Hudson Bay Capital Management LP Invests $10.23 Million in Telephone and Data Systems, Inc. (NYSE:TDS)

Hudson Bay Capital Management LP acquired a new stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 300,000 shares of the Wireless communications provider's stock, valued at approximately $10,233,000. Hudson Bay Capital Management LP owned approximately 0.27% of Telephone and Data Systems as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TDS. Crossmark Global Holdings Inc. acquired a new position in shares of Telephone and Data Systems in the 4th quarter valued at $246,000. Norges Bank purchased a new stake in Telephone and Data Systems in the 4th quarter valued at $23,776,000. Consolidated Planning Corp raised its position in Telephone and Data Systems by 35.4% in the 4th quarter. Consolidated Planning Corp now owns 38,516 shares of the Wireless communications provider's stock valued at $1,314,000 after purchasing an additional 10,063 shares during the last quarter. Savant Capital LLC purchased a new stake in Telephone and Data Systems in the 4th quarter valued at $203,000. Finally, Proficio Capital Partners LLC purchased a new position in Telephone and Data Systems during the 4th quarter worth $2,422,000. Institutional investors and hedge funds own 80.00% of the company's stock.

Telephone and Data Systems Stock Performance

Telephone and Data Systems stock traded up $0.55 during mid-day trading on Friday, reaching $34.95. The company's stock had a trading volume of 740,880 shares, compared to its average volume of 1,053,094. Telephone and Data Systems, Inc. has a twelve month low of $16.64 and a twelve month high of $41.21. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of -6.47 and a beta of 0.57. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average price of $35.98 and a 200-day moving average price of $35.01.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.18 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The company's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 EPS. Sell-side analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.46%. Telephone and Data Systems's payout ratio is -15.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Raymond James reaffirmed an "outperform" rating and set a $47.00 price target (down from $51.00) on shares of Telephone and Data Systems in a research note on Monday, May 5th. JPMorgan Chase & Co. raised their price target on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the stock an "overweight" rating in a research note 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.