Boothbay Fund Management LLC Takes Position in Telephone and Data Systems, Inc. $TDS

Boothbay Fund Management LLC acquired a new stake in Telephone and Data Systems, Inc. (NYSE:TDS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 263,216 shares of the Wireless communications provider’s stock, valued at approximately $10,792,000. Boothbay Fund Management LLC owned about 0.23% of Telephone and Data Systems as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TDS. Oaktree Capital Management LP bought a new stake in shares of Telephone and Data Systems in the 3rd quarter valued at $144,732,000. Rubric Capital Management LP bought a new stake in shares of Telephone and Data Systems in the 3rd quarter valued at $62,784,000. Davidson Kempner Capital Management LP bought a new stake in shares of Telephone and Data Systems in the 3rd quarter valued at $55,395,000. Norges Bank bought a new stake in shares of Telephone and Data Systems in the 4th quarter valued at $22,208,000. Finally, ThornTree Capital Partners LP bought a new stake in shares of Telephone and Data Systems in the 3rd quarter valued at $20,864,000. 80.00% of the stock is owned by institutional investors.

Telephone and Data Systems Stock Up 0.2%

Telephone and Data Systems stock opened at $39.45 on Thursday. The company has a quick ratio of 3.42, a current ratio of 3.43 and a debt-to-equity ratio of 0.16. Telephone and Data Systems, Inc. has a 12-month low of $32.60 and a 12-month high of $49.12. The firm’s fifty day moving average is $42.45 and its 200 day moving average is $42.68. The company has a market capitalization of $4.49 billion, a PE ratio of 74.43 and a beta of 0.28.

Telephone and Data Systems (NYSE:TDS) last released its earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.87) by $1.98. Telephone and Data Systems had a net margin of 6.15% and a return on equity of 5.54%. The company had revenue of $309.45 million for the quarter, compared to the consensus estimate of $313.28 million. During the same quarter in the previous year, the company earned ($0.09) EPS. Telephone and Data Systems’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that Telephone and Data Systems, Inc. will post 0.94 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, June 16th. Telephone and Data Systems’s payout ratio is presently 30.19%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Citigroup upped their price objective on shares of Telephone and Data Systems from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Raymond James Financial lowered shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research note on Monday, May 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Telephone and Data Systems in a research note on Friday, June 5th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $53.33.

Telephone and Data Systems Profile

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.