Quantedge Capital Pte Ltd Makes New $808,000 Investment in Telephone and Data Systems, Inc. (NYSE:TDS)

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

Several other hedge funds have also made changes to their positions in the company. Quantinno Capital Management LP purchased a new stake in shares of Telephone and Data Systems in the 4th quarter worth $261,000. Nuveen Asset Management LLC lifted its holdings in shares of Telephone and Data Systems by 0.5% in the 4th quarter. Nuveen Asset Management LLC now owns 1,465,935 shares of the Wireless communications provider's stock worth $50,003,000 after buying an additional 6,914 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Telephone and Data Systems by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,149 shares of the Wireless communications provider's stock worth $1,915,000 after purchasing an additional 2,151 shares during the last quarter. Lazard Asset Management LLC lifted its stake 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 worth $139,000 after purchasing an additional 1,887 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Telephone and Data Systems during the 4th quarter worth $553,000. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Telephone and Data Systems Trading Up 1.9%

Shares of NYSE TDS opened at $33.86 on Thursday. The business has a fifty day moving average price of $35.93 and a 200 day moving average price of $34.90. Telephone and Data Systems, Inc. has a 1-year low of $16.64 and a 1-year high of $41.21. The stock has a market capitalization of $3.86 billion, a P/E ratio of -6.27 and a beta of 0.57. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) 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 business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter last year, the business posted $0.10 earnings per share. The company's quarterly revenue was down 8.6% compared to the same quarter last year. Equities research analysts expect 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 was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Monday, March 17th. Telephone and Data Systems's dividend payout ratio (DPR) is presently -15.24%.

Wall Street Analysts Forecast Growth

TDS has been the subject of a number of analyst reports. Raymond James restated an "outperform" rating and set a $47.00 price objective (down from $51.00) on shares of Telephone and Data Systems in a research note on Monday, May 5th. JPMorgan Chase & Co. upped their price objective on Telephone and Data Systems from $53.00 to $56.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th.

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.

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