Horizon Investments LLC Has $1.64 Million Stock Holdings in Telephone and Data Systems, Inc. $TDS

Key Points

• Horizon Investments LLC increased its position in Telephone and Data Systems by 186.7% during Q4, adding 25,975 shares to hold 39,891 shares worth about $1.636 million.
• TDS beat quarterly expectations with $0.32 EPS vs. $0.09 and revenue of $330.71M (up 12% year-over-year), though the company still shows a slight negative net margin and analysts forecast a full-year EPS of −0.16.
• Analysts have an average rating of Moderate Buy with a consensus price target of $53.33 (Citigroup raised its target to $56), institutional investors own roughly 80% of the stock, and the company pays a $0.04 quarterly dividend (0.4% yield).

Horizon Investments LLC boosted its position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 186.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,891 shares of the Wireless communications provider's stock after buying an additional 25,975 shares during the quarter. Horizon Investments LLC's holdings in Telephone and Data Systems were worth $1,636,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TDS. Carronade Capital Management LP increased its position in shares of Telephone and Data Systems by 8.5% during the 3rd quarter. Carronade Capital Management LP now owns 3,680,500 shares of the Wireless communications provider's stock worth $144,423,000 after purchasing an additional 288,000 shares during the last quarter. Axecap Investments LLC acquired a new position in shares of Telephone and Data Systems during the 3rd quarter worth approximately $2,441,000. Allianz Asset Management GmbH increased its position in shares of Telephone and Data Systems by 21.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 456,451 shares of the Wireless communications provider's stock worth $17,911,000 after purchasing an additional 80,670 shares during the last quarter. Oaktree Capital Management LP acquired a new position in shares of Telephone and Data Systems during the 3rd quarter worth approximately $144,732,000. Finally, Segall Bryant & Hamill LLC increased its position in shares of Telephone and Data Systems by 244.2% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 45,152 shares of the Wireless communications provider's stock worth $1,772,000 after purchasing an additional 32,035 shares during the last quarter. Institutional investors and hedge funds own 80.00% of the company's stock.

Telephone and Data Systems Stock Up 0.8%

TDS stock opened at $45.35 on Wednesday. The company has a current ratio of 2.10, a quick ratio of 2.09 and a debt-to-equity ratio of 0.20. The business's 50 day simple moving average is $44.26 and its 200 day simple moving average is $42.23. Telephone and Data Systems, Inc. has a 1-year low of $31.07 and a 1-year high of $47.79. The firm has a market capitalization of $5.16 billion, a PE ratio of -69.77 and a beta of 0.33.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its quarterly earnings data on Friday, February 20th. The Wireless communications provider reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.23. Telephone and Data Systems had a positive return on equity of 2.25% and a negative net margin of 0.21%.The firm had revenue of $330.71 million for the quarter, compared to analyst estimates of $319.28 million. During the same period in the prior year, the firm posted ($0.10) EPS. The company's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, research analysts anticipate that Telephone and Data Systems, Inc. will post -0.16 EPS for the current year.

Telephone and Data Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 16th. Telephone and Data Systems's dividend payout ratio is currently -24.62%.

Analyst Ratings Changes

Several research analysts have weighed in on TDS shares. Weiss Ratings raised Telephone and Data Systems from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, February 24th. Citigroup boosted their price target on Telephone and Data Systems from $51.00 to $56.00 and gave the stock a "buy" rating in a research report on Monday, February 23rd. Finally, Wall Street Zen lowered Telephone and Data Systems from a "hold" rating to a "sell" rating in a research report on Sunday, March 1st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Telephone and Data Systems currently has an average rating of "Moderate Buy" and a consensus price target of $53.33.

About Telephone and Data Systems

Telephone and Data Systems, Inc NYSE: TDS is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.