Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 66.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 284,906 shares of the Wireless communications provider's stock after acquiring an additional 113,862 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.25% of Telephone and Data Systems worth $6,624,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in TDS. Blue Trust Inc. raised its holdings in Telephone and Data Systems by 4,082.9% during the 2nd quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider's stock valued at $36,000 after buying an additional 1,674 shares during the last quarter. Quarry LP purchased a new stake in shares of Telephone and Data Systems in the 2nd quarter worth about $40,000. CWM LLC lifted its position in shares of 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 worth $82,000 after purchasing an additional 1,430 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of Telephone and Data Systems in the 2nd quarter worth about $88,000. Finally, Natixis purchased a new stake in shares of Telephone and Data Systems in the 1st quarter worth about $96,000. 80.00% of the stock is currently owned by institutional investors.
NYSE:TDS opened at $34.12 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. Telephone and Data Systems, Inc. has a fifty-two week low of $13.69 and a fifty-two week high of $34.57. The firm has a 50-day simple moving average of $26.82 and a two-hundred day simple moving average of $22.81.
Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.19. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. Telephone and Data Systems's revenue was down 4.2% compared to the same quarter last year. During the same period last year, the business earned ($0.16) EPS. On average, analysts forecast that Telephone and Data Systems, Inc. will post -0.36 EPS for the current fiscal year.
Several research firms have recently commented on TDS. JPMorgan Chase & Co. raised their target price on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Raymond James upgraded shares of Telephone and Data Systems from a "market perform" rating to an "outperform" rating and set a $51.00 price target for the company in a research note on Thursday, November 7th.
Read Our Latest Report on Telephone and Data Systems
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.
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