Y Intercept Hong Kong Ltd Acquires 21,152 Shares of Telephone and Data Systems, Inc. $TDS

Y Intercept Hong Kong Ltd raised its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 312.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,931 shares of the Wireless communications provider’s stock after buying an additional 21,152 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Telephone and Data Systems were worth $1,096,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in TDS. Assetmark Inc. lifted its stake in Telephone and Data Systems by 53.1% in the second quarter. Assetmark Inc. now owns 1,297 shares of the Wireless communications provider’s stock worth $46,000 after acquiring an additional 450 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Telephone and Data Systems by 191.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the Wireless communications provider’s stock worth $47,000 after purchasing an additional 861 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Telephone and Data Systems by 36.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,965 shares of the Wireless communications provider’s stock valued at $106,000 after purchasing an additional 797 shares in the last quarter. Highland Capital Management LLC purchased a new position in shares of Telephone and Data Systems during the third quarter valued at about $212,000. Finally, Forum Financial Management LP bought a new position in Telephone and Data Systems in the third quarter worth about $213,000. 80.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on TDS shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Telephone and Data Systems in a research report on Monday, December 29th. Zacks Research cut Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Wall Street Zen cut Telephone and Data Systems from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, Citigroup increased their price objective on Telephone and Data Systems from $45.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $51.67.

Insiders Place Their Bets

In other Telephone and Data Systems news, CAO Anita J. Kroll sold 870 shares of Telephone and Data Systems stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $39.16, for a total value of $34,069.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 14.97% of the company’s stock.

Telephone and Data Systems Stock Up 0.9%

TDS stock opened at $45.12 on Friday. The business has a 50 day moving average of $40.96 and a 200 day moving average of $39.51. The firm has a market cap of $5.19 billion, a PE ratio of -41.77 and a beta of 0.32. Telephone and Data Systems, Inc. has a twelve month low of $31.07 and a twelve month high of $45.93. The company has a quick ratio of 1.88, a current ratio of 1.89 and a debt-to-equity ratio of 0.20.

Telephone and Data Systems (NYSE:TDS) last released its earnings results on Friday, November 7th. The Wireless communications provider reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.13. Telephone and Data Systems had a positive return on equity of 1.15% and a negative net margin of 1.46%.The firm had revenue of $308.52 million for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the firm posted ($0.73) earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. On average, research analysts forecast that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, December 15th. Telephone and Data Systems’s dividend payout ratio is -14.81%.

Telephone and Data Systems Profile

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.