Natixis Advisors LLC Has $1.62 Million Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Natixis Advisors LLC grew its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 23.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,818 shares of the Wireless communications provider’s stock after acquiring an additional 13,385 shares during the period. Natixis Advisors LLC’s holdings in Telephone and Data Systems were worth $1,624,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of TDS. Vanguard Group Inc. raised its position in Telephone and Data Systems by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 12,569,591 shares of the Wireless communications provider’s stock worth $201,365,000 after purchasing an additional 320,976 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Telephone and Data Systems by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 6,018,541 shares of the Wireless communications provider’s stock valued at $124,761,000 after acquiring an additional 507,512 shares during the period. American Century Companies Inc. boosted its holdings in Telephone and Data Systems by 8.4% in the second quarter. American Century Companies Inc. now owns 2,655,980 shares of the Wireless communications provider’s stock valued at $55,058,000 after acquiring an additional 206,819 shares during the last quarter. Millennium Management LLC increased its position in Telephone and Data Systems by 34.0% in the second quarter. Millennium Management LLC now owns 1,950,298 shares of the Wireless communications provider’s stock worth $40,430,000 after purchasing an additional 495,189 shares during the period. Finally, Jupiter Asset Management Ltd. raised its holdings in Telephone and Data Systems by 18.4% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 894,921 shares of the Wireless communications provider’s stock worth $18,552,000 after purchasing an additional 138,761 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Telephone and Data Systems Trading Down 2.0 %

NYSE TDS opened at $33.36 on Tuesday. Telephone and Data Systems, Inc. has a 12 month low of $13.69 and a 12 month high of $34.57. The stock has a 50-day simple moving average of $27.22 and a 200 day simple moving average of $23.14. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $3.77 billion, a PE ratio of -6.18 and a beta of 0.77.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.19. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. Telephone and Data Systems’s revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.16) EPS. Research analysts forecast that Telephone and Data Systems, Inc. will post -0.36 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TDS. JPMorgan Chase & Co. raised their target price on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Raymond James raised shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research note on Thursday, November 7th.

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.