Assenagon Asset Management S.A. Invests $1.21 Million in Telephone and Data Systems, Inc. (NYSE:TDS)

Assenagon Asset Management S.A. purchased a new position in Telephone and Data Systems, Inc. (NYSE:TDS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,961 shares of the Wireless communications provider’s stock, valued at approximately $1,208,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Telephone and Data Systems by 2.6% in the first quarter. Vanguard Group Inc. now owns 12,569,591 shares of the Wireless communications provider’s stock worth $201,365,000 after purchasing an additional 320,976 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Telephone and Data Systems by 9.2% in the second quarter. Dimensional Fund Advisors LP now owns 6,018,541 shares of the Wireless communications provider’s stock worth $124,761,000 after purchasing an additional 507,512 shares during the period. American Century Companies Inc. increased its holdings in shares of 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 period. Gamco Investors INC. ET AL increased its holdings in shares of Telephone and Data Systems by 4.4% in 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 during the period. Finally, Millennium Management LLC increased its holdings 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 period. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Down 7.6 %

Shares of NYSE:TDS opened at $27.48 on Friday. Telephone and Data Systems, Inc. has a 52-week low of $13.69 and a 52-week high of $30.44. The firm has a fifty day moving average of $24.58 and a 200 day moving average of $21.28. The firm has a market capitalization of $3.11 billion, a PE ratio of -5.69 and a beta of 0.81. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.37 and a current ratio of 1.51.

Telephone and Data Systems (NYSE:TDS) last announced its earnings results on Friday, August 2nd. The Wireless communications provider reported ($0.13) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.13). Telephone and Data Systems had a negative net margin of 9.31% and a positive return on equity of 0.73%. 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 previous year, the business earned ($0.17) earnings per share. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, research analysts anticipate that Telephone and Data Systems, Inc. will post -0.44 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.04 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.16 annualized dividend and a yield of 0.58%. Telephone and Data Systems’s dividend payout ratio (DPR) is presently -3.31%.

Telephone and Data Systems 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.