New Age Alpha Advisors LLC Has $634,000 Stock Position in Telephone and Data Systems, Inc. $TDS

New Age Alpha Advisors LLC lifted its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 1,166.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,454 shares of the Wireless communications provider’s stock after acquiring an additional 14,234 shares during the period. New Age Alpha Advisors LLC’s holdings in Telephone and Data Systems were worth $634,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Carronade Capital Management LP lifted its holdings in shares of Telephone and Data Systems by 8.5% during the third quarter. Carronade Capital Management LP now owns 3,680,500 shares of the Wireless communications provider’s stock worth $144,423,000 after buying an additional 288,000 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Telephone and Data Systems by 21.5% in the third quarter. Allianz Asset Management GmbH now owns 456,451 shares of the Wireless communications provider’s stock valued at $17,911,000 after purchasing an additional 80,670 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in Telephone and Data Systems by 244.2% in the third quarter. Segall Bryant & Hamill LLC now owns 45,152 shares of the Wireless communications provider’s stock valued at $1,772,000 after purchasing an additional 32,035 shares in the last quarter. Oaktree Capital Management LP acquired a new position in Telephone and Data Systems in the third quarter valued at about $144,732,000. Finally, SG Americas Securities LLC raised its stake in Telephone and Data Systems by 343.6% in the fourth quarter. SG Americas Securities LLC now owns 39,597 shares of the Wireless communications provider’s stock valued at $1,623,000 after purchasing an additional 30,670 shares in the last quarter. Institutional investors and hedge funds own 80.00% of the company’s stock.

Telephone and Data Systems Stock Down 0.6%

TDS stock opened at $39.24 on Friday. The company has a market cap of $4.46 billion, a PE ratio of 74.03 and a beta of 0.33. The business has a 50-day simple moving average of $43.42 and a 200 day simple moving average of $42.59. Telephone and Data Systems, Inc. has a 52 week low of $32.60 and a 52 week high of $49.12. The company has a quick ratio of 3.42, a current ratio of 3.43 and a debt-to-equity ratio of 0.16.

Telephone and Data Systems (NYSE:TDS) last released its earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.87) by $1.98. Telephone and Data Systems had a return on equity of 5.54% and a net margin of 6.15%.The firm had revenue of $309.45 million for the quarter, compared to analysts’ expectations of $313.28 million. During the same quarter in the previous year, the business posted ($0.09) earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Sell-side analysts anticipate that Telephone and Data Systems, Inc. will post 0.94 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, June 16th. Telephone and Data Systems’s payout ratio is currently 30.19%.

Analyst Ratings Changes

A number of research analysts recently commented on TDS shares. Raymond James Financial downgraded Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research note on Monday, May 11th. Wall Street Zen downgraded Telephone and Data Systems from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. Citigroup boosted their price target on Telephone and Data Systems from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Finally, Weiss Ratings raised Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 24th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $53.33.

Telephone and Data Systems Profile

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.