Quantbot Technologies LP Sells 76,894 Shares of Telephone and Data Systems, Inc. $TDS

Quantbot Technologies LP lessened its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 67.7% during the third quarter, HoldingsChannel.com reports. The firm owned 36,675 shares of the Wireless communications provider’s stock after selling 76,894 shares during the quarter. Quantbot Technologies LP’s holdings in Telephone and Data Systems were worth $1,439,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Bessemer Group Inc. increased its stake in Telephone and Data Systems by 65.6% in the third quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 277 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Telephone and Data Systems by 121.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 455 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Telephone and Data Systems by 53.1% during the 2nd quarter. Assetmark Inc. now owns 1,297 shares of the Wireless communications provider’s stock worth $46,000 after buying an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Telephone and Data Systems by 191.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the Wireless communications provider’s stock worth $47,000 after buying an additional 861 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of Telephone and Data Systems by 48.4% in the third quarter. Aster Capital Management DIFC Ltd now owns 2,402 shares of the Wireless communications provider’s stock worth $94,000 after acquiring an additional 783 shares during the last quarter. 80.00% of the stock is owned by institutional investors and hedge funds.

Telephone and Data Systems Stock Up 0.1%

Shares of NYSE:TDS opened at $45.15 on Friday. The company has a market cap of $5.19 billion, a price-to-earnings ratio of -69.46 and a beta of 0.34. Telephone and Data Systems, Inc. has a one year low of $31.07 and a one year high of $47.79. The firm has a fifty day moving average price of $44.10 and a two-hundred day moving average price of $40.68. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.10 and a quick ratio of 2.09.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, February 20th. The Wireless communications provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.23. Telephone and Data Systems had a negative net margin of 0.21% and a positive return on equity of 2.25%. The business had revenue of $330.71 million during the quarter, compared to analysts’ expectations of $319.28 million. During the same quarter in the previous year, the company earned ($0.10) EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. Analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Telephone and Data Systems’s dividend payout ratio (DPR) is presently -24.62%.

Wall Street Analyst Weigh In

Several research firms recently commented on TDS. Citigroup lifted their target price on shares of Telephone and Data Systems from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Zacks Research downgraded Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Wall Street Zen lowered shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a research note on Sunday, March 1st. Finally, Weiss Ratings raised Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.33.

About Telephone and Data Systems

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.