Krilogy Financial LLC Raises Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Krilogy Financial LLC boosted its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 39.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 156,846 shares of the Wireless communications provider's stock after buying an additional 44,502 shares during the quarter. Krilogy Financial LLC owned 0.14% of Telephone and Data Systems worth $6,076,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Third Point LLC lifted its stake in shares of Telephone and Data Systems by 108.7% in the 4th quarter. Third Point LLC now owns 6,000,000 shares of the Wireless communications provider's stock valued at $204,660,000 after purchasing an additional 3,125,000 shares during the period. American Century Companies Inc. boosted its stake in shares of Telephone and Data Systems by 6.7% in the fourth quarter. American Century Companies Inc. now owns 3,229,568 shares of the Wireless communications provider's stock worth $110,161,000 after acquiring an additional 203,897 shares during the last quarter. Gabelli Funds LLC grew its holdings in shares of Telephone and Data Systems by 1.1% during the fourth quarter. Gabelli Funds LLC now owns 1,899,767 shares of the Wireless communications provider's stock worth $64,801,000 after buying an additional 20,721 shares in the last quarter. Carronade Capital Management LP purchased a new stake in Telephone and Data Systems during the 4th quarter valued at about $62,845,000. Finally, Silver Point Capital L.P. grew its position in shares of Telephone and Data Systems by 47.2% in the fourth quarter. Silver Point Capital L.P. now owns 1,840,000 shares of the Wireless communications provider's stock valued at $62,762,000 after purchasing an additional 590,000 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TDS has been the subject of a number of recent analyst reports. Raymond James reissued an "outperform" rating and set a $47.00 price objective (down from $51.00) on shares of Telephone and Data Systems in a research report on Monday, May 5th. JPMorgan Chase & Co. reduced their price objective on Telephone and Data Systems from $56.00 to $53.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 28th. Finally, Wall Street Zen downgraded shares of Telephone and Data Systems from a "hold" rating to a "sell" rating in a research note on Friday, May 30th.

Telephone and Data Systems Stock Performance

Shares of TDS traded down $1.14 during mid-day trading on Friday, hitting $33.14. 563,709 shares of the company's stock were exchanged, compared to its average volume of 994,715. 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, Inc. has a fifty-two week low of $17.90 and a fifty-two week high of $41.21. The business's 50 day moving average is $35.03 and its two-hundred day moving average is $35.40. The firm has a market capitalization of $3.78 billion, a P/E ratio of -6.14 and a beta of 0.52.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter in the prior year, the business earned $0.10 EPS. The business's revenue for the quarter was down 8.6% compared to the same quarter last year. On average, equities analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.48%. The ex-dividend date is Monday, June 16th. Telephone and Data Systems's payout ratio is -15.24%.

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.