TDS Telephone and Data Systems Inc.
XNYS 33.37 DelayedStock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
TDS
$33.37
—
What changed
Recent filings, trades and movesKey stats
$33.37
- 52-Week Range
- $30.71 – $49.12
- YTD
- -18.70%
- IV Rank (30D)
- 75.01
- Straddle Price
- $4.38
- P/C Vol Ratio
- 0.82
- Market Cap
- $3.8B
- Open
- $33.32
- Day Range
- $32.35 – $33.77
- Volume
- 865,251
- Prev Close
- $32.87
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.90% |
| Beta vs SPY | 0.83 |
| Cost of Equity (CAPM) | 9.06% (VRP-adj) |
| WACC | 8.72% |
| Volatility Risk Premium | +23.4pp (IV − HV30) |
| Effective Tax Rate | 2.2% |
| Rev. Growth (YoY, DCF input) | -10.0% |
| DCF Horizon | 10 years explicit + fade |
| Free Cash Flow (TTM) | $-0.3B |
| Return on Equity (TTM) | 6.7% |
| Book / Price | 137.3% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 59.1% |
| FCF Margin (TTM) | -14.8% |
| Debt / Equity | 0.13 |
| Quality Score | 2/6 — normal (10y DCF) |
| SMA 50 | $35.31 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $34.45 |
| Bollinger Width / SMA20 | 12.1% (drives anchor stability) |
| Net Debt | $-0.7B |
| Market Cap | $4B |
Peers used for multiples: ATEX, ATNI, CXDO, SHEN, T, VZ
(SIC-code peers; ETF co-membership was sector-incoherent)
60-Day Conviction
30%
20-Day Fair Value
≈ by Dec 8, 2026
$33.45
α -0.0%
rank 28%
conviction
1%
40-Day Fair Value
≈ by Jan 6, 2027
$34.06
α +1.8%
rank 26%
conviction
59%
60-Day Fair Value
≈ by Feb 4, 2027
$33.82
α +1.1%
rank 31%
conviction
30%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | $6.29 | 8% | median 11.6× · 5 peers |
| Peer EV/EBITDA | $19.84 | 8% | median 7.3× · 5 peers |
| Peer P/B | $71.74 | 8% | median 1.6× · 6 peers |
| Peer P/S | $25.80 | 8% | median 1.4× · 6 peers |
| Market Anchor (SMA50) | $35.31 | 45% | stability 89% (BB-width) |
| Options Expected (B-L 30d) | $32.43 | 25% | 23 strikes · skew -0.78 |
As of 2026-11-09 · updated
Related
About
- Industry (SIC)
- TELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE) (4813) · industry map
- Exchange
- XNYS
- Market Cap
- $3.8B
- Employees
- 4,000
- List Date
- 1981-12-15
- CIK
- 0001051512
- Last Earnings
- Nov 6 before open · +1.6% vs ±12.3% expected
- Next Earnings
- ~Feb 19, 2027 (estimated)
- Headquarters
- Chicago, IL
- Homepage
- https://www.tdsinc.com
Telephone and Data Systems Inc is a diversified telecommunications operator that provides communications services to customers through broadband, video, voice, and wireless connections. The company has two reportable segments: TDS Telecom and Array. The majority of its revenue is generated from the TDS Telecom segment, which generates revenue by providing broadband, video, voice, and wireless services. The Array segment generates its revenue mainly by leasing tower space on Array-owned towers to customers.
