Fox Run Management L.L.C. Buys Shares of 6,586 Telephone and Data Systems, Inc. $TDS

Fox Run Management L.L.C. bought a new position in Telephone and Data Systems, Inc. (NYSE:TDS) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,586 shares of the Wireless communications provider’s stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TDS. Xponance Inc. boosted its holdings in Telephone and Data Systems by 4.5% in the first quarter. Xponance Inc. now owns 7,485 shares of the Wireless communications provider’s stock worth $290,000 after purchasing an additional 324 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Telephone and Data Systems by 8.0% in the first quarter. Sequoia Financial Advisors LLC now owns 6,544 shares of the Wireless communications provider’s stock worth $254,000 after buying an additional 485 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Telephone and Data Systems by 8.7% during the 1st quarter. GAMMA Investing LLC now owns 6,243 shares of the Wireless communications provider’s stock worth $242,000 after acquiring an additional 501 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Telephone and Data Systems by 5.8% during the 1st quarter. OneDigital Investment Advisors LLC now owns 9,648 shares of the Wireless communications provider’s stock valued at $374,000 after acquiring an additional 531 shares during the last quarter. Finally, Bayforest Capital Ltd increased its holdings in shares of Telephone and Data Systems by 121.8% during the 1st quarter. Bayforest Capital Ltd now owns 1,342 shares of the Wireless communications provider’s stock valued at $52,000 after acquiring an additional 737 shares during the last quarter. Institutional investors own 80.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TDS shares. Zacks Research upgraded Telephone and Data Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. Wall Street Zen upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Sunday. Raymond James Financial raised their target price on shares of Telephone and Data Systems from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, August 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Telephone and Data Systems from $53.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Telephone and Data Systems presently has an average rating of “Moderate Buy” and an average price target of $52.00.

Telephone and Data Systems Price Performance

NYSE:TDS opened at $39.0520 on Thursday. The stock has a market cap of $4.45 billion, a P/E ratio of -40.26 and a beta of 0.54. Telephone and Data Systems, Inc. has a one year low of $20.45 and a one year high of $42.74. The company has a fifty day moving average price of $37.16 and a 200 day moving average price of $36.33. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.78 and a quick ratio of 1.65.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings results on Monday, August 11th. The Wireless communications provider reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Telephone and Data Systems had a positive return on equity of 0.92% and a negative net margin of 0.85%.The business’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.13) earnings per share. Analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, September 15th. Telephone and Data Systems’s payout ratio is currently -16.49%.

Insider Transactions at Telephone and Data Systems

In related news, SVP Joseph R. Hanley sold 68,759 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $38.16, for a total value of $2,623,843.44. Following the completion of the transaction, the senior vice president directly owned 60,473 shares in the company, valued at approximately $2,307,649.68. This represents a 53.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Anita J. Kroll sold 29,047 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $39.02, for a total value of $1,133,413.94. Following the completion of the transaction, the chief accounting officer directly owned 19,892 shares of the company’s stock, valued at approximately $776,185.84. This trade represents a 59.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 268,042 shares of company stock worth $10,354,302. Insiders own 14.97% of the company’s stock.

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.