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

Telephone & Data Systems (TDS) : Eii Capital Management reduced its stake in Telephone & Data Systems by 21.33% during the most recent quarter end. The investment management company now holds a total of 80,880 shares of Telephone & Data Systems which is valued at $2,491,913 after selling 21,930 shares in Telephone & Data Systems , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Telephone & Data Systems makes up approximately 0.71% of Eii Capital Management’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund reduced its stake in TDS by selling 1,548 shares or 2.9% in the most recent quarter. The Hedge Fund company now holds 51,785 shares of TDS which is valued at $1,595,496. Telephone & Data Systems makes up approx 0.03% of Oregon Public Employees Retirement Fund’s portfolio. Parametrica Management Ltd sold out all of its stake in TDS during the most recent quarter. The investment firm sold 13,940 shares of TDS which is valued $442,595.Capstone Asset Management Co reduced its stake in TDS by selling 640 shares or 3.6% in the most recent quarter. The Hedge Fund company now holds 17,118 shares of TDS which is valued at $534,938. Telephone & Data Systems makes up approx 0.02% of Capstone Asset Management Co’s portfolio.

Telephone & Data Systems closed down -0.85 points or -2.71% at $30.49 with 6,70,164 shares getting traded on Monday. Post opening the session at $31.34, the shares hit an intraday low of $30.44 and an intraday high of $31.41 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

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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