Summary
—
composite
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No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.05% | -3.84% | 21.44% | 5.78% | 2.52% | 9.94% | 5.98% |
| Feb | -6.09% | -13.12% | -8.31% | -20.31% | 2.56% | -1.43% | -7.78% |
| Mar | 27.13% | 9.70% | -13.21% | 3.96% | 9.87% | -5.71% | 5.29% |
| Apr | -1.16% | -6.96% | -5.30% | -0.13% | -4.36% | 2.08% | -2.64% |
| May | 9.59% | -3.95% | -33.13% | 25.49% | -8.71% | -14.01% | -4.12% |
| Jun | -13.15% | -8.83% | 24.70% | -7.99% | 3.07% | -6.14% | -1.39% |
| Jul | -1.76% | -1.56% | -6.31% | 2.37% | 8.84% | -8.92% | -1.22% |
| Aug | 0.79% | 0.81% | 171.00% | 11.89% | 5.42% | -2.12% | 31.30% |
| Sep | -4.22% | -14.93% | -14.48% | -5.64% | -0.58% | 0.89% | -6.49% |
| Oct | -4.87% | 16.52% | 5.08% | 27.08% | -1.47% | -2.56% | 6.63% |
| Nov | -10.71% | -37.60% | 6.26% | 24.38% | 1.72% | -7.17%* | -3.85% |
| Dec | 16.74% | 0.87% | -13.12% | 0.89% | 3.74% | -- | 1.82% |
| Total | 5.67% | -53.77% | 60.75% | 74.17% | 23.30% | -31.51% | 13.10% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $34.38
SMA 50: $35.31
SMA 200: $39.30
Current: $33.46
EMA 12: $34.25
EMA 26: $34.55
MACD: -0.3053 | Signal: -0.1367
BEARISH
ADX (14): 22.86
WEAK TREND
+DI: 15.46
−DI: 29.88
Momentum Oscillators
RSI (14): 44.76
NEUTRAL
Stoch %K: 34.22
Stoch %D: 48.33
Williams %R: -56.96
Volume & Volatility
BB Upper: $36.51
BB Lower: $32.26
NEUTRAL
OBV: 10,007,116
Vol SMA 20: 1,909,122
Vol ROC: -56.60%
ATR: $1.82
True Range: $1.41
HV 20: 53.0%
HV 30: 47.5%
HV 60: 40.9%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-08T00:00:00 – 2026-11-06T00:00:00
AI Analysis
Written before TDS’s Nov 6 earnings report, so it doesn’t reflect the results.
Here is my structured report in response to the LLM Stock Analysis Prompt Template:
Executive Summary
Overall assessment: BEARISH with confidence level 6/10. Key drivers: Weak technical signals, negative news sentiment, and high options market expectations for volatility. Primary risks: Potential breakdown below $33.73 support, further decline due to weak momentum and oversold conditions.
Two-sentence investment thesis:
TDS is a telecommunications company that has struggled with declining revenue and increasing competition, leading to a bearish trend. As the stock approaches its lower Bollinger Band, there is potential for further downside movement unless strong positive news or technical signals emerge.
Recent news sentiment impact: The recent negative news headlines have added to the bearish momentum, with Diameter Capital's sale of TDS shares and Johnson Fistel's investigation into the company weighing on investor sentiment.
Technical Analysis
Trend direction: Short-term (1-4 weeks): BEARISH Medium-term (1-3 months): BEARISH Long-term (3-12 months): NEUTRAL
Support/Resistance levels: $33.73 (lower Bollinger Band), $37.59 (SMA 20), and $41.45 (upper Bollinger Band)
Momentum signals: RSI interpretation: Oversold (22.39) MACD signal: Bearish (histogram -1.27) Bollinger Bands position: Squeeze
Volume analysis: Volume trends: Decreasing Institutional interest signals: Low volume and open interest in options contracts
News & Sentiment Analysis
Recent headlines summary: Negative news sentiment has dominated, with Diameter Capital's sale of shares and Johnson Fistel's investigation weighing on investor sentiment.
Sentiment assessment: NEGATIVE (aggregate sentiment)
Catalyst identification: None immediate; medium-term catalysts include potential earnings beats or regulatory changes
Market narrative: Technical signals are bearish, and the recent news headlines have added to the negative momentum.
Risk & Volatility Assessment
Risk interpretation: LOW RISK (beta 0.53) Volatility regime: LOW VOLATILITY (stock volatility 0.26)
Options market signals: IV rank: MEDIUM (32.0%) Put/call ratios: 0.01 (Bullish sentiment) Unusual activity: High volume of calls vs puts
Downside protection: Support levels and risk management considerations should focus on the lower Bollinger Band ($33.73) and SMA 20 ($37.59)
Market Context & Positioning
Sector performance: Telecommunications sector has underperformed the broader market recently.
