Telephone and Data Systems, Inc. (NYSE:TDS) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,806 shares of the Wireless communications provider’s stock after selling 1,352 shares during the period. Amalgamated Bank’s holdings in Telephone and Data Systems were worth $670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of TDS. Blue Trust Inc. boosted its stake in Telephone and Data Systems by 4,082.9% in the second quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 1,674 shares in the last quarter. Quarry LP acquired a new position in Telephone and Data Systems in the second quarter valued at $40,000. CWM LLC boosted its stake in Telephone and Data Systems by 57.0% in the second quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider’s stock valued at $82,000 after acquiring an additional 1,430 shares in the last quarter. Neo Ivy Capital Management acquired a new position in Telephone and Data Systems in the second quarter valued at $88,000. Finally, Natixis acquired a new position in Telephone and Data Systems in the first quarter valued at $96,000. Institutional investors and hedge funds own 80.00% of the company’s stock.

Telephone and Data Systems Price Performance

Shares of NYSE:TDS opened at $31.17 on Friday. The company has a 50-day simple moving average of $25.92 and a 200-day simple moving average of $22.25. Telephone and Data Systems, Inc. has a one year low of $13.69 and a one year high of $34.57. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of -5.71 and a beta of 0.77.

Telephone and Data Systems (NYSE:TDS) last announced its earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 EPS 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 analysts’ expectations 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%. The business’s revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.16) earnings per share. On average, analysts predict that Telephone and Data Systems, Inc. will post -0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Raymond James upgraded shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their target price on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, November 4th.

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.