GAMMA Investing LLC Has $9.37 Million Stake in Telephone and Data Systems, Inc. (NYSE:TDS)

GAMMA Investing LLC grew its position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 4,112.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 241,854 shares of the Wireless communications provider's stock after purchasing an additional 236,112 shares during the period. GAMMA Investing LLC owned approximately 0.21% of Telephone and Data Systems worth $9,369,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Federated Hermes Inc. bought a new stake in shares of Telephone and Data Systems in the fourth quarter valued at about $56,000. SBI Securities Co. Ltd. bought a new stake in Telephone and Data Systems during the fourth quarter worth about $74,000. Farther Finance Advisors LLC raised its holdings in Telephone and Data Systems by 74.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock worth $92,000 after acquiring an additional 1,156 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Telephone and Data Systems by 139.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,749 shares of the Wireless communications provider's stock worth $128,000 after acquiring an additional 2,186 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in Telephone and Data Systems by 85.6% during the fourth quarter. Lazard Asset Management LLC now owns 4,092 shares of the Wireless communications provider's stock worth $139,000 after acquiring an additional 1,887 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors.

Telephone and Data Systems Stock Performance

NYSE TDS traded down $1.28 during trading on Wednesday, reaching $34.10. 653,822 shares of the company's stock were exchanged, compared to its average volume of 998,583. The business has a 50 day moving average price of $35.07 and a 200-day moving average price of $35.40. The stock has a market capitalization of $3.89 billion, a P/E ratio of -6.31 and a beta of 0.52. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. Telephone and Data Systems, Inc. has a fifty-two week low of $17.90 and a fifty-two week high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced 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 business had revenue of $1.15 billion for the quarter, compared to analyst estimates 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%. Telephone and Data Systems's quarterly revenue was down 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.10 EPS. Sell-side analysts forecast 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 company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, June 16th. Telephone and Data Systems's payout ratio is -15.24%.

Analysts Set New Price Targets

Several research firms recently issued reports on TDS. Raymond James reiterated an "outperform" rating and set a $47.00 target price (down previously from $51.00) on shares of Telephone and Data Systems in a report on Monday, May 5th. JPMorgan Chase & Co. dropped their target price on Telephone and Data Systems from $56.00 to $53.00 and set an "overweight" rating on the stock in a report on Wednesday, May 28th. Finally, Wall Street Zen lowered Telephone and Data Systems from a "hold" rating to a "sell" rating in a report on Friday, May 30th.

Telephone and Data Systems Company Profile

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.