Millennium Management LLC cut its position in United States Cellular Co. (NYSE:USM - Free Report) by 49.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 270,672 shares of the Wireless communications provider's stock after selling 263,756 shares during the quarter. Millennium Management LLC owned about 0.31% of United States Cellular worth $16,977,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd bought a new position in shares of United States Cellular in the fourth quarter valued at $38,000. Lazard Asset Management LLC grew its stake 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 valued at $58,000 after buying an additional 882 shares in the last quarter. Amundi grew its stake 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 valued at $99,000 after buying an additional 244 shares in the last quarter. BNP Paribas Financial Markets grew its stake 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 valued at $104,000 after buying an additional 453 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake 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 valued at $139,000 after buying an additional 2,109 shares in the last quarter. 18.03% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on USM. JPMorgan Chase & Co. raised their target price on shares of United States Cellular from $86.00 to $88.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. StockNews.com raised shares of 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 set a $78.00 price objective (down from $83.00) on shares of United States Cellular in a research report on Monday, May 5th.
Check Out Our Latest Research Report on United States Cellular
United States Cellular Trading Down 1.2%
USM stock opened at $60.62 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39. The company has a fifty day moving average price of $65.57 and a two-hundred day moving average price of $64.19. United States Cellular Co. has a one year low of $41.25 and a one year high of $70.79. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of -168.40 and a beta of 0.39.
United States Cellular (NYSE:USM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The Wireless communications provider reported $0.21 EPS 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 company had revenue of $891.00 million for the quarter, compared to the consensus estimate of $924.90 million. Equities analysts anticipate that United States Cellular Co. will post 0.57 EPS for the current year.
About United States Cellular
(
Free Report)
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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