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

August 12, 2018 - By Darrel Chase

Telephone and Data Systems, Inc. (NYSE:TDS) LogoInvestors sentiment decreased to 1.05 in 2018 Q1. Its down 0.50, from 1.55 in 2017Q4. It is negative, 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. Federated Investors Inc Pa owns 67,773 shares. Smith Moore & holds 7,700 shares or 0.06% of its portfolio. 306,670 were accumulated by Deutsche Fincl Bank Ag. Retirement System Of Alabama holds 0.02% or 174,675 shares. Financial Architects Inc, a New Jersey-based fund reported 20 shares. D E Shaw And holds 0% or 36,257 shares in its portfolio. Dimensional Fund Advisors L P invested in 0.09% or 7.88 million shares. Peak6 L P accumulated 0% or 19,068 shares. California State Teachers Retirement Sys accumulated 165,050 shares. First Financial Corporation In owns 240 shares. New York State Teachers Retirement owns 180,393 shares. Aperio Grp Ltd Company owns 37,907 shares. Wellington Mgmt Gp Llp accumulated 330,806 shares or 0% of the stock. State Street holds 0.02% or 8.29M shares in its portfolio. Riverhead Cap Mngmt Ltd Liability has 21,544 shares.

Since February 27, 2018, it had 0 insider purchases, and 6 sales for $8.90 million activity. $801,695 worth of Telephone and Data Systems, Inc. (NYSE:TDS) shares were sold by WILLIAMSON SCOTT H. Another trade for 5,933 shares valued at $160,784 was made by Carlson Prudence E on Wednesday, June 20. $106,640 worth of Telephone and Data Systems, Inc. (NYSE:TDS) shares were sold by SARANOW MITCHELL H. 285,704 shares were sold by Wittwer David A, worth $7.77 million on Tuesday, February 27.

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 $8.87M, 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 $3.36 billion 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 stock of Telephone and Data Systems, Inc. (NYSE:TDS) earned “Outperform” rating by Raymond James on Wednesday, May 2. As per Wednesday, August 8, the company rating was maintained by Citigroup. JP Morgan downgraded the shares of TDS in report on Wednesday, July 11 to “Underweight” rating.

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: Seekingalpha.com which released: “TDS +3.9% amid wireless beat, cable growth” on August 03, 2018, also Prnewswire.com published article titled: “TDS reports second quarter 2018 results”, 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 and US Cellular to present at 21st Oppenheimer Annual Technology, Internet & Communications Conference” with publication date: July 31, 2018.

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

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