Algert Global LLC Boosts Stake in Telephone and Data Systems, Inc. (NYSE:TDS)

Algert Global LLC boosted its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 15.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 284,856 shares of the Wireless communications provider’s stock after buying an additional 38,770 shares during the quarter. Algert Global LLC’s holdings in Telephone and Data Systems were worth $9,716,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of TDS. Third Point LLC lifted its position in shares of Telephone and Data Systems by 108.7% during 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 buying an additional 3,125,000 shares in the last quarter. Voleon Capital Management LP bought a new stake in Telephone and Data Systems during the 4th quarter worth approximately $559,000. Northern Trust Corp lifted its holdings in Telephone and Data Systems by 9.1% during the fourth quarter. Northern Trust Corp now owns 1,159,919 shares of the Wireless communications provider’s stock valued at $39,565,000 after purchasing an additional 96,849 shares in the last quarter. Boothbay Fund Management LLC boosted its position in shares of Telephone and Data Systems by 13.4% in the fourth quarter. Boothbay Fund Management LLC now owns 151,133 shares of the Wireless communications provider’s stock worth $5,155,000 after purchasing an additional 17,877 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Telephone and Data Systems in the fourth quarter worth $6,571,000. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Performance

NYSE:TDS opened at $34.46 on Friday. The stock has a 50-day moving average price of $36.18 and a 200 day moving average price of $34.62. The stock has a market capitalization of $3.93 billion, a P/E ratio of -6.38 and a beta of 0.62. Telephone and Data Systems, Inc. has a 12-month low of $14.52 and a 12-month 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.

Telephone and Data Systems (NYSE:TDS) last announced 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). Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the business earned $0.10 earnings per share. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. Equities research analysts forecast that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The business 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 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 currently -18.60%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lifted their target price on shares of 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.

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.