ThornTree Capital Partners LP Sells 52,048 Shares of United States Cellular Co. (NYSE:USM)

ThornTree Capital Partners LP cut its stake in United States Cellular Co. (NYSE:USM - Free Report) by 12.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 351,923 shares of the Wireless communications provider's stock after selling 52,048 shares during the quarter. United States Cellular comprises approximately 2.9% of ThornTree Capital Partners LP's investment portfolio, making the stock its 10th biggest position. ThornTree Capital Partners LP owned about 0.41% of United States Cellular worth $22,073,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of USM. R Squared Ltd purchased a new stake in shares of United States Cellular in the 4th quarter valued at approximately $38,000. Lazard Asset Management LLC lifted its holdings in United States Cellular by 1,837.5% in 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 grew its position in 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 acquiring an additional 244 shares during the period. BNP Paribas Financial Markets increased its stake in 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 worth $104,000 after acquiring an additional 453 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in United States Cellular by 1,917.3% in the fourth 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. Hedge funds and other institutional investors own 18.03% of the company's stock.

United States Cellular Stock Down 0.5%

NYSE:USM traded down $0.29 during midday trading on Friday, reaching $60.59. The company had a trading volume of 31,420 shares, compared to its average volume of 189,988. United States Cellular Co. has a 12-month low of $41.25 and a 12-month high of $70.79. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of -168.08 and a beta of 0.39. 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's fifty day simple moving average is $65.48 and its 200-day simple moving average is $64.21.

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 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 for the quarter, compared to analyst estimates of $924.90 million. On average, sell-side analysts anticipate that United States Cellular Co. will post 0.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

USM has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their target price on shares of United States Cellular from $86.00 to $88.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. 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 report on Monday, May 5th. Finally, Wall Street Zen upgraded shares of United States Cellular from a "sell" rating to a "hold" rating in a report on Friday, February 21st.

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.