Squarepoint Ops LLC Sells 38,594 Shares of Telephone & Data Systems, Inc. (TDS)

Squarepoint Ops LLC lessened its holdings in Telephone & Data Systems, Inc. (NYSE:TDS) by 35.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,973 shares of the Wireless communications provider’s stock after selling 38,594 shares during the period. Squarepoint Ops LLC owned about 0.06% of Telephone & Data Systems worth $2,244,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in shares of Telephone & Data Systems by 77.1% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 64,100 shares of the Wireless communications provider’s stock worth $2,086,000 after acquiring an additional 27,900 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Telephone & Data Systems by 157.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 429,041 shares of the Wireless communications provider’s stock worth $13,961,000 after acquiring an additional 262,641 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of Telephone & Data Systems by 49.0% during the fourth quarter. Two Sigma Advisers LP now owns 392,029 shares of the Wireless communications provider’s stock worth $12,757,000 after acquiring an additional 129,003 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of Telephone & Data Systems by 184.1% during the fourth quarter. Two Sigma Investments LP now owns 388,556 shares of the Wireless communications provider’s stock worth $12,644,000 after acquiring an additional 251,805 shares in the last quarter. Finally, Stone Ridge Asset Management LLC raised its holdings in shares of Telephone & Data Systems by 22.0% during the fourth quarter. Stone Ridge Asset Management LLC now owns 85,470 shares of the Wireless communications provider’s stock worth $2,781,000 after acquiring an additional 15,407 shares in the last quarter. 83.36% of the stock is owned by institutional investors and hedge funds.

NYSE TDS traded up $0.60 during trading on Friday, hitting $31.40. 802,215 shares of the company traded hands, compared to its average volume of 567,884. Telephone & Data Systems, Inc. has a 12 month low of $24.00 and a 12 month high of $37.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.65 and a quick ratio of 2.48. The firm has a market cap of $3.57 billion, a P/E ratio of 26.84 and a beta of 1.00.

Telephone & Data Systems (NYSE:TDS) last posted its earnings results on Friday, February 22nd. The Wireless communications provider reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). Telephone & Data Systems had a net margin of 2.62% and a return on equity of 2.57%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the business earned $0.05 earnings per share. Telephone & Data Systems’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities analysts expect that Telephone & Data Systems, Inc. will post 1.05 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.165 per share. This is a positive change from Telephone & Data Systems’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 2.10%. The ex-dividend date was Thursday, March 14th. Telephone & Data Systems’s dividend payout ratio (DPR) is 56.41%.

TDS has been the subject of several recent research reports. ValuEngine lowered Telephone & Data Systems from a “buy” rating to a “hold” rating in a report on Saturday, March 30th. Zacks Investment Research lowered Telephone & Data Systems from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $38.20.

In other Telephone & Data Systems news, insider Kenneth R. Meyers sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $32.30, for a total transaction of $1,292,000.00. Following the transaction, the insider now directly owns 32,305 shares in the company, valued at $1,043,451.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mitchell H. Saranow sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $31.75, for a total value of $127,000.00. Following the transaction, the director now owns 15,074 shares in the company, valued at $478,599.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,350 shares of company stock worth $1,430,127. Corporate insiders own 16.27% of the company’s stock.

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Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.

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Institutional Ownership by Quarter for Telephone & Data Systems (NYSE:TDS)

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