Telephone and Data Systems, Inc. (NYSE:TDS) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 4,112.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 about 0.21% of Telephone and Data Systems worth $9,369,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TDS. Federated Hermes Inc. purchased a new stake in Telephone and Data Systems during the fourth quarter worth $56,000. SBI Securities Co. Ltd. acquired a new position in shares of Telephone and Data Systems in the fourth quarter worth about $74,000. Farther Finance Advisors LLC boosted its stake in shares of Telephone and Data Systems by 74.5% during the 4th 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 boosted its stake in shares of Telephone and Data Systems by 139.9% during the 4th 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 grew its position in shares of Telephone and Data Systems by 85.6% during the 4th quarter. Lazard Asset Management LLC now owns 4,092 shares of the Wireless communications provider's stock valued at $139,000 after acquiring an additional 1,887 shares during the period. Institutional investors and hedge funds own 80.00% of the company's stock.

Analyst Ratings Changes

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

Telephone and Data Systems Price Performance

NYSE:TDS traded up $0.25 during trading hours on Friday, hitting $35.00. 560,836 shares of the stock were exchanged, compared to its average volume of 1,002,278. The firm's fifty day moving average price is $35.23 and its 200 day moving average price is $35.38. Telephone and Data Systems, Inc. has a 52-week low of $17.90 and a 52-week high of $41.21. The company has a market cap of $3.99 billion, a P/E ratio of -6.48 and a beta of 0.52. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85.

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) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.07). Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The firm had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The firm's revenue for the quarter was down 8.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, June 16th. Telephone and Data Systems's dividend payout ratio is currently -15.24%.

Telephone and Data Systems 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.