Institutional activity: Low volume and open interest in options contracts suggest limited institutional interest.
Correlation analysis: The stock's correlation with the S&P 500 is low (0.25), indicating it may be a good candidate for diversification.
Relative valuation: TDS is trading near its lower Bollinger Band, which could indicate an oversold condition.
Key Levels & Action Items
Critical price levels: $33.73 (lower Bollinger Band) and $37.59 (SMA 20)
Breakout/breakdown levels: None immediate; medium-term catalysts include potential earnings beats or regulatory changes
Time-sensitive catalysts: Earnings dates, FDA approvals, product launches
Risk management: Stop-loss levels should be set at the lower Bollinger Band ($33.73) and SMA 20 ($37.59); position sizing considerations should focus on risk-reward ratios.
Please note that this report provides an objective analysis of the given data and does not offer buy or sell recommendations.
Generated
News
All TDS news →
Fiber gains accelerate while legacy declines weigh on updated guidance.
Earnings History
18 of 22 under expected move
Avg Expected Move
11.99%
Avg Actual Move
8.34%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-18 | Pre-Market | 8.24% | 0.98% | 0.12x | Within |
| 2021-05-06 | Pre-Market | 3.11% | 3.57% | 1.15x | Exceeded |
| 2021-08-05 | Pre-Market | 7.68% | 0.88% | 0.11x | Within |
| 2021-11-04 | Pre-Market | 6.84% | 1.20% | 0.18x | Within |
| 2022-02-17 | Pre-Market | 13.40% | 1.91% | 0.14x | Within |
| 2022-08-04 | Pre-Market | 37.73% | 2.98% | 0.08x | Within |
| 2023-02-16 | Pre-Market | 1.37% | 4.63% | 3.38x | Exceeded |
| 2023-05-04 | Pre-Market | 13.77% | 1.27% | 0.09x | Within |
| 2023-08-04 | Pre-Market | 18.35% | 87.85% | 4.79x | Exceeded |
| 2023-11-03 | Pre-Market | 18.22% | 2.15% | 0.12x | Within |
| 2024-02-16 | Pre-Market | 13.45% | 23.86% | 1.77x | Exceeded |
| 2024-05-03 | Pre-Market | 20.54% | 11.41% | 0.56x | Within |
| 2024-08-02 | Pre-Market | 10.54% | 5.21% | 0.49x | Within |
| 2024-11-01 | Pre-Market | 12.35% | 7.63% | 0.62x | Within |
| 2025-02-21 | Pre-Market | 7.44% | 4.24% | 0.57x | Within |
| 2025-05-02 | Pre-Market | 9.96% | 8.85% | 0.89x | Within |
| 2025-08-11 | Pre-Market | 10.19% | 0.15% | 0.01x | Within |
| 2025-11-07 | Pre-Market | 11.43% | 2.08% | 0.18x | Within |
| 2026-02-20 | Pre-Market | 9.55% | 0.55% | 0.06x | Within |
| 2026-05-08 | Pre-Market | 8.13% | 2.13% | 0.26x | Within |
| 2026-08-07 | Pre-Market | 9.17% | 8.39% | 0.91x | Within |
| 2026-11-06 | Pre-Market | 12.28% | 1.58% | 0.13x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
TDS Options Activity & IV Rank
TDS IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 51.3%
7-DTE IV: 58.2%
Expected Move: $4.38
7-DTE Move: $2.47
Days to Exp: 39 (2026-12-18)
Options Flow · All expiries
Call Volume: 3,456
Put Volume: 2,849
P/C Volume: 0.824
NEUTRAL
Call OI: 20,182
Put OI: 15,663
P/C OI: 0.776
Total OI: 35,845
ATM Options Pricing
ATM Call: $2.25
ATM Put: $2.12
Call %: 6.7%
Put %: 6.4%
Chain Summary
Chain Volume: 6,305
Chain OI: 35,845
Last Updated: 11/9/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 1st percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
1%
vs own history
GEX tilt
-0.59
OI-weighted, today
Vanna tilt
+0.86
δ-sensitivity to IV
Charm tilt
-0.92
δ-decay vs time
