AlphaCrest Capital Management LLC raised its position in Telephone & Data Systems, Inc. (NYSE:TDS) by 32.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 14,001 shares of the Wireless communications provider’s stock after acquiring an additional 3,401 shares during the period. AlphaCrest Capital Management LLC’s holdings in Telephone & Data Systems were worth $430,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TDS. Norges Bank bought a new stake in Telephone & Data Systems in the 4th quarter valued at approximately $49,870,000. Acadian Asset Management LLC lifted its stake in Telephone & Data Systems by 102.0% in the 4th quarter. Acadian Asset Management LLC now owns 2,562,006 shares of the Wireless communications provider’s stock valued at $83,364,000 after acquiring an additional 1,293,815 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Telephone & Data Systems by 3,122.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,181,853 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 1,145,175 shares in the last quarter. WINTON GROUP Ltd lifted its stake in Telephone & Data Systems by 3,656.8% in the 4th quarter. WINTON GROUP Ltd now owns 1,006,891 shares of the Wireless communications provider’s stock valued at $32,764,000 after acquiring an additional 980,089 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Telephone & Data Systems by 339.3% in the 4th quarter. Deutsche Bank AG now owns 738,265 shares of the Wireless communications provider’s stock valued at $24,020,000 after acquiring an additional 570,216 shares in the last quarter. Hedge funds and other institutional investors own 80.91% of the company’s stock.

In other news, Director Mitchell H. Saranow sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $31.75, for a total transaction of $127,000.00. Following the sale, the director now owns 15,074 shares in the company, valued at approximately $478,599.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Clarence A. Davis sold 2,410 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $30.18, for a total value of $72,733.80. Following the sale, the director now owns 9,500 shares in the company, valued at approximately $286,710. The disclosure for this sale can be found here. In the last quarter, insiders have sold 62,277 shares of company stock worth $1,990,275. Company insiders own 14.33% of the company’s stock.

Several equities research analysts have commented on TDS shares. ValuEngine cut Telephone & Data Systems from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th. Zacks Investment Research cut Telephone & Data Systems from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Finally, TheStreet cut Telephone & Data Systems from a “b-” rating to a “c+” rating in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $38.20.

NYSE TDS opened at $29.71 on Thursday. Telephone & Data Systems, Inc. has a 52 week low of $24.00 and a 52 week high of $37.29. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 25.39 and a beta of 1.03. The company has a current ratio of 2.42, a quick ratio of 2.25 and a debt-to-equity ratio of 0.62.

Telephone & Data Systems (NYSE:TDS) last announced its quarterly earnings data on Thursday, May 2nd. The Wireless communications provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.14. Telephone & Data Systems had a return on equity of 2.92% and a net margin of 3.00%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the business posted $0.34 EPS. The business’s revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts expect that Telephone & Data Systems, Inc. will post 1.03 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, June 13th. Telephone & Data Systems’s dividend payout ratio is currently 56.41%.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/telephone-data-systems-inc-nysetds-shares-bought-by-alphacrest-capital-management-llc/3039950.html.

About Telephone & Data Systems

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.

Further Reading: Should You Consider an Index Fund?

Want to see what other hedge funds are holding TDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Telephone & Data Systems, Inc. (NYSE:TDS).

Institutional Ownership by Quarter for Telephone & Data Systems (NYSE:TDS)

Receive News & Ratings for Telephone & Data Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telephone & Data Systems and related companies with MarketBeat.com's FREE daily email newsletter.