Telephone and Data Systems, Inc. (NYSE:TDS) is Bridgeway Capital Management LLC's 4th Largest Position

Bridgeway Capital Management LLC reduced its stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 16.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 991,881 shares of the Wireless communications provider's stock after selling 191,584 shares during the period. Telephone and Data Systems accounts for about 0.8% of Bridgeway Capital Management LLC's holdings, making the stock its 4th biggest position. Bridgeway Capital Management LLC owned 0.88% of Telephone and Data Systems worth $33,833,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TDS. Captrust Financial Advisors purchased a new position in shares of Telephone and Data Systems in the 4th quarter valued at $208,000. Carronade Capital Management LP purchased a new position in shares of Telephone and Data Systems during the fourth quarter worth about $62,845,000. Ameriprise Financial Inc. increased its position in shares of Telephone and Data Systems by 3.8% during the fourth quarter. Ameriprise Financial Inc. now owns 1,257,662 shares of the Wireless communications provider's stock worth $42,899,000 after purchasing an additional 45,619 shares in the last quarter. Algert Global LLC lifted its holdings in shares of Telephone and Data Systems by 15.8% in the 4th quarter. Algert Global LLC now owns 284,856 shares of the Wireless communications provider's stock valued at $9,716,000 after purchasing an additional 38,770 shares during the last quarter. Finally, Third Point LLC boosted its position 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. Institutional investors and hedge funds own 80.00% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TDS. JPMorgan Chase & Co. boosted their price objective on Telephone and Data Systems from $53.00 to $56.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Raymond James reiterated an "outperform" rating and set a $47.00 target price (down previously from $51.00) on shares of Telephone and Data Systems in a research report on Monday.

Telephone and Data Systems Price Performance

TDS stock traded up $0.61 during midday trading on Friday, hitting $34.57. 604,110 shares of the stock were exchanged, compared to its average volume of 1,062,203. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of -6.40 and a beta of 0.57. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. Telephone and Data Systems, Inc. has a fifty-two week low of $16.64 and a fifty-two week high of $41.21. The stock's 50-day moving average price is $36.01 and its 200-day moving average price is $34.74.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its 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). The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations 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%. Telephone and Data Systems's quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. Research analysts predict that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a yield of 0.46%. Telephone and Data Systems's dividend payout ratio (DPR) is currently -15.24%.

Telephone and Data Systems Company 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.