330.71 million for the quarter, compared to analysts’ expectations of $319.28 million. During the same period last year, the firm posted ($0.10) earnings per share. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. Research analysts forecast that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, March 16th. Telephone and Data Systems’s dividend payout ratio is currently -24.62%.

Analysts Set New Price Targets

A number of analysts have weighed in on TDS shares. Zacks Research cut Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Citigroup increased their price target on shares of Telephone and Data Systems from $51.00 to $56.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Wall Street Zen lowered Telephone and Data Systems from a “hold” rating to a “sell” rating in a report on Sunday, March 1st. Finally, Weiss Ratings upgraded shares of Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.33.

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.