Hudson Bay Capital Management LP Raises Holdings in Telephone and Data Systems, Inc. $TDS

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Hudson Bay Capital Management LP significantly increased its stake in Telephone and Data Systems (NYSE:TDS) by 50% in the third quarter, bringing its total ownership to 750,000 shares valued at approximately $29.43 million. Other institutional investors also modified their holdings, with overall institutional ownership reaching 80%. The company recently reported strong quarterly earnings, beating estimates, declared a $0.04 quarterly dividend, and holds a “Moderate Buy” analyst rating with an average target price of $53.33.

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