Quantbot Technologies LP Invests $325,000 in Telephone and Data Systems, Inc. (NYSE:TDS)

Quantbot Technologies LP purchased a new stake in Telephone and Data Systems, Inc. (NYSE:TDS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,518 shares of the Wireless communications provider’s stock, valued at approximately $325,000.

A number of other institutional investors also recently modified their holdings of TDS. Independence Bank of Kentucky bought a new stake in Telephone and Data Systems during the 4th quarter valued at $41,000. SBI Securities Co. Ltd. purchased a new position in shares of Telephone and Data Systems in the fourth quarter valued at $74,000. Versant Capital Management Inc raised its stake in shares of Telephone and Data Systems by 14.5% during the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock valued at $82,000 after purchasing an additional 303 shares during the period. Quarry LP lifted its holdings in Telephone and Data Systems by 35.5% during the 3rd quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock worth $61,000 after purchasing an additional 692 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Telephone and Data Systems by 74.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider’s stock worth $92,000 after purchasing an additional 1,156 shares during the period. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Telephone and Data Systems Price Performance

NYSE:TDS opened at $38.54 on Friday. Telephone and Data Systems, Inc. has a 52-week low of $14.04 and a 52-week high of $41.21. The stock has a fifty day moving average of $36.48 and a 200 day moving average of $32.16. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of -7.14 and a beta of 0.75.

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

Telephone and Data Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Monday, March 17th. Telephone and Data Systems’s dividend payout ratio (DPR) is currently -18.60%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their price target on shares of 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.