Boothbay Fund Management LLC Has $5.16 Million Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Boothbay Fund Management LLC increased its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 13.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 151,133 shares of the Wireless communications provider's stock after purchasing an additional 17,877 shares during the period. Boothbay Fund Management LLC owned approximately 0.13% of Telephone and Data Systems worth $5,155,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in Telephone and Data Systems by 14.5% during the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider's stock worth $82,000 after acquiring an additional 303 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Telephone and Data Systems by 8.3% during the fourth quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider's stock worth $196,000 after purchasing an additional 440 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of Telephone and Data Systems by 4.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,319 shares of the Wireless communications provider's stock valued at $352,000 after acquiring an additional 482 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Telephone and Data Systems by 1.6% during the fourth quarter. Voya Investment Management LLC now owns 52,577 shares of the Wireless communications provider's stock worth $1,793,000 after purchasing an additional 808 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Telephone and Data Systems by 74.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock valued at $92,000 after acquiring an additional 1,156 shares during the period. 80.00% of the stock is currently owned by institutional investors.

Telephone and Data Systems Stock Down 0.3 %

NYSE TDS traded down $0.12 during trading hours on Wednesday, hitting $37.49. The company had a trading volume of 808,875 shares, compared to its average volume of 1,090,717. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. The firm's 50 day moving average is $36.21 and its 200 day moving average is $34.38. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of -6.94 and a beta of 0.62. Telephone and Data Systems, Inc. has a fifty-two week low of $14.04 and a fifty-two week high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.23. The company had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.23 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. Sell-side analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.43%. The ex-dividend date was Monday, March 17th. Telephone and Data Systems's payout ratio is currently -18.60%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their target price on Telephone and Data Systems from $53.00 to $56.00 and gave the company an "overweight" rating in a report 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.