56,259 Shares in Telephone and Data Systems, Inc. (NYSE:TDS) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in Telephone and Data Systems, Inc. (NYSE:TDS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 56,259 shares of the Wireless communications provider’s stock, valued at approximately $1,308,000.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Telephone and Data Systems by 2.6% during the first quarter. Vanguard Group Inc. now owns 12,569,591 shares of the Wireless communications provider’s stock valued at $201,365,000 after buying an additional 320,976 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Telephone and Data Systems by 9.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,018,541 shares of the Wireless communications provider’s stock valued at $124,761,000 after acquiring an additional 507,512 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Telephone and Data Systems by 8.4% during the 2nd quarter. American Century Companies Inc. now owns 2,655,980 shares of the Wireless communications provider’s stock valued at $55,058,000 after acquiring an additional 206,819 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Telephone and Data Systems by 4.4% during the first quarter. Gamco Investors INC. ET AL now owns 2,092,042 shares of the Wireless communications provider’s stock worth $33,515,000 after purchasing an additional 88,994 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Telephone and Data Systems by 34.0% in the second quarter. Millennium Management LLC now owns 1,950,298 shares of the Wireless communications provider’s stock worth $40,430,000 after purchasing an additional 495,189 shares during the last quarter. 80.00% of the stock is owned by institutional investors.

Telephone and Data Systems Stock Performance

Shares of NYSE TDS opened at $30.86 on Thursday. The stock’s 50-day moving average is $25.64 and its 200 day moving average is $22.13. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of -5.71 and a beta of 0.77. Telephone and Data Systems, Inc. has a 1-year low of $13.69 and a 1-year high of $34.57. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.19. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the firm posted ($0.16) earnings per share. The business’s revenue was down 4.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Telephone and Data Systems, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TDS shares. Raymond James upgraded shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, November 4th.

About Telephone and Data Systems

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.