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

Bridgeway Capital Management LLC lessened its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 16.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 approximately 0.8% of Bridgeway Capital Management LLC's investment portfolio, making the stock its 4th biggest holding. Bridgeway Capital Management LLC owned approximately 0.88% of Telephone and Data Systems worth $33,833,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Independence Bank of Kentucky purchased a new position in Telephone and Data Systems in the fourth quarter valued at approximately $41,000. Federated Hermes Inc. purchased a new position in shares of Telephone and Data Systems in the 4th quarter valued at $56,000. SBI Securities Co. Ltd. acquired a new stake in Telephone and Data Systems during the 4th quarter worth $74,000. Farther Finance Advisors LLC lifted its position in Telephone and Data Systems by 74.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock valued at $92,000 after acquiring an additional 1,156 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Telephone and Data Systems by 139.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,749 shares of the Wireless communications provider's stock valued at $128,000 after acquiring an additional 2,186 shares in the last quarter. Hedge funds and other institutional investors own 80.00% of the company's stock.

Telephone and Data Systems Stock Performance

Telephone and Data Systems stock traded up $0.61 during midday trading on Friday, hitting $34.57. 604,110 shares of the company's stock were exchanged, compared to its average volume of 1,056,998. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of -6.40 and a beta of 0.57. Telephone and Data Systems, Inc. has a 12-month low of $16.64 and a 12-month high of $41.21. The firm's 50 day simple moving average is $36.01 and its 200 day simple moving average is $34.84.

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) 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 for the quarter, compared to analysts' expectations of $1.18 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The business's quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 EPS. Equities research 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 announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued 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 was Monday, March 17th. Telephone and Data Systems's payout ratio is currently -15.24%.

Analyst Upgrades and Downgrades

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

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.