Natixis Advisors LLC Buys 13,385 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Natixis Advisors LLC boosted its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 23.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,818 shares of the Wireless communications provider’s stock after acquiring an additional 13,385 shares during the period. Natixis Advisors LLC owned approximately 0.06% of Telephone and Data Systems worth $1,624,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC bought a new stake in shares of Telephone and Data Systems during the third quarter valued at approximately $211,000. Aigen Investment Management LP increased its holdings in Telephone and Data Systems by 5.3% in the 3rd quarter. Aigen Investment Management LP now owns 13,589 shares of the Wireless communications provider’s stock valued at $316,000 after buying an additional 685 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Telephone and Data Systems in the 3rd quarter valued at $1,308,000. Consolidated Planning Corp lifted its holdings in shares of Telephone and Data Systems by 38.6% during the 3rd quarter. Consolidated Planning Corp now owns 28,453 shares of the Wireless communications provider’s stock worth $662,000 after acquiring an additional 7,918 shares during the period. Finally, Innealta Capital LLC lifted its holdings in shares of Telephone and Data Systems by 8.0% during the 3rd quarter. Innealta Capital LLC now owns 11,313 shares of the Wireless communications provider’s stock worth $263,000 after acquiring an additional 835 shares during the period. Institutional investors and hedge funds own 80.00% of the company’s stock.

Telephone and Data Systems Trading Down 2.0 %

Shares of Telephone and Data Systems stock opened at $33.36 on Tuesday. The stock has a market capitalization of $3.77 billion, a P/E ratio of -6.18 and a beta of 0.77. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. The company has a 50-day simple moving average of $27.22 and a 200 day simple moving average of $23.14. Telephone and Data Systems, Inc. has a 12-month low of $13.69 and a 12-month high of $34.57.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.19. The firm had revenue of $1.22 billion for 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 company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.16) earnings per share. Research analysts expect that Telephone and Data Systems, Inc. will post -0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Telephone and Data Systems 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.