Fox Run Management L.L.C. Takes Position in Telephone and Data Systems, Inc. $TDS

Fox Run Management L.L.C. acquired a new position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 20,205 shares of the Wireless communications provider’s stock, valued at approximately $828,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Oaktree Capital Management LP acquired a new stake in shares of Telephone and Data Systems during the 3rd quarter worth about $144,732,000. Carronade Capital Management LP increased its position in shares of Telephone and Data Systems by 8.5% during the 3rd quarter. Carronade Capital Management LP now owns 3,680,500 shares of the Wireless communications provider’s stock worth $144,423,000 after purchasing an additional 288,000 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Telephone and Data Systems by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 2,415,553 shares of the Wireless communications provider’s stock worth $99,053,000 after purchasing an additional 66,814 shares during the last quarter. Rubric Capital Management LP acquired a new stake in shares of Telephone and Data Systems during the 3rd quarter worth about $62,784,000. Finally, Davidson Kempner Capital Management LP acquired a new stake in shares of Telephone and Data Systems during the 3rd quarter worth about $55,395,000. 80.00% of the stock is owned by institutional investors and hedge funds.

Telephone and Data Systems Stock Performance

Shares of Telephone and Data Systems stock opened at $39.93 on Thursday. The business has a 50-day moving average of $42.91 and a 200 day moving average of $42.66. Telephone and Data Systems, Inc. has a 12 month low of $32.60 and a 12 month high of $49.12. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 75.33 and a beta of 0.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.43 and a quick ratio of 3.42.

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

Telephone and Data Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, June 16th. Telephone and Data Systems’s dividend payout ratio (DPR) is presently 30.19%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TDS. Weiss Ratings reissued a “hold (c)” rating on shares of Telephone and Data Systems in a research report on Friday, June 5th. Raymond James Financial downgraded Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research report on Monday, May 11th. Wall Street Zen raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Citigroup raised their target price on Telephone and Data Systems from $51.00 to $56.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.