23,700 Shares in Telephone and Data Systems, Inc. (NYSE:TDS) Acquired by Quantedge Capital Pte Ltd

Quantedge Capital Pte Ltd purchased a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 23,700 shares of the Wireless communications provider's stock, valued at approximately $808,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TDS. Quantinno Capital Management LP bought a new stake in shares of Telephone and Data Systems during the 4th quarter worth about $261,000. Nuveen Asset Management LLC boosted its holdings in shares of Telephone and Data Systems by 0.5% during the fourth quarter. Nuveen Asset Management LLC now owns 1,465,935 shares of the Wireless communications provider's stock worth $50,003,000 after acquiring an additional 6,914 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Telephone and Data Systems by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,149 shares of the Wireless communications provider's stock valued at $1,915,000 after purchasing an additional 2,151 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of 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 purchasing an additional 1,887 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Telephone and Data Systems in the 4th quarter valued at $553,000. 80.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TDS has been the subject of a number of recent research reports. Raymond James reissued an "outperform" rating and issued a $47.00 target price (down previously from $51.00) on shares of Telephone and Data Systems in a research report on Monday, May 5th. JPMorgan Chase & Co. boosted their price objective on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the company an "overweight" rating in a report on Monday, February 24th.

Telephone and Data Systems Price Performance

Telephone and Data Systems stock traded up $0.15 during midday trading on Tuesday, reaching $34.79. The company's stock had a trading volume of 164,210 shares, compared to its average volume of 965,980. The business has a 50-day moving average price of $35.97 and a 200-day moving average price of $35.10. Telephone and Data Systems, Inc. has a 52 week low of $16.64 and a 52 week high of $41.21. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The stock has a market cap of $3.97 billion, a PE ratio of -6.44 and a beta of 0.57.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.18 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The firm's quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 EPS. On average, sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, March 17th. 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.