Telephone and Data Systems, Inc. (NYSE:TDS) Stock Holdings Lifted by Aigen Investment Management LP

Aigen Investment Management LP lifted its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 5.3% in the 3rd quarter, Holdings Channel reports. The fund owned 13,589 shares of the Wireless communications provider’s stock after buying an additional 685 shares during the period. Aigen Investment Management LP’s holdings in Telephone and Data Systems were worth $316,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TDS. Blue Trust Inc. raised its position in Telephone and Data Systems by 4,082.9% during the second quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider’s stock valued at $36,000 after buying an additional 1,674 shares during the period. Quarry LP purchased a new stake in shares of Telephone and Data Systems in the second quarter worth approximately $40,000. CWM LLC boosted its holdings in shares of Telephone and Data Systems by 57.0% during the second quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider’s stock worth $82,000 after purchasing an additional 1,430 shares during the period. Neo Ivy Capital Management purchased a new position in Telephone and Data Systems during the second quarter valued at approximately $88,000. Finally, GAMMA Investing LLC increased its stake in Telephone and Data Systems by 13.8% in the 2nd quarter. GAMMA Investing LLC now owns 4,812 shares of the Wireless communications provider’s stock valued at $100,000 after buying an additional 585 shares during the period. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Telephone and Data Systems Stock Up 1.8 %

TDS stock opened at $31.17 on Friday. The firm has a market cap of $3.52 billion, a PE ratio of -5.77 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 fifty day simple moving average of $25.92 and a 200 day simple moving average of $22.25. 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 announced its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.19. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.16) earnings per share. Sell-side analysts anticipate that Telephone and Data Systems, Inc. will post -0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

TDS has been the topic of several research analyst reports. Raymond James upgraded shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, November 4th.

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.