11,797 Shares in United States Cellular Co. (NYSE:USM) Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. bought a new position in shares of United States Cellular Co. (NYSE:USM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,797 shares of the Wireless communications provider's stock, valued at approximately $740,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Jericho Capital Asset Management L.P. raised its holdings in United States Cellular by 2.0% during the fourth 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 acquiring an additional 35,052 shares in the last quarter. Gabelli Funds LLC raised its stake in United States Cellular by 0.4% in the fourth quarter. Gabelli Funds LLC now owns 709,149 shares of the Wireless communications provider's stock valued at $44,478,000 after buying an additional 2,541 shares during the period. Alyeska Investment Group L.P. raised its stake in United States Cellular by 73.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 480,250 shares of the Wireless communications provider's stock valued at $30,121,000 after buying an additional 204,146 shares during the period. American Century Companies Inc. raised its stake in United States Cellular by 12.4% in the fourth quarter. American Century Companies Inc. now owns 464,685 shares of the Wireless communications provider's stock valued at $29,145,000 after buying an additional 51,362 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in United States Cellular by 0.6% in the fourth quarter. Ameriprise Financial Inc. now owns 227,397 shares of the Wireless communications provider's stock valued at $14,262,000 after buying an additional 1,350 shares during the period. Institutional investors own 18.03% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on USM. JPMorgan Chase & Co. upped their target price on United States Cellular from $86.00 to $88.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. StockNews.com raised United States Cellular from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Raymond James reaffirmed an "outperform" rating and issued a $78.00 target price (down previously from $83.00) on shares of United States Cellular in a research report on Monday, May 5th.

United States Cellular Price Performance

Shares of USM stock traded up $0.43 during trading hours on Tuesday, reaching $61.61. The company's stock had a trading volume of 8,408 shares, compared to its average volume of 191,212. The firm's 50 day simple moving average is $65.71 and its 200-day simple moving average is $64.24. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of -170.84 and a beta of 0.39. 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 quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63.

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

United States Cellular 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.