3,975 Shares in Telephone & Data Systems, Inc. (TDS) Purchased by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. acquired a new stake in shares of Telephone & Data Systems, Inc. (NYSE:TDS) in the first quarter, Holdings Channel reports. The fund acquired 3,975 shares of the Wireless communications provider’s stock, valued at approximately $122,000.

Other large investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its position in Telephone & Data Systems by 3,122.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,181,853 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 1,145,175 shares during the period. Macquarie Group Ltd. boosted its position in Telephone & Data Systems by 30.8% during the 4th quarter. Macquarie Group Ltd. now owns 1,700 shares of the Wireless communications provider’s stock valued at $55,000 after purchasing an additional 400 shares during the period. Quadrant Capital Group LLC boosted its position in Telephone & Data Systems by 944.9% during the 1st quarter. Quadrant Capital Group LLC now owns 2,351 shares of the Wireless communications provider’s stock valued at $69,000 after purchasing an additional 2,126 shares during the period. Fort L.P. boosted its position in Telephone & Data Systems by 188.8% during the 4th quarter. Fort L.P. now owns 2,238 shares of the Wireless communications provider’s stock valued at $73,000 after purchasing an additional 1,463 shares during the period. Finally, Doyle Wealth Management acquired a new position in Telephone & Data Systems during the 4th quarter valued at approximately $84,000. Institutional investors and hedge funds own 82.03% of the company’s stock.

Shares of TDS stock opened at $30.72 on Thursday. The company has a quick ratio of 2.25, a current ratio of 2.42 and a debt-to-equity ratio of 0.62. Telephone & Data Systems, Inc. has a 1 year low of $24.00 and a 1 year high of $37.29. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 26.26 and a beta of 1.00.

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

A number of research analysts recently issued reports on the company. ValuEngine lowered Telephone & Data Systems from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. TheStreet lowered Telephone & Data Systems from a “b-” rating to a “c+” rating in a research report on Wednesday, May 1st. Finally, Zacks Investment Research lowered Telephone & Data Systems from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the company. Telephone & Data Systems currently has an average rating of “Hold” and an average target price of $38.20.

In other news, SVP Joseph R. Hanley sold 15,867 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $31.42, for a total value of $498,541.14. Following the completion of the sale, the senior vice president now owns 13,768 shares in the company, valued at $432,590.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kenneth R. Meyers sold 40,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $32.30, for a total value of $1,292,000.00. Following the completion of the sale, the insider now owns 32,305 shares of the company’s stock, valued at approximately $1,043,451.50. The disclosure for this sale can be found here. Insiders have sold a total of 60,217 shares of company stock valued at $1,928,668 in the last quarter. 14.33% of the stock is currently owned by insiders.

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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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