NWI Management LP Cuts Stock Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

NWI Management LP lessened its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 17.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 121,000 shares of the Wireless communications provider’s stock after selling 25,000 shares during the quarter. NWI Management LP’s holdings in Telephone and Data Systems were worth $1,938,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL boosted its stake in shares of Telephone and Data Systems by 4.4% in the first quarter. Gamco Investors INC. ET AL now owns 2,092,042 shares of the Wireless communications provider’s stock valued at $33,515,000 after buying an additional 88,994 shares in the last quarter. Natixis acquired a new position in shares of Telephone and Data Systems during the 1st quarter worth $96,000. CANADA LIFE ASSURANCE Co increased its holdings in shares of Telephone and Data Systems by 19.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 109,275 shares of the Wireless communications provider’s stock valued at $1,749,000 after purchasing an additional 17,472 shares in the last quarter. HAP Trading LLC lifted its stake in shares of Telephone and Data Systems by 242.3% in the first quarter. HAP Trading LLC now owns 17,786 shares of the Wireless communications provider’s stock valued at $285,000 after purchasing an additional 30,286 shares during the period. Finally, UniSuper Management Pty Ltd acquired a new stake in shares of Telephone and Data Systems in the first quarter valued at about $401,000. Institutional investors and hedge funds own 80.00% of the company’s stock.

Telephone and Data Systems Price Performance

NYSE:TDS traded up $0.46 during mid-day trading on Friday, hitting $20.95. 870,897 shares of the company’s stock traded hands, compared to its average volume of 922,874. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.40 and a current ratio of 1.58. The company has a market cap of $2.37 billion, a PE ratio of -4.30 and a beta of 0.84. The firm’s 50 day simple moving average is $20.31 and its 200 day simple moving average is $18.01. Telephone and Data Systems, Inc. has a 1 year low of $7.64 and a 1 year high of $23.35.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, May 3rd. The Wireless communications provider reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.15. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Telephone and Data Systems had a positive return on equity of 0.62% and a negative net margin of 9.36%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.08) earnings per share. Sell-side analysts expect that Telephone and Data Systems, Inc. will post -0.33 EPS for the current year.

Telephone and Data Systems Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.76%. Telephone and Data Systems’s dividend payout ratio (DPR) is presently -3.29%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TDS. JPMorgan Chase & Co. dropped their target price on shares of Telephone and Data Systems from $36.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. StockNews.com raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Monday, May 6th.

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.