Pinnacle Associates Ltd Decreased Telephone & Data Sys Inc (NYSE:TDS) Stake By $16.39 Million

August 12, 2018 - By Margaret Guttierez

Telephone and Data Systems, Inc. (NYSE:TDS) LogoInvestors sentiment decreased to 1.05 in Q1 2018. Its down 0.50, from 1.55 in 2017Q4. It fall, as 18 investors sold TDS shares while 80 reduced holdings. 33 funds opened positions while 70 raised stakes. 89.05 million shares or 0.13% less from 89.16 million shares in 2017Q4 were reported. Vanguard Inc holds 0.01% in Telephone and Data Systems, Inc. (NYSE:TDS) or 9.86M shares. State Of Wisconsin Board holds 0% in Telephone and Data Systems, Inc. (NYSE:TDS) or 19,411 shares. Retirement Of Alabama holds 174,675 shares. Schwab Charles Invest accumulated 673,933 shares. Amer Intl Gp Inc holds 185,011 shares or 0.02% of its portfolio. Credit Suisse Ag holds 0% or 182,859 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.01% in Telephone and Data Systems, Inc. (NYSE:TDS). Earnest Prtn Limited Com owns 0% invested in Telephone and Data Systems, Inc. (NYSE:TDS) for 46 shares. Swiss Bancorp accumulated 171,000 shares or 0.01% of the stock. Ameritas Investment Prtnrs holds 0.06% or 44,689 shares in its portfolio. Gsa Cap Prns Ltd Liability Partnership has 0.06% invested in Telephone and Data Systems, Inc. (NYSE:TDS). California Pub Employees Retirement Sys accumulated 0.01% or 314,227 shares. Public Employees Retirement System Of Ohio has invested 0.01% in Telephone and Data Systems, Inc. (NYSE:TDS). Prudential reported 1.29M shares. San Francisco Sentry Invest Gru (Ca) holds 0.02% in Telephone and Data Systems, Inc. (NYSE:TDS) or 1,975 shares.

Since February 27, 2018, it had 0 buys, and 6 selling transactions for $8.90 million activity. Another trade for 2,573 shares valued at $51,511 was sold by Davis Clarence A. Carlson Prudence E had sold 5,933 shares worth $160,784. Wittwer David A had sold 285,704 shares worth $7.77 million. 28,714 Telephone and Data Systems, Inc. (NYSE:TDS) shares with value of $801,695 were sold by WILLIAMSON SCOTT H.

Pinnacle Associates Ltd decreased its stake in Telephone & Data Sys Inc (NYSE:TDS) by 65.23% based on its latest 2018Q2 regulatory filing with the SEC. Pinnacle Associates Ltd sold 607,112 shares as the company’s stock declined 5.50% with the market. The institutional investor held 323,553 shares of the public utilities company at the end of 2018Q2, valued at $8.87 million, down from 930,665 at the end of the previous reported quarter. Pinnacle Associates Ltd who had been investing in Telephone & Data Sys Inc for a number of months, seems to be less bullish one the $3.36B market cap company. The stock decreased 1.51% or $0.46 during the last trading session, reaching $30. About 959,373 shares traded or 45.59% up from the average. Telephone and Data Systems, Inc. (NYSE:TDS) has declined 8.94% since August 13, 2017 and is downtrending. It has underperformed by 21.51% the S&P500.

Pinnacle Associates Ltd is a New York-based institutional investor with more than $6.31 billion AUM in November, 2014. Taken from Pinnacle Associates latest Adv, the fund reported to have 50 full and part-time employees. Among which 40 performing investment advisory and research functions. The institutional investor had more than 3000 clients.

Telephone and Data Systems, Inc. (NYSE:TDS) Ratings Coverage

Among 3 analysts covering Telephone and Data (NYSE:TDS), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Telephone and Data had 3 analyst reports since May 2, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, August 8 by Citigroup. The rating was upgraded by Raymond James on Wednesday, May 2 to “Outperform”. The stock of Telephone and Data Systems, Inc. (NYSE:TDS) earned “Underweight” rating by JP Morgan on Wednesday, July 11.

Telephone and Data Systems, Inc., a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company has market cap of $3.36 billion. The firm offers cellular services, such as postpaid national plans and prepaid service plans with voice, messaging, and data usage options; and business rate plans. It has a 19.02 P/E ratio. It also offers wireless devices comprising handsets, tablets, mobile hotspots, home phones, and routers; and including accessories, including wireless basics, such as cases, screen protectors, chargers, and memory cards, as well as an assortment of consumer electronics comprising headphones, speakers, wearables, and home automation products.

More important recent Telephone and Data Systems, Inc. (NYSE:TDS) news were published by: Prnewswire.com which released: “TDS and US Cellular to present at 21st Oppenheimer Annual Technology, Internet & Communications Conference” on July 31, 2018, also Seekingalpha.com published article titled: “TDS +3.9% amid wireless beat, cable growth”, Seekingalpha.com published: “Telephone & Data Systems, Inc. (TDS) on Q2 2018 Results – Earnings Call Transcript” on August 03, 2018. More interesting news about Telephone and Data Systems, Inc. (NYSE:TDS) was released by: Prnewswire.com and their article: “TDS reports second quarter 2018 results” with publication date: August 03, 2018.

Telephone and Data Systems, Inc. (NYSE:TDS) Institutional Positions Chart

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