Vanna tilt +0.86: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.92: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 18 ATM contracts, 10k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
No data
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)33.7MediumNov 9
IV Rank (30 DTE)75.0HighNov 9
Straddle Price (30 DTE)$4.38Nov 9
Beta Analysis
Risk Metrics
Beta: 0.6547
Alpha: -14.78%
Correlation: 0.2778
R-Squared: 7.7%
Stock Volatility: 32.5%
Market Volatility: 13.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own TDS
6 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Third Point Activist Dan Loeb | $232.2M | #6 of 43 | -4.9% | 13F | |
| Oaktree Capital Asset manager Howard Marks | $195.5M | #6 of 130 | +23.1% | 13F | |
| Point72 Hedge fund Steve Cohen | $18.2M | #609 of 1945 | -16.3% | 13F | |
| Citadel Hedge fund Ken Griffin | $11.3M | #1500 of 6285 | -20.1% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $324K | #3325 of 3716 | -95.2% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $9K | #4062 of 4729 | +100.0% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
TDS Institutional Ownership (13F)
Filings for 2026-06-30 · 133 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 117,264,500 (as of 2026-03-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
10 filers$27.92M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Knighthead Capital Management, LLC | $7.42M | 26.57% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $5.24M | 18.76% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $5.07M | 18.16% | 2026-06-30 |
| 4 | Deutsche Bank AG Custodian | $3.39M | 12.15% | 2026-09-30 |
| 5 | Jane Street Group, LLC Custodian | $3.14M | 11.24% | 2026-06-30 |
| 6 | IMC-Chicago, LLC Custodian | $2.17M | 7.78% | 2026-09-30 |
| 7 | GROUP ONE TRADING LLC Custodian | $847.53K | 3.04% | 2026-06-30 |
| 8 | J. Goldman & Co LP | $425.62K | 1.52% | 2026-06-30 |
| 9 | Simplex Trading, LLC Custodian | $162.82K | 0.58% | 2026-09-30 |
| 10 | Walleye Trading LLC | $55.52K | 0.20% | 2026-06-30 |
5 filers$1.84M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | IMC-Chicago, LLC Custodian | $1.37M | 74.52% | 2026-09-30 |
| 2 | Susquehanna International Group, LLP Custodian | $359.00K | 19.47% | 2026-06-30 |
| 3 | GROUP ONE TRADING LLC Custodian | $103.63K | 5.62% | 2026-06-30 |
| 4 | Walleye Trading LLC | $3.70K | 0.20% | 2026-06-30 |
| 5 | Simplex Trading, LLC Custodian | $3.39K | 0.18% | 2026-09-30 |
TDS Insider Trading (Form 4)
Latest: 2026-09-17Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-17 | Leroy T Carlson Jr | Vice Chair | Gift (G) | −227,190 | — | EDGAR | |
| 2026-09-15 | Leroy T Carlson Jr | Vice Chair | Mixed Exer +77,100 · Sell −77,100 |
— | $28.80 | -$1.49M | EDGAR |
| 2026-09-08 | Anthony J Carlson | President of Array | Gift (G) | +1,022 | — | EDGAR | |
| 2026-09-08 | Leroy T Carlson Jr | Vice Chair | Gift (G) | −4,599 | — | EDGAR | |
| 2026-06-15 | Vicki L Villacrez | Executive Vice President & CFO | Mixed Tax −4,780 · Exer +10,170 |
+5,390 | $40.03 | $215.8K | EDGAR |
| 2026-06-15 | Anita J Kroll | VP, Controller & CAO | Mixed Exer +2,716 · Tax −1,277 |
+1,439 | $40.03 | $57.6K | EDGAR |
| 2026-06-15 | Leroy T Carlson Jr | Vice Chair | Mixed Exer +45,135 · Tax −18,935 |
+26,200 | $40.03 | $1.05M | EDGAR |
| 2026-06-10 | Kenneth S. Dixon | President & CEO, subsidiary | Mixed Exer +4,653 · Tax −1,489 |
