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

Aigen Investment Management LP grew its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,589 shares of the Wireless communications provider’s stock after purchasing an additional 685 shares during the quarter. Aigen Investment Management LP’s holdings in Telephone and Data Systems were worth $316,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Blue Trust Inc. increased its position in Telephone and Data Systems by 4,082.9% in the second quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider’s stock worth $36,000 after buying an additional 1,674 shares during the period. Quarry LP bought a new stake in Telephone and Data Systems in the 2nd quarter valued at about $40,000. CWM LLC lifted its position in Telephone and Data Systems by 57.0% in the 2nd quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider’s stock valued at $82,000 after purchasing an additional 1,430 shares during the last quarter. Neo Ivy Capital Management bought a new position in Telephone and Data Systems in the 2nd quarter worth about $88,000. Finally, Natixis acquired a new stake in shares of Telephone and Data Systems in the first quarter valued at approximately $96,000. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Price Performance

NYSE TDS opened at $31.17 on Friday. Telephone and Data Systems, Inc. has a 12 month low of $13.69 and a 12 month high of $34.57. The firm has a market capitalization of $3.52 billion, a PE ratio of -5.77 and a beta of 0.77. The company’s 50 day simple moving average is $25.92 and its 200 day simple moving average is $22.25. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.19. The company had revenue of $1.22 billion for 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 firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the firm earned ($0.16) EPS. As a group, equities research analysts forecast that Telephone and Data Systems, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TDS shares. JPMorgan Chase & Co. increased their price objective on Telephone and Data Systems from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Raymond James raised 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.

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.