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

Point72 Asset Management L.P. lifted its stake in shares of United States Cellular Co. (NYSE:USM - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 0.12% of United States Cellular worth $6,717,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in USM. R Squared Ltd acquired a new stake in shares of United States Cellular during the fourth quarter valued at $38,000. Lazard Asset Management LLC boosted its stake in shares of United States Cellular by 1,837.5% during the fourth 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 during the last quarter. Amundi boosted its stake in shares of United States Cellular by 17.6% during the fourth quarter. Amundi now owns 1,628 shares of the Wireless communications provider's stock valued at $99,000 after acquiring an additional 244 shares during the last quarter. BNP Paribas Financial Markets boosted its stake 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 acquiring an additional 453 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake 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 acquiring an additional 2,109 shares during the last quarter. Institutional investors and hedge funds own 18.03% of the company's stock.

Analyst Upgrades and Downgrades

USM has been the topic of a number of analyst reports. Raymond James reaffirmed an "outperform" rating and set a $78.00 price objective (down previously from $83.00) on shares of United States Cellular in a research note on Monday, May 5th. JPMorgan Chase & Co. increased their target price on United States Cellular from $86.00 to $88.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Finally, StockNews.com upgraded United States Cellular from a "sell" rating to a "hold" rating in a research report on Friday, February 21st.

United States Cellular Stock Performance

United States Cellular stock opened at $61.33 on Tuesday. The stock's 50-day moving average is $65.71 and its 200-day moving average is $64.24. The company has a market cap of $5.21 billion, a price-to-earnings ratio of -170.36 and a beta of 0.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39. United States Cellular Co. has a 12 month low of $41.25 and a 12 month high of $70.79.

United States Cellular (NYSE:USM - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $891.00 million during the quarter, compared to analysts' expectations of $924.90 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. Equities analysts anticipate 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.

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