J. Goldman & Co LP lessened its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 85.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,473 shares of the Wireless communications provider's stock after selling 547,343 shares during the period. J. Goldman & Co LP owned 0.09% of Telephone and Data Systems worth $3,291,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. bought a new stake in Telephone and Data Systems during the fourth quarter worth approximately $553,000. Hudson Bay Capital Management LP bought a new stake in Telephone and Data Systems during the fourth quarter worth approximately $10,233,000. D. E. Shaw & Co. Inc. raised its holdings in Telephone and Data Systems by 140.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 334,981 shares of the Wireless communications provider's stock worth $11,426,000 after purchasing an additional 195,935 shares in the last quarter. Diameter Capital Partners LP raised its holdings in Telephone and Data Systems by 77.7% during the fourth quarter. Diameter Capital Partners LP now owns 450,000 shares of the Wireless communications provider's stock worth $15,350,000 after purchasing an additional 196,801 shares in the last quarter. Finally, Crestline Management LP bought a new stake in Telephone and Data Systems during the fourth quarter worth approximately $210,000. Institutional investors own 80.00% of the company's stock.
Telephone and Data Systems Price Performance
Shares of NYSE TDS traded up $0.55 during trading on Friday, hitting $34.95. The company had a trading volume of 740,880 shares, compared to its average volume of 1,053,094. The company has a market cap of $3.98 billion, a P/E ratio of -6.47 and a beta of 0.57. Telephone and Data Systems, Inc. has a 52 week low of $16.64 and a 52 week high of $41.21. The business's 50-day moving average is $35.98 and its 200 day moving average is $35.01. 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 (NYSE:TDS - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The company 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%. Telephone and Data Systems's quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 EPS. Equities research analysts predict that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.
Telephone and Data Systems Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Monday, March 17th. Telephone and Data Systems's payout ratio is -15.24%.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on TDS. JPMorgan Chase & Co. boosted their target price on Telephone and Data Systems from $53.00 to $56.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Raymond James reaffirmed an "outperform" rating and issued a $47.00 price target (down previously from $51.00) on shares of Telephone and Data Systems in a report on Monday, May 5th.
Get Our Latest Stock Report on TDS
About Telephone and Data Systems
(
Free Report)
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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