+3,164 | $39.33 | $124.4K | EDGAR |
| 2026-05-26 | Christopher D OLeary | Director | Award (A) | +2,905 | $41.20 | $119.7K | EDGAR |
| 2026-05-26 | Kimberly D Dixon | Director | Award (A) | +2,905 | $41.20 | $119.7K | EDGAR |
| 2026-05-26 | Prudence E Carlson | Director | Award (A) | +2,905 | $41.20 | $119.7K | EDGAR |
| 2026-05-26 | Dirk S Woessner | Director | Mixed Tax −228 · Grant +2,905 |
+2,677 | $41.20 | $110.3K | EDGAR |
| 2026-05-26 | Letitia G C Carlson | Director | Award (A) | +2,905 | $41.20 | $119.7K | EDGAR |
| 2026-05-26 | Joseph R Hanley | SVP-Strategy & Corp Dev | Mixed Tax −1,447 · Exer +3,265 |
+1,818 | $41.20 | $74.9K | EDGAR |
| 2026-05-26 | George W Off | Director | Award (A) | +2,905 | $41.20 | $119.7K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
TDS Insider Holdings
16 insiders · @ $33.46
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Walter Cd Carlson | President and CEO | 2,325,162 | $77.80M | $0 | 18 | 2026-05-26 |
| 2 | Letitia G C Carlson | Director | 2,116,487 | $70.82M | $0 | 18 | 2026-05-26 |
| 3 | Prudence E Carlson | Director | 1,943,503 | $65.03M | -$1.39M | 31 | 2026-05-26 |
| 4 | Leroy T Carlson Jr | Vice Chair | 393,170 | $13.16M | -$7.23M | 80 | 2026-09-17 |
| 5 | James W Butman | President & CEO of subsidiary | 311,413 | $10.42M | -$4.01M | 22 | 2025-05-22 |
| 6 | Joseph R Hanley | SVP-Strategy & Corp Dev | 115,410 | $3.86M | -$6.63M | 49 | 2026-05-26 |
| 7 | Anthony J Carlson | President of Array | 104,601 | $3.50M | $0 | 5 | 2026-09-08 |
| 8 | George W Off | Director | 78,807 | $2.64M | $0 | 17 | 2026-05-26 |
| 9 | Vicki L Villacrez | Executive Vice President & CFO | 77,205 | $2.58M | -$6.15M | 19 | 2026-06-15 |
| 10 | Christopher D OLeary | Director | 48,088 | $1.61M | -$990.2K | 18 | 2026-05-26 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
TDS Board & Officers
As of SEC filings through Sep 17, 2026Directors 13
- George W Off · on file since 2006
- Letitia G C Carlson · on file since 2006
- Walter Cd Carlson · on file since 2006
- Leroy T Carlson Jr · on file since 2006
- Christopher D OLeary · since Sep 12, 2006
- Prudence E Carlson · since May 22, 2008
- Kimberly D Dixon · since May 25, 2017
- James W Butman · listed since May 2018
- Wade Oosterman · since May 23, 2019
- Dirk S Woessner · since May 19, 2022
- Napoleon B Rutledge JR · since Dec 1, 2024
- Vicki L Villacrez · listed since Mar 2025
- Kenneth S. Dixon · since Jun 9, 2025
Officers 7
- Walter Cd Carlson · President and CEO · listed since May 2025
- Kenneth S. Dixon · President & CEO, subsidiary · since Jun 9, 2025
- Vicki L Villacrez · Executive Vice President & CFO · since May 24, 2022
- Douglas W Chambers · President of a Subsidiary · listed since Aug 2025
- Anthony J Carlson · President of Array · listed since Feb 2026
- Anita J Kroll · VP, Controller & CAO · since Jun 24, 2019
- Leroy T Carlson Jr · Vice Chair · listed since Mar 2025
Changes in the last 10 years (31)
| Mar 10, 2026 | The company announced the departure of Joseph R Hanley as SVP-Strategy & Corp Dev in an SEC filing |
| Feb 27, 2026 | Anthony J Carlson first listed as President of Array in an SEC filing |
| Aug 7, 2025 | Douglas W Chambers listed as President of a Subsidiary (previously Senior VP-Finance & CAO) in SEC filings |
| Jun 9, 2025 | Kenneth S. Dixon became a director |
