Krilogy Financial LLC Acquires 15,507 Shares of Telephone and Data Systems, Inc. $TDS

Key Points

• Krilogy Financial LLC increased its stake in Telephone and Data Systems, acquiring an additional 15,507 shares, bringing its total holdings to 172,353 shares, valued at approximately $6.13 million.
• Telephone and Data Systems reported a loss per share (EPS) of ($0.05) for the latest quarter, missing analysts' estimates, despite generating $1.19 billion in revenue.
• Insider selling activity has been notable, with the CFO selling over 26,000 shares, representing a significant decrease in their holdings, while institutional investors control 80% of the company's stock.

Krilogy Financial LLC boosted its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 9.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 172,353 shares of the Wireless communications provider's stock after purchasing an additional 15,507 shares during the period. Krilogy Financial LLC owned about 0.15% of Telephone and Data Systems worth $6,132,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bayforest Capital Ltd lifted its stake in shares of Telephone and Data Systems by 121.8% in the 1st quarter. Bayforest Capital Ltd now owns 1,342 shares of the Wireless communications provider's stock valued at $52,000 after acquiring an additional 737 shares during the last quarter. Lazard Asset Management LLC raised its position in 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 worth $139,000 after purchasing an additional 1,887 shares during the last quarter. Forum Financial Management LP acquired a new stake in Telephone and Data Systems during the 1st quarter worth about $200,000. Greenleaf Trust acquired a new stake in Telephone and Data Systems during the 1st quarter worth about $202,000. Finally, Highland Capital Management LLC acquired a new stake in Telephone and Data Systems during the 1st quarter worth about $205,000. 80.00% of the stock is currently owned by institutional investors.

Telephone and Data Systems Price Performance

Shares of NYSE TDS opened at $38.72 on Tuesday. Telephone and Data Systems, Inc. has a twelve month low of $22.51 and a twelve month high of $42.74. The stock's 50 day moving average price is $38.88 and its 200-day moving average price is $36.55. The company has a market capitalization of $4.45 billion, a PE ratio of -39.92 and a beta of 0.48. The company has a quick ratio of 1.65, a current ratio of 1.78 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The Wireless communications provider reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.04). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. Telephone and Data Systems had a positive return on equity of 0.92% and a negative net margin of 0.85%.The company's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.13) EPS. On average, equities analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, September 15th. Telephone and Data Systems's payout ratio is -16.49%.

Analyst Ratings Changes

Several brokerages have recently commented on TDS. Zacks Research upgraded Telephone and Data Systems from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. lifted their price target on Telephone and Data Systems from $53.00 to $54.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Wall Street Zen upgraded Telephone and Data Systems from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. Finally, Raymond James Financial lifted their price target on Telephone and Data Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Telephone and Data Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $52.00.

Insider Activity at Telephone and Data Systems

In related news, CFO Vicki L. Villacrez sold 26,334 shares of Telephone and Data Systems stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $39.02, for a total value of $1,027,552.68. Following the sale, the chief financial officer owned 454 shares of the company's stock, valued at approximately $17,715.08. The trade was a 98.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Prudence E. Carlson sold 4,452 shares of Telephone and Data Systems stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $38.50, for a total transaction of $171,402.00. Following the completion of the sale, the director directly owned 311,005 shares in the company, valued at $11,973,692.50. This trade represents a 1.41% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 276,650 shares of company stock worth $10,690,789. Company insiders own 14.48% of the company's stock.

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.

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