United States Cellular Co. (NYSE:USM) Holdings Lifted by Point72 Asset Management L.P.

Point72 Asset Management L.P. raised its holdings in shares of United States Cellular Co. (NYSE:USM - Free Report) by 5.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,091 shares of the Wireless communications provider's stock after acquiring an additional 5,605 shares during the period. Point72 Asset Management L.P. owned approximately 0.12% of United States Cellular worth $6,717,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in shares of United States Cellular during the 4th quarter valued at $38,000. Lazard Asset Management LLC increased its position in shares of United States Cellular by 1,837.5% during the 4th 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 during the period. Amundi increased its position in shares of United States Cellular by 17.6% during the 4th quarter. Amundi now owns 1,628 shares of the Wireless communications provider's stock valued at $99,000 after purchasing an additional 244 shares during the period. BNP Paribas Financial Markets increased its position in shares of United States Cellular by 37.6% during the 4th 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 during the period. Finally, Venturi Wealth Management LLC increased its position in shares of United States Cellular by 1,917.3% during the 4th 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 during the period. Institutional investors own 18.03% of the company's stock.

United States Cellular Price Performance

Shares of NYSE USM traded up $0.06 during mid-day trading on Friday, reaching $60.94. The company had a trading volume of 112,859 shares, compared to its average volume of 190,399. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. The stock has a market cap of $5.18 billion, a PE ratio of -169.27 and a beta of 0.39. The company has a 50-day moving average price of $65.39 and a two-hundred day moving average price of $64.21. United States Cellular Co. has a 1-year low of $41.25 and a 1-year high of $70.79.

United States Cellular (NYSE:USM - Get Free Report) last issued its earnings results 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 during the quarter, compared to analyst estimates of $924.90 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. On average, equities analysts anticipate that United States Cellular Co. will post 0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on USM shares. Raymond James reiterated an "outperform" rating and set a $78.00 price target (down from $83.00) on shares of United States Cellular in a research report on Monday, May 5th. Wall Street Zen upgraded United States Cellular from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. lifted their target price on United States Cellular from $86.00 to $88.00 and gave the stock an "overweight" rating in a report on Monday, February 24th.

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.