United States Cellular Co. (NYSE:USM) Shares Sold by Algert Global LLC

Algert Global LLC trimmed its holdings in United States Cellular Co. (NYSE:USM - Free Report) by 51.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,688 shares of the Wireless communications provider's stock after selling 35,602 shares during the quarter. Algert Global LLC's holdings in United States Cellular were worth $2,113,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Jericho Capital Asset Management L.P. grew its position in United States Cellular by 2.0% during the 4th quarter. Jericho Capital Asset Management L.P. now owns 1,815,844 shares of the Wireless communications provider's stock worth $113,890,000 after purchasing an additional 35,052 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of United States Cellular by 0.4% during the fourth quarter. Gabelli Funds LLC now owns 709,149 shares of the Wireless communications provider's stock worth $44,478,000 after buying an additional 2,541 shares during the period. Alyeska Investment Group L.P. grew its holdings in shares of United States Cellular by 73.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 480,250 shares of the Wireless communications provider's stock worth $30,121,000 after buying an additional 204,146 shares during the last quarter. American Century Companies Inc. increased its position in United States Cellular by 12.4% in the 4th quarter. American Century Companies Inc. now owns 464,685 shares of the Wireless communications provider's stock valued at $29,145,000 after acquiring an additional 51,362 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in United States Cellular by 20.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 172,948 shares of the Wireless communications provider's stock valued at $10,847,000 after acquiring an additional 29,927 shares during the period. 18.03% of the stock is owned by institutional investors and hedge funds.

United States Cellular Stock Performance

NYSE USM traded up $0.40 on Wednesday, hitting $60.25. 41,067 shares of the company's stock were exchanged, compared to its average volume of 193,647. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of -167.36 and a beta of 0.39. The firm's 50-day moving average price is $65.95 and its two-hundred day moving average price is $64.22. United States Cellular Co. has a fifty-two week low of $41.25 and a fifty-two week high of $70.79. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39.

United States Cellular (NYSE:USM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The Wireless communications provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.16). United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The business had revenue of $891.00 million during the quarter, compared to analysts' expectations of $924.90 million. On average, research analysts expect that United States Cellular Co. will post 0.57 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on USM. StockNews.com upgraded United States Cellular from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. lifted their price objective on shares of United States Cellular from $86.00 to $88.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. Finally, Raymond James reissued an "outperform" rating and issued a $78.00 price objective (down from $83.00) on shares of United States Cellular in a research note on Monday, May 5th.

United States Cellular Company Profile

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising audio, home automation, and networking products.