Fox Run Management L.L.C. Takes Position in Telephone and Data Systems, Inc. $TDS

Fox Run Management L.L.C. acquired a new stake in Telephone and Data Systems, Inc. (NYSE:TDS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 20,205 shares of the Wireless communications provider’s stock, valued at approximately $828,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TDS. Carronade Capital Management LP raised its position in shares of Telephone and Data Systems by 8.5% during the 3rd quarter. Carronade Capital Management LP now owns 3,680,500 shares of the Wireless communications provider’s stock worth $144,423,000 after acquiring an additional 288,000 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Telephone and Data Systems by 244.2% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 45,152 shares of the Wireless communications provider’s stock worth $1,772,000 after acquiring an additional 32,035 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Telephone and Data Systems by 343.6% during the 4th quarter. SG Americas Securities LLC now owns 39,597 shares of the Wireless communications provider’s stock worth $1,623,000 after acquiring an additional 30,670 shares in the last quarter. Oaktree Capital Management LP acquired a new stake in shares of Telephone and Data Systems during the 3rd quarter worth about $144,732,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Telephone and Data Systems by 208.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 301,529 shares of the Wireless communications provider’s stock worth $12,363,000 after acquiring an additional 203,856 shares in the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TDS shares. Raymond James Financial lowered Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research report on Monday, May 11th. Citigroup raised their target price on Telephone and Data Systems from $51.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Wall Street Zen raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Telephone and Data Systems in a research report on Friday, June 5th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Telephone and Data Systems presently has an average rating of “Hold” and an average target price of $53.33.

Telephone and Data Systems Trading Up 1.5%

TDS opened at $39.93 on Thursday. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 75.33 and a beta of 0.28. Telephone and Data Systems, Inc. has a 52 week low of $32.60 and a 52 week high of $49.12. The business’s 50 day moving average is $42.91 and its two-hundred day moving average is $42.66. The company has a quick ratio of 3.42, a current ratio of 3.43 and a debt-to-equity ratio of 0.16.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 EPS for the quarter, topping the consensus estimate of ($0.87) by $1.98. The company had revenue of $309.45 million for the quarter, compared to analyst estimates of $313.28 million. Telephone and Data Systems had a return on equity of 5.54% and a net margin of 6.15%.The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.09) earnings per share. On average, research analysts predict that Telephone and Data Systems, Inc. will post 0.94 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. Telephone and Data Systems’s payout ratio is presently 30.19%.

About Telephone and Data Systems

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.