UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in United States Cellular Co. (NYSE:USM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in United States Cellular Co. (NYSE:USM - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,969 shares of the Wireless communications provider's stock after acquiring an additional 5,940 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in United States Cellular were worth $2,632,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Lazard Asset Management LLC lifted its position in United States Cellular by 1,837.5% in the 4th quarter. Lazard Asset Management LLC now owns 930 shares of the Wireless communications provider's stock valued at $58,000 after acquiring an additional 882 shares in the last quarter. Amundi raised 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 worth $99,000 after purchasing an additional 244 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of United States Cellular by 37.6% during 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. Venturi Wealth Management LLC boosted its position in shares of United States Cellular by 1,917.3% during 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 during the last quarter. Finally, Vestcor Inc bought a new stake in United States Cellular in the 4th quarter worth about $187,000. 18.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on USM shares. Wall Street Zen upgraded shares of United States Cellular from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Raymond James reissued an "outperform" rating and set a $78.00 price objective (down from $83.00) on shares of United States Cellular in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered 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, May 28th.

United States Cellular Stock Performance

United States Cellular stock traded up $0.07 during mid-day trading on Tuesday, reaching $62.63. 134,962 shares of the stock traded hands, compared to its average volume of 178,017. United States Cellular Co. has a 12-month low of $47.59 and a 12-month high of $70.79. The stock has a market capitalization of $5.32 billion, a PE ratio of -173.97 and a beta of 0.35. 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 business's 50-day moving average is $63.88 and its 200-day moving average is $64.14.

United States Cellular (NYSE:USM - Get Free Report) last announced its earnings results 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 during the quarter, compared to the consensus estimate of $924.90 million. As a group, sell-side analysts predict that United States Cellular Co. will post 0.57 EPS for the current fiscal year.

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.