Man Group plc Has $7.18 Million Stake in United States Cellular Co. (NYSE:USM)

Man Group plc increased its holdings in United States Cellular Co. (NYSE:USM - Free Report) by 124.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 114,465 shares of the Wireless communications provider's stock after buying an additional 63,501 shares during the period. Man Group plc owned 0.13% of United States Cellular worth $7,179,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Jericho Capital Asset Management L.P. raised its holdings in shares of 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 valued at $113,890,000 after acquiring an additional 35,052 shares in the last quarter. Gabelli Funds LLC lifted its holdings in United States Cellular by 0.4% in the 4th quarter. Gabelli Funds LLC now owns 709,149 shares of the Wireless communications provider's stock worth $44,478,000 after purchasing an additional 2,541 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in 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 valued at $30,121,000 after purchasing an additional 204,146 shares in the last quarter. American Century Companies Inc. increased 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 worth $29,145,000 after purchasing an additional 51,362 shares during the period. Finally, Ameriprise Financial Inc. boosted its position 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 valued at $14,262,000 after acquiring an additional 1,350 shares in the last quarter. 18.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

USM has been the subject of a number of analyst reports. Wall Street Zen raised United States Cellular from a "sell" rating to a "hold" rating in a report on Friday, February 21st. JPMorgan Chase & Co. increased their price target on shares of United States Cellular from $86.00 to $88.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. Finally, Raymond James reissued an "outperform" rating and set a $78.00 price target (down from $83.00) on shares of United States Cellular in a report on Monday, May 5th.

United States Cellular Stock Up 0.1%

NYSE:USM traded up $0.06 during mid-day trading on Friday, hitting $60.94. The company had a trading volume of 112,859 shares, compared to its average volume of 190,399. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. United States Cellular Co. has a 1 year low of $41.25 and a 1 year high of $70.79. The business has a fifty day simple moving average of $65.39 and a 200-day simple moving average of $64.21. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of -169.27 and a beta of 0.39.

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

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.