Tiptree Advisors LLC Takes $4.70 Million Position in United States Cellular Co. (NYSE:USM)

Tiptree Advisors LLC bought a new stake in shares of United States Cellular Co. (NYSE:USM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 75,000 shares of the Wireless communications provider's stock, valued at approximately $4,704,000. United States Cellular accounts for approximately 4.9% of Tiptree Advisors LLC's portfolio, making the stock its 9th biggest holding. Tiptree Advisors LLC owned about 0.09% of United States Cellular as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Jericho Capital Asset Management L.P. lifted its position in shares of United States Cellular by 2.0% during the 4th quarter. Jericho Capital Asset Management L.P. now owns 1,815,844 shares of the Wireless communications provider's stock worth $113,890,000 after buying an additional 35,052 shares during the last quarter. Gabelli Funds LLC lifted its position in shares of United States Cellular by 0.4% during the 4th quarter. Gabelli Funds LLC now owns 709,149 shares of the Wireless communications provider's stock worth $44,478,000 after buying an additional 2,541 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of United States Cellular by 73.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 480,250 shares of the Wireless communications provider's stock worth $30,121,000 after buying an additional 204,146 shares during the last quarter. American Century Companies Inc. lifted its position in shares of United States Cellular by 12.4% during the 4th quarter. American Century Companies Inc. now owns 464,685 shares of the Wireless communications provider's stock worth $29,145,000 after buying an additional 51,362 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of 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 buying an additional 1,350 shares during the last quarter. 18.03% of the stock is currently owned by institutional investors.

United States Cellular Trading Up 0.0%

United States Cellular stock traded up $0.02 during trading hours on Friday, hitting $61.91. The stock had a trading volume of 147,949 shares, compared to its average volume of 181,407. 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 stock has a market cap of $5.26 billion, a price-to-earnings ratio of -171.97 and a beta of 0.39. United States Cellular Co. has a one year low of $47.59 and a one year high of $70.79. The business's 50 day simple moving average is $64.85 and its 200-day simple moving average is $64.14.

United States Cellular (NYSE:USM - Get Free Report) last posted its 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 during the quarter, compared to the consensus estimate of $924.90 million. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. On average, equities analysts predict that United States Cellular Co. will post 0.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

USM has been the subject of several recent analyst reports. Wall Street Zen upgraded United States Cellular from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Raymond James restated 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. Finally, JPMorgan Chase & Co. dropped their target price on United States Cellular from $88.00 to $85.00 and set an "overweight" rating for the company in a research report on Wednesday.

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.