| Jun 9, 2025 | Kenneth S. Dixon became President & CEO, subsidiary |
| Jun 4, 2025 | The company announced the departure of James W Butman as President & CEO of subsidiary in an SEC filing |
| May 22, 2025 | Walter Cd Carlson first listed as President and CEO in an SEC filing |
| Mar 13, 2025 | Vicki L Villacrez first listed as a director in an SEC filing |
| Mar 10, 2025 | Leroy T Carlson Jr listed as Vice Chair (previously President and CEO) in SEC filings |
| Dec 1, 2024 | Napoleon B Rutledge JR became a director |
| May 24, 2022 | Vicki L Villacrez became Executive Vice President & CFO |
| May 23, 2022 | Joseph R Hanley listed as SVP-Strategy & Corp Dev (previously SVP-Technology, Srvs & Strateg) in SEC filings |
| May 19, 2022 | Dirk S Woessner became a director |
| Jan 3, 2022 | The company announced the departure of Gary L Sugarman from the board in an SEC filing |
| Jul 1, 2020 | Laurent C Therivel became a director |
| Jul 1, 2020 | Laurent C Therivel became President of a Subsidiary |
| Jun 24, 2019 | Anita J Kroll became VP, Controller & CAO |
| May 23, 2019 | Wade Oosterman became a director |
| Feb 21, 2019 | Joseph R Hanley listed as SVP-Technology, Srvs & Strateg (previously Sr VP Tech., Services Strategy) in SEC filings |
| Nov 14, 2018 | Peter L Sereda listed as Senior VP-Finance (previously Senior VP-Finance & Treasurer) in SEC filings |
| Aug 8, 2018 | Kenneth R Meyers first listed as President of a subsidiary in an SEC filing |
| May 24, 2018 | Joseph R Hanley listed as Sr VP Tech., Services Strategy (previously VP-Technology Planning Service) in SEC filings |
| May 24, 2018 | James W Butman first listed as a director in an SEC filing |
| May 18, 2018 | Douglas W Chambers became Senior VP-Finance & CAO |
| May 15, 2018 | Peter L Sereda listed as Senior VP-Finance & Treasurer (previously Sr VP & Treasurer) in SEC filings |
| Mar 1, 2018 | David A Wittwer no longer listed as President of a subsidiary in SEC filings |
| Jan 1, 2018 | James W Butman became President & CEO of subsidiary |
| May 25, 2017 | Kimberly D Dixon became a director |
| Feb 14, 2017 | Douglas D Shuma listed as SVP - Finance and CAO (previously Sr VP & Corporate Controller) in SEC filings |
| Jan 23, 2017 | Daniel J. DeWitt became SVP of Human Resources |
| Jan 17, 2017 | Peter L Sereda listed as Sr VP & Treasurer (previously Senior VP-Finance & Treasurer) in SEC filings |
Not reported recently (13)
- Voting Trust · Last reported as a 10% owner in an SEC filing dated Jan 17, 2025
- Daniel J. DeWitt · Last reported as SVP of Human Resources in an SEC filing dated May 19, 2023
- Clarence A Davis · Last reported as a director in an SEC filing dated May 18, 2023
- Laurent C Therivel · Last reported as a director in an SEC filing dated May 18, 2023
- Peter L Sereda · Last reported as Senior VP-Finance in an SEC filing dated May 23, 2022
- Jane W McCahon · Last reported as SVP Corp Relations & Corp Sec in an SEC filing dated Feb 14, 2022
- Kurt B Thaus · Last reported as Senior VP - CIO in an SEC filing dated Dec 9, 2021
- Scott H Williamson · Last reported as Senior Vice President in an SEC filing dated May 25, 2021
- Kenneth R Meyers · Last reported as a director in an SEC filing dated Jan 15, 2020
- Mitchell H Saranow · Last reported as a director in an SEC filing dated Mar 27, 2019
