Caxton Associates LP Buys 89,607 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Caxton Associates LP raised its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 183.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,529 shares of the Wireless communications provider’s stock after acquiring an additional 89,607 shares during the period. Caxton Associates LP owned about 0.12% of Telephone and Data Systems worth $2,872,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Telephone and Data Systems by 4.8% in the 4th quarter. Vanguard Group Inc. now owns 12,248,615 shares of the Wireless communications provider’s stock worth $224,762,000 after purchasing an additional 565,371 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Telephone and Data Systems by 9.2% during the second 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 during the last quarter. Norges Bank purchased a new position in Telephone and Data Systems in the fourth quarter worth $8,205,000. American Century Companies Inc. boosted its position in Telephone and Data Systems by 8.4% in the second quarter. American Century Companies Inc. now owns 2,655,980 shares of the Wireless communications provider’s stock worth $55,058,000 after purchasing an additional 206,819 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in Telephone and Data Systems by 17.1% in the 1st quarter. Bridgeway Capital Management LLC now owns 1,246,195 shares of the Wireless communications provider’s stock valued at $19,964,000 after purchasing an additional 181,790 shares during the period. 80.00% of the stock is owned by hedge funds and other institutional investors.

Telephone and Data Systems Trading Up 0.3 %

Shares of TDS stock opened at $22.93 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.51 and a debt-to-equity ratio of 0.84. The firm has a market cap of $2.59 billion, a P/E ratio of -4.71 and a beta of 0.81. The company has a 50 day moving average of $21.89 and a 200-day moving average of $19.42. Telephone and Data Systems, Inc. has a 12-month low of $13.69 and a 12-month high of $24.92.

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

Telephone and Data Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.70%. Telephone and Data Systems’s dividend payout ratio is presently -3.29%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut their price target on shares of Telephone and Data Systems from $36.00 to $34.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th.

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.