Rex Capital Advisors Exits Position in Telephone & Data Systems (TDS)

Telephone & Data Systems (TDS) : Rex Capital Advisors has sold out all of its stake in Telephone & Data Systems during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 7,500 shares of Telephone & Data Systems which is valued at $191,775.

Other Hedge Funds, Including , Brandywine Global Investment Management reduced its stake in TDS by selling 6,300 shares or 1.44% in the most recent quarter. The Hedge Fund company now holds 432,092 shares of TDS which is valued at $11,048,592. Telephone & Data Systems makes up approx 0.07% of Brandywine Global Investment Management’s portfolio.Sg Americas Securities reduced its stake in TDS by selling 2,690 shares or 7.56% in the most recent quarter. The Hedge Fund company now holds 32,877 shares of TDS which is valued at $851,514. Telephone & Data Systems makes up approx 0.01% of Sg Americas Securities’s portfolio.First Trust Advisors Lp boosted its stake in TDS in the latest quarter, The investment management firm added 5,524 additional shares and now holds a total of 2,723,156 shares of Telephone & Data Systems which is valued at $68,187,826. Telephone & Data Systems makes up approx 0.21% of First Trust Advisors Lp’s portfolio.Advisors Asset Management boosted its stake in TDS in the latest quarter, The investment management firm added 136 additional shares and now holds a total of 22,833 shares of Telephone & Data Systems which is valued at $586,123. Telephone & Data Systems makes up approx 0.01% of Advisors Asset Management’s portfolio.First Manhattan Co reduced its stake in TDS by selling 200 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 107,320 shares of TDS which is valued at $2,890,128. Telephone & Data Systems makes up approx 0.02% of First Manhattan Co’s portfolio.

Telephone & Data Systems opened for trading at $25.92 and hit $26.25 on the upside on Monday, eventually ending the session at $26.07, with a gain of 0.58% or 0.15 points. The heightened volatility saw the trading volume jump to 5,65,044 shares. Company has a market cap of $2,866 M.

On the company’s financial health, Telephone & Data Systems reported $0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Nov 4, 2016. Analyst had a consensus of $0.22. The company had revenue of $1301.00 million for the quarter, compared to analysts expectations of $1323.51 million. The company’s revenue was down -5.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.46 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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