Breithorn Capital Management Lowers stake in Telephone & Data Systems (TDS)

Telephone & Data Systems (TDS) : Breithorn Capital Management reduced its stake in Telephone & Data Systems by 12.5% during the most recent quarter end. The investment management company now holds a total of 154,710 shares of Telephone & Data Systems which is valued at $4,559,304 after selling 22,100 shares in Telephone & Data Systems , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Telephone & Data Systems makes up approximately 3.31% of Breithorn Capital Management’s portfolio.

Other Hedge Funds, Including , Cantab Capital Partners Llp boosted its stake in TDS in the latest quarter, The investment management firm added 11,849 additional shares and now holds a total of 32,161 shares of Telephone & Data Systems which is valued at $947,785. Telephone & Data Systems makes up approx 0.22% of Cantab Capital Partners Llp’s portfolio.Majedie Asset Management Ltd boosted its stake in TDS in the latest quarter, The investment management firm added 20,836 additional shares and now holds a total of 215,047 shares of Telephone & Data Systems which is valued at $6,337,435. Telephone & Data Systems makes up approx 1.00% of Majedie Asset Management Ltd’s portfolio.Old Mutual Customised Solutions (proprietary) Ltd reduced its stake in TDS by selling 5,300 shares or 57.45% in the most recent quarter. The Hedge Fund company now holds 3,926 shares of TDS which is valued at $115,699. Telephone & Data Systems makes up approx 0.03% of Old Mutual Customised Solutions (proprietary) Ltd’s portfolio.Gabelli Funds reduced its stake in TDS by selling 108,014 shares or 3.54% in the most recent quarter. The Hedge Fund company now holds 2,939,710 shares of TDS which is valued at $92,130,511. Telephone & Data Systems makes up approx 0.55% of Gabelli Funds’s portfolio. Quantitative Investment Management added TDS to its portfolio by purchasing 22,900 company shares during the most recent quarter which is valued at $705,549. Telephone & Data Systems makes up approx 0.03% of Quantitative Investment Management’s portfolio.

Telephone & Data Systems closed down -0.09 points or -0.32% at $27.78 with 6,06,786 shares getting traded on Thursday. Post opening the session at $27.89, the shares hit an intraday low of $27.48 and an intraday high of $27.89 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Telephone & Data Systems reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 5, 2016. Analyst had a consensus of $0.18. The company had revenue of $1283.00 million for the quarter, compared to analysts expectations of $1268.73 million. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Investors should note that on Aug 18, 2016, Telephone & Data Systems announced a cash dividend of $0.1480. The company’s management has announced Sep 14, 2016 as the ex-dividend date and fixed the record date on Sep 16, 2016. The payable date has been fixed on Sep 30, 2016.

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.

Leave a Reply

Telephone & Data Systems - Is it time to Sell?

Top Brokerage Firms are advising their investors on Telephone & Data Systems. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.