Telephone & Data Systems (TDS) : Rex Capital Advisors added new position in Telephone & Data Systems during the most recent quarter end. The investment management firm now holds 7,500 shares of Telephone & Data Systems which is valued at $208,350 , the company said in a statement filed on May 13, 2016 with the SEC.Telephone & Data Systems makes up approximately 0.21% of Rex Capital Advisors’s portfolio.
Other Hedge Funds, Including , Levin Capital Strategies sold out all of its stake in TDS during the most recent quarter. The investment firm sold 17,428 shares of TDS which is valued $484,150.Nationwide Fund Advisors reduced its stake in TDS by selling 8,458 shares or 1.82% in the most recent quarter. The Hedge Fund company now holds 455,972 shares of TDS which is valued at $12.2 Million. Telephone & Data Systems makes up approx 0.05% of Nationwide Fund Advisors’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. Capital Fund Management S.a. added TDS to its portfolio by purchasing 176,315 company shares during the most recent quarter which is valued at $4.7 Million. Telephone & Data Systems makes up approx 0.08% of Capital Fund Management S.a.’s portfolio.Kames Capital Plc reduced its stake in TDS by selling 2,574 shares or 8.14% in the most recent quarter. The Hedge Fund company now holds 29,049 shares of TDS which is valued at $858,979. Telephone & Data Systems makes up approx 0.03% of Kames Capital Plc’s portfolio.
Telephone & Data Systems opened for trading at $27.87 and hit $28.28 on the upside on Wednesday, eventually ending the session at $28.02, with a gain of 1.26% or 0.35 points. The heightened volatility saw the trading volume jump to 11,69,612 shares. Company has a market cap of $3,055 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.