- Douglas D Shuma · Last reported as SVP - Finance and CAO in an SEC filing dated May 15, 2018
- David A Wittwer · Last reported as a director in an SEC filing dated Mar 5, 2018
- Herbert S Wander · Last reported as a director in an SEC filing dated Mar 2, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
TDS Proposed Insider Sales (Form 144)
Latest: 2026-09-11
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
1 filing
· $2.9M notice value
· 1 unique filer
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
LEROY T. CARLSON JR. (1, $2.9M)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-09-11 | LEROY T. CARLSON JR. | Officer, Director | 77,100 | $2.89M | 2026-09-11 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-03-23 | Prudence Carlson | Director | 5,811 | $244.0K | 2026-03-23 | Merill Lynch | 10b5-1 | EDGAR |
| 2025-08-28 | JAMES W BUTMAN | Former Officer | 71,359 | $2.86M | 2025-08-28 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2025-08-27 | JAMES W BUTMAN | Former Officer | 84,882 | $3.37M | 2025-08-27 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2025-08-26 | JAMES W BUTMAN | Former Officer | 23,681 | $928.0K | 2025-08-26 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2025-08-25 | JAMES W BUTMAN | Former Officer | 15,475 | $603.9K | 2025-08-25 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2025-08-22 | JAMES W BUTMAN | Former Officer | 10,520 | $410.6K | 2025-08-22 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2025-08-21 | JAMES W BUTMAN | Former Officer | 26,470 | $1.04M | 2025-08-21 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2025-08-20 | ANITA KROLL | Officer | 8,608 | $336.5K | 2025-08-20 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2025-08-20 | JAMES W BUTMAN | Former Officer | 25,962 | $1.02M | 2025-08-20 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-11-06
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|
ETF Holders
94 ETFs hold TDS
25 shown · $1.08B total exposure · 0.22% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IJR iShares Core S&P Small-Cap ETF | iShares (BlackRock) | 0.19% | $194.7M | $103.8B | 2026-11-06 |
| 2 | AVUV Avantis U.S. Small Cap Value ETF | Avantis | 0.52% | $164.9M | $31.6B | 2026-11-05 |
| 3 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $97.2M | — | 2026-09-30 |
| 4 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.11% | $86.6M | $76.6B | 2026-11-06 |
| 5 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.04% | $69.8M | — | 2026-09-30 |
| 6 | DFSV Dimensional US Small Cap Value ETF | Dimensional | 0.24% | $64.8M | — | 2026-11-05 |
| 7 | VBR Vanguard Morningstar Small-Cap Value ETF | Vanguard | 0.07% | $45.5M | — | 2026-09-30 |
| 8 | VXF Vanguard Extended Market ETF | Vanguard | 0.04% | $37.2M | — | 2026-09-30 |
| 9 | IWN iShares Russell 2000 Value ETF | iShares (BlackRock) | 0.23% | $31.5M | $13.9B | 2026-11-06 |
| 10 | DFAT Dimensional US Targeted Value ETF | Dimensional | 0.10% | $30.9M | — | 2026-11-05 |
| 11 | SPSM State Street® SPDR® Portfolio S&P 600™ Small Cap ETF | SPDR (State Street) | 0.19% | $29.2M | $15.7B | 2026-11-05 |
| 12 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.08% | $27.8M | — | 2026-11-05 |
| 13 | PFF iShares Preferred and Income Securities ETF | iShares (BlackRock) | 0.24% | $27.0M | $11.5B | 2026-11-06 |
| 14 | IJS iShares S&P Small-Cap 600 Value ETF | iShares (BlackRock) | 0.35% | $26.8M | $7.5B | 2026-11-06 |
