Nwi Management Lp Lowers stake in Telephone & Data Systems (TDS)

Telephone & Data Systems (TDS) : Nwi Management Lp reduced its stake in Telephone & Data Systems by 14.86% during the most recent quarter end. The investment management company now holds a total of 596,000 shares of Telephone & Data Systems which is valued at $16.6 Million after selling 104,000 shares in Telephone & Data Systems , the firm said in a disclosure report filed with the SEC on May 12, 2016.Telephone & Data Systems makes up approximately 1.40% of Nwi Management Lp’s portfolio.

Other Hedge Funds, Including , Utah Retirement Systems boosted its stake in TDS in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 16,776 shares of Telephone & Data Systems which is valued at $466,037. Telephone & Data Systems makes up approx 0.01% of Utah Retirement Systems’s portfolio.Liberty Mutual Group Asset Management reduced its stake in TDS by selling 21,248 shares or 36.19% in the most recent quarter. The Hedge Fund company now holds 37,458 shares of TDS which is valued at $1 Million. Telephone & Data Systems makes up approx 0.04% of Liberty Mutual Group Asset Management’s portfolio.Gabelli Funds reduced its stake in TDS by selling 50,100 shares or 1.62% in the most recent quarter. The Hedge Fund company now holds 3,047,724 shares of TDS which is valued at $81.6 Million. Telephone & Data Systems makes up approx 0.50% of Gabelli Funds’s portfolio.Retirement Systems Of Alabama boosted its stake in TDS in the latest quarter, The investment management firm added 539 additional shares and now holds a total of 121,900 shares of Telephone & Data Systems which is valued at $3.6 Million. Telephone & Data Systems makes up approx 0.02% of Retirement Systems Of Alabama’s portfolio.

Telephone & Data Systems opened for trading at $27.46 and hit $27.73 on the upside on Friday, eventually ending the session at $27.52, with a gain of 0.66% or 0.18 points. The heightened volatility saw the trading volume jump to 4,02,970 shares. Company has a market cap of $3,001 M.

On the company’s financial health, Telephone & Data Systems reported $0.07 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on May 6, 2016. Analyst had a consensus of $0.15. The company had revenue of $1243.00 million for the quarter, compared to analysts expectations of $1262.84 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.33 EPS.

Telephone and Data Systems Inc. (TDS) is a diversified telecommunications company. The Company is engaged in providing telecommunications services. TDS conducts its Wireless operations through its subsidiary United States Cellular Corporation (U.S. Cellular). TDS provides Wireline services cable services and hosted and managed services through its wholly-owned subsidiary TDS Telecommunications Corporation. U.S. Cellular offers a range of Wireless devices such as handsets modems mobile hotspots home phone and tablets for use by its customers. TDS Telecom operates in three segments: Wireline which provides retail telecommunications services to residential and commercial customers; Cable which provides colocation and managed services and Hosted and Managed Services which offers a suite of information technology (IT) solutions including cloud and hosting solutions managed services enterprise resource planning application management professional services and IT hardware.

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