TCW Group Inc. Buys 11,000 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

TCW Group Inc. grew its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 4.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 260,153 shares of the Wireless communications provider’s stock after acquiring an additional 11,000 shares during the period. TCW Group Inc.’s holdings in Telephone and Data Systems were worth $4,774,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Principal Securities Inc. bought a new stake in Telephone and Data Systems in the 4th quarter valued at about $25,000. Anchor Investment Management LLC bought a new position in Telephone and Data Systems during the fourth quarter worth about $46,000. GAMMA Investing LLC purchased a new position in shares of Telephone and Data Systems in the fourth quarter worth about $93,000. Quadrant Capital Group LLC raised its position in shares of Telephone and Data Systems by 14.0% in the fourth quarter. Quadrant Capital Group LLC now owns 5,062 shares of the Wireless communications provider’s stock valued at $93,000 after purchasing an additional 622 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in shares of Telephone and Data Systems in the third quarter valued at approximately $109,000. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Analyst Upgrades and Downgrades

TDS has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Telephone and Data Systems from $38.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, May 13th. StockNews.com raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Monday, May 6th.

Telephone and Data Systems Price Performance

Shares of TDS traded down $0.07 during midday trading on Friday, hitting $18.77. 685,613 shares of the company traded hands, compared to its average volume of 1,542,685. Telephone and Data Systems, Inc. has a one year low of $6.43 and a one year high of $21.75. The firm has a market cap of $2.12 billion, a P/E ratio of -3.85 and a beta of 0.81. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.58 and a quick ratio of 1.40. The stock has a 50-day moving average of $16.70 and a 200-day moving average of $17.46.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings data on Friday, May 3rd. The Wireless communications provider reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.15. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Telephone and Data Systems had a negative net margin of 9.36% and a positive return on equity of 0.62%. Telephone and Data Systems’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.08) earnings per share. As a group, sell-side analysts predict that Telephone and Data Systems, Inc. will post -0.48 EPS for the current fiscal year.

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.