Y Intercept Hong Kong Ltd Has $310,000 Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Y Intercept Hong Kong Ltd reduced its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 49.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,076 shares of the Wireless communications provider’s stock after selling 8,741 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Telephone and Data Systems were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TDS. Independence Bank of Kentucky acquired a new position in Telephone and Data Systems in the 4th quarter valued at $41,000. Versant Capital Management Inc raised its holdings in Telephone and Data Systems by 14.5% in the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock valued at $82,000 after acquiring an additional 303 shares in the last quarter. Quarry LP raised its holdings in shares of 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 buying an additional 692 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Telephone and Data Systems during the 4th quarter worth $155,000. Finally, KBC Group NV raised its holdings in shares of Telephone and Data Systems by 70.6% during the 4th quarter. KBC Group NV now owns 4,853 shares of the Wireless communications provider’s stock worth $166,000 after buying an additional 2,008 shares in the last quarter. 80.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TDS shares. JPMorgan Chase & Co. boosted their price objective on Telephone and Data Systems from $53.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. Raymond James upgraded Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research report on Thursday, November 7th.

Telephone and Data Systems Stock Down 2.2 %

TDS stock opened at $35.29 on Tuesday. The stock’s 50 day simple moving average is $35.85 and its 200 day simple moving average is $30.53. Telephone and Data Systems, Inc. has a fifty-two week low of $14.04 and a fifty-two week high of $41.21. 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 company has a market cap of $4.02 billion, a P/E ratio of -6.54 and a beta of 0.80.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.23. The business had revenue of $1.24 billion for 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 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Monday, March 17th. Telephone and Data Systems’s dividend payout ratio is presently -18.60%.

Telephone and Data Systems Company 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.