Tiptree Advisors LLC Makes New $4.70 Million Investment in United States Cellular Co. (NYSE:USM)

Tiptree Advisors LLC acquired a new position in shares of United States Cellular Co. (NYSE:USM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 75,000 shares of the Wireless communications provider's stock, valued at approximately $4,704,000. United States Cellular comprises 4.9% of Tiptree Advisors LLC's investment portfolio, making the stock its 9th biggest holding. Tiptree Advisors LLC owned about 0.09% of United States Cellular as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. grew its stake in shares of 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 worth $30,121,000 after purchasing an additional 204,146 shares during the period. Man Group plc boosted its stake in United States Cellular by 124.6% during the 4th quarter. Man Group plc now owns 114,465 shares of the Wireless communications provider's stock worth $7,179,000 after acquiring an additional 63,501 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in United States Cellular by 41.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 179,909 shares of the Wireless communications provider's stock valued at $11,284,000 after purchasing an additional 52,396 shares in the last quarter. American Century Companies Inc. raised its holdings 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, ExodusPoint Capital Management LP raised its holdings in United States Cellular by 588.6% in the fourth quarter. ExodusPoint Capital Management LP now owns 55,483 shares of the Wireless communications provider's stock worth $3,480,000 after purchasing an additional 47,426 shares during the period. 18.03% of the stock is currently owned by institutional investors and hedge funds.

United States Cellular Stock Down 0.6%

NYSE USM traded down $0.38 during trading hours on Wednesday, hitting $62.90. 183,063 shares of the company traded hands, compared to its average volume of 185,392. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.39 and a current ratio of 1.57. The business's 50-day moving average is $65.13 and its 200-day moving average is $64.17. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of -174.73 and a beta of 0.39. United States Cellular Co. has a twelve month low of $43.90 and a twelve month high of $70.79.

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

Analyst Upgrades and Downgrades

USM has been the topic of several recent analyst reports. Wall Street Zen upgraded United States Cellular from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Raymond James restated an "outperform" rating and issued a $78.00 target price (down previously from $83.00) on shares of United States Cellular in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. cut their price objective on shares of United States Cellular from $88.00 to $85.00 and set an "overweight" rating on the stock in a research report on Wednesday.

United States Cellular 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.