Amalgamated Bank Cuts Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Amalgamated Bank lowered its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 5.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 30,158 shares of the Wireless communications provider’s stock after selling 1,752 shares during the quarter. Amalgamated Bank’s holdings in Telephone and Data Systems were worth $625,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Telephone and Data Systems by 4,082.9% during the 2nd 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 bought a new position in Telephone and Data Systems during the 4th quarter valued at $60,000. CWM LLC raised its stake in 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 valued at $82,000 after buying an additional 1,430 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Telephone and Data Systems during the 2nd quarter valued at approximately $88,000. Finally, GAMMA Investing LLC lifted its stake in Telephone and Data Systems by 13.8% during the second quarter. GAMMA Investing LLC now owns 4,812 shares of the Wireless communications provider’s stock worth $100,000 after purchasing an additional 585 shares during the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Up 2.3 %

Shares of NYSE:TDS opened at $24.08 on Friday. Telephone and Data Systems, Inc. has a 1-year low of $13.69 and a 1-year high of $24.92. The company’s fifty day moving average is $22.00 and its two-hundred day moving average is $19.54. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.37 and a current ratio of 1.51. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -4.94 and a beta of 0.81.

Telephone and Data Systems (NYSE:TDS) last posted its earnings results on Friday, August 2nd. The Wireless communications provider reported ($0.13) EPS for the quarter, meeting the consensus estimate of ($0.13). Telephone and Data Systems had a positive return on equity of 0.73% and a negative net margin of 9.31%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the company earned ($0.17) earnings per share. The business’s revenue was down 2.3% compared to the same quarter last year. Equities analysts anticipate that Telephone and Data Systems, Inc. will post -0.43 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.66%. Telephone and Data Systems’s payout ratio is -3.29%.

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.