8,109 Shares in Telephone & Data Systems, Inc. (TDS) Purchased by Parametrica Management Ltd

Parametrica Management Ltd purchased a new stake in Telephone & Data Systems, Inc. (NYSE:TDS) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,109 shares of the Wireless communications provider’s stock, valued at approximately $249,000.

Other large investors have also made changes to their positions in the company. MetLife Investment Advisors LLC increased its position in shares of Telephone & Data Systems by 0.5% during the fourth quarter. MetLife Investment Advisors LLC now owns 56,689 shares of the Wireless communications provider’s stock worth $1,845,000 after acquiring an additional 308 shares during the period. State of Alaska Department of Revenue increased its holdings in Telephone & Data Systems by 3.3% during the fourth quarter. State of Alaska Department of Revenue now owns 10,502 shares of the Wireless communications provider’s stock valued at $341,000 after buying an additional 332 shares during the period. Metropolitan Life Insurance Co. NY increased its holdings in Telephone & Data Systems by 1.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 26,757 shares of the Wireless communications provider’s stock valued at $871,000 after buying an additional 343 shares during the period. Macquarie Group Ltd. increased its holdings in Telephone & Data Systems by 30.8% during the fourth quarter. Macquarie Group Ltd. now owns 1,700 shares of the Wireless communications provider’s stock valued at $55,000 after buying an additional 400 shares during the period. Finally, Louisiana State Employees Retirement System increased its holdings in Telephone & Data Systems by 1.6% during the first quarter. Louisiana State Employees Retirement System now owns 25,100 shares of the Wireless communications provider’s stock valued at $771,000 after buying an additional 400 shares during the period. 82.32% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Mitchell H. Saranow sold 4,000 shares of Telephone & Data Systems stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $31.75, for a total transaction of $127,000.00. Following the completion of the sale, the director now directly owns 15,074 shares in the company, valued at $478,599.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kenneth R. Meyers sold 40,000 shares of Telephone & Data Systems stock in a transaction on 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 sale, the insider now owns 32,305 shares of the company’s stock, valued at $1,043,451.50. The disclosure for this sale can be found here. Insiders sold 44,350 shares of company stock worth $1,430,127 over the last ninety days. Corporate insiders own 14.33% of the company’s stock.

NYSE TDS opened at $30.87 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.25 and a current ratio of 2.42. Telephone & Data Systems, Inc. has a 12-month low of $24.00 and a 12-month high of $37.29. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 26.38 and a beta of 1.00.

Telephone & Data Systems (NYSE:TDS) last released its quarterly earnings results on Thursday, May 2nd. The Wireless communications provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.14. Telephone & Data Systems had a net margin of 3.00% and a return on equity of 2.92%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. Sell-side analysts anticipate that Telephone & Data Systems, Inc. will post 1.03 EPS for the current year.

Several brokerages recently issued reports on TDS. Zacks Investment Research lowered shares of Telephone & Data Systems from a “buy” rating to a “hold” rating in a report on Saturday, February 2nd. TheStreet lowered shares of Telephone & Data Systems from a “b-” rating to a “c+” rating in a report on Wednesday, May 1st. Finally, ValuEngine raised shares of Telephone & Data Systems from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $38.20.

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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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