Millennium Management LLC Has $16.98 Million Stake in United States Cellular Co. (NYSE:USM)

Millennium Management LLC lessened 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 SEC. The institutional investor owned 270,672 shares of the Wireless communications provider's stock after selling 263,756 shares during the period. Millennium Management LLC owned approximately 0.31% of United States Cellular worth $16,977,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. R Squared Ltd bought a new stake in United States Cellular in the fourth quarter valued at approximately $38,000. Lazard Asset Management LLC increased its stake 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 purchasing an additional 882 shares in the last quarter. Amundi increased its stake in 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 purchasing an additional 244 shares in the last quarter. BNP Paribas Financial Markets increased its stake in 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 purchasing an additional 453 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in 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 purchasing an additional 2,109 shares in the last quarter. Institutional investors own 18.03% of the company's stock.

Analyst Ratings Changes

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

United States Cellular Stock Up 3.7%

Shares of United States Cellular stock traded up $2.23 on Tuesday, hitting $63.31. The company had a trading volume of 178,839 shares, compared to its average volume of 190,353. The firm has a market capitalization of $5.38 billion, a P/E ratio of -175.86 and a beta of 0.39. United States Cellular Co. has a twelve month low of $41.25 and a twelve month high of $70.79. 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 stock has a 50-day moving average of $65.22 and a 200-day moving average of $64.18.

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 the consensus estimate of $0.37 by ($0.16). United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The company had revenue of $891.00 million during the quarter, compared to analyst estimates of $924.90 million. Research analysts predict that United States Cellular Co. will post 0.57 earnings per share for the current 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.