United States Cellular Corporation (NYSE:USM) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in United States Cellular Corporation (NYSE:USM - Free Report) by 6,815.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC raised its holdings in shares of 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 worth $58,000 after buying an additional 882 shares during the last quarter. Amundi raised its holdings in shares of United States Cellular by 17.6% in the fourth quarter. Amundi now owns 1,628 shares of the Wireless communications provider's stock worth $99,000 after buying an additional 244 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of United States Cellular by 37.6% in the fourth quarter. BNP Paribas Financial Markets now owns 1,657 shares of the Wireless communications provider's stock worth $104,000 after buying an additional 453 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of United States Cellular by 1,917.3% in the fourth quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider's stock worth $139,000 after buying an additional 2,109 shares during the last quarter. Finally, Vestcor Inc purchased a new position in shares of United States Cellular in the fourth quarter worth $187,000. Hedge funds and other institutional investors own 18.03% of the company's stock.

Analyst Upgrades and Downgrades

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

United States Cellular Stock Performance

USM stock traded down $0.27 during midday trading on Friday, hitting $60.07. 236,846 shares of the stock traded hands, compared to its average volume of 175,079. The firm has a market cap of $5.11 billion, a P/E ratio of -130.57 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 stock's fifty day simple moving average is $63.24 and its 200-day simple moving average is $63.96. United States Cellular Corporation has a 1-year low of $47.59 and a 1-year high of $70.79.

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