ING Groep NV bought a new position in Telephone and Data Systems, Inc. (NYSE:TDS) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,411 shares of the Wireless communications provider’s stock, valued at approximately $317,000.

A number of other institutional investors have also recently added to or reduced their stakes in TDS. Quadrature Capital Ltd boosted its position in Telephone and Data Systems by 46.1% in the fourth quarter. Quadrature Capital Ltd now owns 12,479 shares of the Wireless communications provider’s stock worth $360,000 after buying an additional 3,935 shares during the period. UBS Asset Management Americas Inc. boosted its position in Telephone and Data Systems by 55.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 164,704 shares of the Wireless communications provider’s stock worth $4,754,000 after buying an additional 58,751 shares during the period. Bank of Montreal Can boosted its position in Telephone and Data Systems by 14.9% in the first quarter. Bank of Montreal Can now owns 8,413 shares of the Wireless communications provider’s stock worth $223,000 after buying an additional 1,091 shares during the period. Capstone Asset Management Co. boosted its position in Telephone and Data Systems by 0.4% in the first quarter. Capstone Asset Management Co. now owns 16,996 shares of the Wireless communications provider’s stock worth $451,000 after buying an additional 70 shares during the period. Finally, Parametrica Management Ltd purchased a new position in Telephone and Data Systems during the first quarter worth about $233,000. Hedge funds and other institutional investors own 80.55% of the company’s stock.

Telephone and Data Systems, Inc. (NYSE:TDS) traded down 1.35% during trading on Thursday, hitting $28.48. 224,658 shares of the stock were exchanged. Telephone and Data Systems, Inc. has a 52 week low of $24.12 and a 52 week high of $32.98. The firm has a market cap of $3.15 billion, a PE ratio of 58.24 and a beta of 1.04. The firm’s 50-day moving average is $28.15 and its 200 day moving average is $27.88.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings results on Friday, August 4th. The Wireless communications provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.04. Telephone and Data Systems had a net margin of 1.09% and a return on equity of 1.15%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the firm posted $0.25 earnings per share. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. Analysts expect that Telephone and Data Systems, Inc. will post $0.44 earnings per share for the current fiscal year.

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TDS has been the subject of a number of research reports. BidaskClub cut Telephone and Data Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research cut Telephone and Data Systems from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Telephone and Data Systems has an average rating of “Hold” and a consensus target price of $35.00.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc is a diversified telecommunications company. The Company is engaged in conducting its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular), as well as providing its wireline services, cable services, and hosted and managed services (HMS), through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).

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Institutional Ownership by Quarter for Telephone and Data Systems (NYSE:TDS)

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