Man Group plc Buys 63,501 Shares of United States Cellular Co. (NYSE:USM)

Man Group plc grew its stake in United States Cellular Co. (NYSE:USM - Free Report) by 124.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,465 shares of the Wireless communications provider's stock after acquiring an additional 63,501 shares during the quarter. Man Group plc owned 0.13% of United States Cellular worth $7,179,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Mariner Investment Group LLC bought a new stake in United States Cellular during the 4th quarter worth approximately $1,944,000. Ameriprise Financial Inc. increased its stake in United States Cellular by 0.6% during the 4th quarter. Ameriprise Financial Inc. now owns 227,397 shares of the Wireless communications provider's stock worth $14,262,000 after purchasing an additional 1,350 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in United States Cellular by 20.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 172,948 shares of the Wireless communications provider's stock worth $10,847,000 after purchasing an additional 29,927 shares in the last quarter. JPMorgan Chase & Co. increased its stake in United States Cellular by 34.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 52,688 shares of the Wireless communications provider's stock worth $2,879,000 after purchasing an additional 13,467 shares in the last quarter. Finally, Amundi increased its stake in United States Cellular by 17.6% during 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. 18.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com raised United States Cellular from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Raymond James reissued an "outperform" rating and set a $78.00 target price (down from $83.00) on shares of United States Cellular in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. upped their price target on United States Cellular from $86.00 to $88.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th.

United States Cellular Trading Down 0.8%

NYSE:USM opened at $61.33 on Tuesday. United States Cellular Co. has a twelve month low of $41.25 and a twelve month 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. The business has a 50 day moving average price of $65.71 and a two-hundred day moving average price of $64.24. The company has a market cap of $5.21 billion, a P/E ratio of -170.36 and a beta of 0.39.

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 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $891.00 million for the quarter, compared to analyst estimates of $924.90 million. As a group, analysts expect that United States Cellular Co. will post 0.57 EPS 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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