CenterBook Partners LP Lowers Stock Position in Telephone and Data Systems, Inc. $TDS

CenterBook Partners LP trimmed its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 78.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,170 shares of the Wireless communications provider’s stock after selling 276,910 shares during the quarter. CenterBook Partners LP’s holdings in Telephone and Data Systems were worth $3,028,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TDS. Public Sector Pension Investment Board lifted its holdings in Telephone and Data Systems by 14.0% during the third quarter. Public Sector Pension Investment Board now owns 383,363 shares of the Wireless communications provider’s stock valued at $15,043,000 after purchasing an additional 47,124 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in shares of Telephone and Data Systems by 1.0% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 53,436 shares of the Wireless communications provider’s stock valued at $2,097,000 after purchasing an additional 554 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Telephone and Data Systems by 85.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 3,431 shares of the Wireless communications provider’s stock valued at $133,000 after buying an additional 1,584 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Telephone and Data Systems by 65.6% in the 3rd quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 277 shares during the period. Finally, Savant Capital LLC boosted its holdings in Telephone and Data Systems by 55.2% in the 3rd quarter. Savant Capital LLC now owns 11,672 shares of the Wireless communications provider’s stock worth $458,000 after buying an additional 4,153 shares during the period. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Down 2.9%

Shares of TDS opened at $45.17 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.89 and a quick ratio of 1.88. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of -41.83 and a beta of 0.32. Telephone and Data Systems, Inc. has a 1 year low of $31.07 and a 1 year high of $47.79. The business’s 50 day simple moving average is $42.83 and its 200-day simple moving average is $40.20.

Telephone and Data Systems Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.