Algert Global LLC Has $4.56 Million Stock Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Algert Global LLC grew its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 35.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 220,145 shares of the Wireless communications provider’s stock after buying an additional 57,981 shares during the quarter. Algert Global LLC’s holdings in Telephone and Data Systems were worth $4,564,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TDS. Susquehanna Fundamental Investments LLC increased its holdings in shares of Telephone and Data Systems by 41.8% in the second quarter. Susquehanna Fundamental Investments LLC now owns 65,900 shares of the Wireless communications provider’s stock valued at $1,366,000 after purchasing an additional 19,410 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Telephone and Data Systems by 34.5% in the 2nd quarter. Mackenzie Financial Corp now owns 46,740 shares of the Wireless communications provider’s stock valued at $969,000 after buying an additional 11,978 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Telephone and Data Systems by 4.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,021 shares of the Wireless communications provider’s stock valued at $1,058,000 after buying an additional 1,966 shares during the period. Millennium Management LLC lifted its position in Telephone and Data Systems by 34.0% in the 2nd quarter. Millennium Management LLC now owns 1,950,298 shares of the Wireless communications provider’s stock valued at $40,430,000 after acquiring an additional 495,189 shares in the last quarter. Finally, Empyrean Capital Partners LP lifted its position in Telephone and Data Systems by 44.4% in the 2nd quarter. Empyrean Capital Partners LP now owns 288,800 shares of the Wireless communications provider’s stock valued at $5,987,000 after acquiring an additional 88,800 shares in the last quarter. 80.00% of the stock is owned by institutional investors.

Telephone and Data Systems Trading Up 2.3 %

TDS opened at $24.08 on Monday. The firm’s fifty day simple moving average is $22.00 and its 200 day simple moving average is $19.56. The company has a current ratio of 1.51, a quick ratio of 1.37 and a debt-to-equity ratio of 0.84. Telephone and Data Systems, Inc. has a 12 month low of $13.69 and a 12 month high of $24.92. The stock has a market capitalization of $2.72 billion, a P/E ratio of -4.94 and a beta of 0.81.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results on Friday, August 2nd. The Wireless communications provider reported ($0.13) EPS for the quarter, hitting the consensus estimate of ($0.13). Telephone and Data Systems had a negative net margin of 9.31% and a positive return on equity of 0.73%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the firm posted ($0.17) EPS. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, research analysts anticipate that Telephone and Data Systems, Inc. will post -0.43 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, September 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.66%. Telephone and Data Systems’s dividend payout ratio is presently -3.29%.

Telephone and Data Systems Company Profile

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.