Diametric Capital LP Increases Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Diametric Capital LP raised its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 15.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,115 shares of the Wireless communications provider’s stock after buying an additional 5,990 shares during the quarter. Telephone and Data Systems makes up approximately 1.0% of Diametric Capital LP’s investment portfolio, making the stock its 18th largest position. Diametric Capital LP’s holdings in Telephone and Data Systems were worth $1,505,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. TCW Group Inc. increased its position in Telephone and Data Systems by 3.2% during the third quarter. TCW Group Inc. now owns 566,832 shares of the Wireless communications provider’s stock worth $13,179,000 after purchasing an additional 17,400 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Telephone and Data Systems during the 4th quarter valued at approximately $246,000. CWA Asset Management Group LLC acquired a new position in Telephone and Data Systems in the fourth quarter valued at approximately $710,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Telephone and Data Systems in the third quarter worth approximately $1,574,000. Finally, Consolidated Planning Corp increased its stake in Telephone and Data Systems by 35.4% during the fourth quarter. Consolidated Planning Corp now owns 38,516 shares of the Wireless communications provider’s stock worth $1,314,000 after acquiring an additional 10,063 shares during the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Up 0.6 %

Telephone and Data Systems stock opened at $38.75 on Tuesday. The company has a market capitalization of $4.42 billion, a PE ratio of -7.18 and a beta of 0.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. Telephone and Data Systems, Inc. has a fifty-two week low of $14.04 and a fifty-two week high of $41.21. The firm has a 50 day moving average price of $36.54 and a 200 day moving average price of $32.41.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.23. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Research analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Monday, March 17th. Telephone and Data Systems’s dividend payout ratio (DPR) is currently -18.60%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their price target on Telephone and Data Systems from $53.00 to $56.00 and gave the stock an “overweight” rating in a report 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.