| 15 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.11% | $19.8M | — | 2026-09-30 |
| 16 | PGX Invesco Preferred ETF | Invesco | 0.47% | $17.2M | — | 2026-11-05 |
| 17 | SLYV State Street® SPDR® S&P 600™ Small Cap Value ETF | SPDR (State Street) | 0.35% | $17.2M | $4.9B | 2026-11-05 |
| 18 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.07% | $15.5M | — | 2026-08-31 |
| 19 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.02% | $14.2M | — | 2026-11-05 |
| 20 | XTL State Street® SPDR® S&P® Telecom ETF | SPDR (State Street) | 3.11% | $12.7M | $407.8M | 2026-11-05 |
| 21 | VOX Vanguard Communication Services ETF | Vanguard | 0.19% | $12.1M | — | 2026-09-30 |
| 22 | VIOO Vanguard S&P Small-Cap 600 ETF | Vanguard | 0.19% | $11.8M | — | 2026-09-30 |
| 23 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.14% | $10.7M | — | 2026-11-05 |
| 24 | USVM VictoryShares US Small Mid Cap Value Momentum ETF | Nport | 0.44% | $7.6M | — | 2026-06-30 |
| 25 | VIOV Vanguard S&P Small-Cap 600 Value ETF | Vanguard | 0.37% | $6.8M | — | 2026-09-30 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
62.06
TTM Diluted EPS
$0.54
TTM Revenue
$2.13B
TTM Net Income
$62.40M
TTM Op. Cash Flow
$471.35M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q1 '26 | 2026-03-31 | $309.45M | $127.29M | $1.09 | $67.46M |
| Q4 '25 | 2025-12-31 | $330.71M | $39.17M | $0.34 | $19.58M |
| Q3 '25 | 2025-09-30 | $308.52M | $-99.06M | $-0.84 | $-36.69M |
| Q2 '25 | 2025-06-30 | $1.19B | $-5.00M | $-0.05 | $421.00M |
| Q1 '25 | 2025-03-31 | $290.43M | $-9.84M | $-0.09 | $185.61M |
| Q4 '24 | 2024-12-31 | $295.35M | $-11.44M | $-0.10 | $212.76M |
| Q3 '24 | 2024-09-30 | $327.50M | $-83.04M | $-0.73 | $307.11M |
| Q2 '24 | 2024-06-30 | $1.24B | $-14.00M | $-0.13 | $402.00M |
| Q1 '24 | 2024-03-31 | $1.26B | $12.00M | $0.10 | $224.00M |
| Q4 '23 | 2023-12-31 | $1.31B | $-523.00M | $-4.65 | $219.00M |
| Q3 '23 | 2023-09-30 | $1.28B | $-17.00M | $-0.16 | $409.00M |
| Q2 '23 | 2023-06-30 | $1.27B | $-19.00M | $-0.17 | $468.00M |
Q1 2026 • period ending 2026-03-31 • filed 2026-05-08
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
62.06
P/B
0.75
P/S
1.84
EV/EBITDA
14.49
EV/Sales
1.52
ROE
1.2%
ROA
0.8%
Div Yield
2.35%
FCF Yield
12.00%
Debt/Equity
0.13
Current Ratio
—
Market Cap
$3.93B
as of 2026-11-09
TDS vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| CMCSA Comcast Corp | $86.6B | 7.7 | −0.2% | −17.3% | 33 |
| GSAT Globalstar, Inc. Common Stock | $10.9B | — | +5.9% | +34.2% | 22 |
| MSGS Madison Square Garden Sports Corp. | $9.3B | 1325.5 | +11.0% | +48.5% | — |
| IRDM Iridium Communications Inc. | $4.7B | 30.1 | +3.6% | +154.2% | 38 |
| VSNT Versant Media Group, Inc. Class A Common | $4.6B | 8.0 | — | −13.9% | 45 |
| CNK Cinemark Holdings, Inc. | $4.5B | 41.2 | +2.1% | +71.5% | 60 |
| LUMN Lumen Technologies, Inc. Common Stock | $4.1B | — | −7.7% | −45.1% | 54 |
| TDS Telephone and Data Systems Inc. | $3.8B | 62.0 | −0.8% | −18.5% | 75 |
| UNIT Uniti Group Inc. Common Stock | $1.3B | 1.9 | — | −37.3% | 100 |
| Peer median | $4.6B | 19.1 | +2.9% | +10.2% | 45 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
6.32M
SI % of Float
6.85%
Days to Cover
3.06
Short Vol Ratio
53.4%
Free Float
92.22M
Float %
85.7%
Short interest 2026-10-15 • Short volume 2026-11-06 • Float 2026-09-22