GAMMA Investing LLC Raises Stake in United States Cellular Corporation (NYSE:USM)

GAMMA Investing LLC boosted its position in United States Cellular Corporation (NYSE:USM - Free Report) by 6,815.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,165 shares of the Wireless communications provider's stock after buying an additional 10,018 shares during the period. GAMMA Investing LLC's holdings in United States Cellular were worth $703,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Lazard Asset Management LLC boosted its position in United States Cellular by 1,837.5% in the fourth quarter. Lazard Asset Management LLC now owns 930 shares of the Wireless communications provider's stock valued at $58,000 after buying an additional 882 shares during the last quarter. Amundi boosted its position in United States Cellular by 17.6% in the 4th quarter. Amundi now owns 1,628 shares of the Wireless communications provider's stock worth $99,000 after purchasing an additional 244 shares in the last quarter. BNP Paribas Financial Markets boosted its position in United States Cellular by 37.6% in the 4th quarter. BNP Paribas Financial Markets now owns 1,657 shares of the Wireless communications provider's stock worth $104,000 after purchasing an additional 453 shares in the last quarter. Venturi Wealth Management LLC boosted its position in United States Cellular by 1,917.3% in the 4th quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider's stock worth $139,000 after purchasing an additional 2,109 shares in the last quarter. Finally, Vestcor Inc purchased a new stake in United States Cellular in the 4th quarter worth approximately $187,000. Hedge funds and other institutional investors own 18.03% of the company's stock.

Analysts Set New Price Targets

USM has been the topic of several recent research reports. Raymond James Financial restated an "outperform" rating and issued a $78.00 price objective (down previously from $83.00) on shares of United States Cellular in a research report on Monday, May 5th. JPMorgan Chase & Co. lowered their price objective on United States Cellular from $88.00 to $85.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 28th. Finally, Wall Street Zen upgraded United States Cellular from a "sell" rating to a "hold" rating in a research report on Friday, February 21st.

United States Cellular Trading Down 1.7%

Shares of NYSE:USM opened at $59.87 on Wednesday. United States Cellular Corporation has a 1 year low of $47.59 and a 1 year high of $70.79. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of -130.15 and a beta of 0.35. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.70 and a quick ratio of 1.48. The business's 50 day moving average price is $63.55 and its 200-day moving average price is $64.02.

United States Cellular (NYSE:USM - Get Free Report) last announced its earnings results on Friday, May 2nd. The Wireless communications provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.16). United States Cellular had a negative net margin of 1.05% and a positive return on equity of 1.36%. The business had revenue of $891.00 million for the quarter, compared to analysts' expectations of $924.90 million. On average, equities research analysts forecast that United States Cellular Corporation will post 0.57 earnings per share for the current fiscal year.

About United States Cellular

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.

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