Eidelman Virant Capital Lowers stake in Telephone & Data Systems (TDS)

Telephone & Data Systems (TDS) : Eidelman Virant Capital reduced its stake in Telephone & Data Systems by 27.18% during the most recent quarter end. The investment management company now holds a total of 258,050 shares of Telephone & Data Systems which is valued at $7.2 Million after selling 96,300 shares in Telephone & Data Systems , the firm said in a disclosure report filed with the SEC on May 11, 2016.Telephone & Data Systems makes up approximately 5.09% of Eidelman Virant Capital’s portfolio.

Other Hedge Funds, Including , Jefferies Group added TDS to its portfolio by purchasing 20,001 company shares during the most recent quarter which is valued at $555,628. Telephone & Data Systems makes up approx 0.02% of Jefferies Group’s portfolio.Mutual Of America Capital Management boosted its stake in TDS in the latest quarter, The investment management firm added 674 additional shares and now holds a total of 65,172 shares of Telephone & Data Systems which is valued at $1.8 Million. Telephone & Data Systems makes up approx 0.04% of Mutual Of America Capital Management’s portfolio.State Of Wisconsin Investment Board reduced its stake in TDS by selling 2,800 shares or 4.11% in the most recent quarter. The Hedge Fund company now holds 65,270 shares of TDS which is valued at $1.7 Million. Telephone & Data Systems makes up approx 0.01% of State Of Wisconsin Investment Board’s portfolio.Swiss National Bank boosted its stake in TDS in the latest quarter, The investment management firm added 32,000 additional shares and now holds a total of 160,900 shares of Telephone & Data Systems which is valued at $4.3 Million. Telephone & Data Systems makes up approx 0.01% of Swiss National Bank’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.

Telephone & Data Systems opened for trading at $27.79 and hit $28.16 on the upside on Monday, eventually ending the session at $27.92, with a gain of 0.50% or 0.14 points. The heightened volatility saw the trading volume jump to 4,00,365 shares. Company has a market cap of $3,044 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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