Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 5,700 United States Cellular Corporation (NYSE:USM)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of United States Cellular Corporation (NYSE:USM - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,700 shares of the Wireless communications provider's stock, valued at approximately $394,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS purchased a new stake in shares of United States Cellular in the 4th quarter valued at about $332,000. JPMorgan Chase & Co. lifted its position in United States Cellular by 78.0% during the fourth quarter. JPMorgan Chase & Co. now owns 93,781 shares of the Wireless communications provider's stock valued at $5,882,000 after buying an additional 41,093 shares during the period. Blair William & Co. IL purchased a new stake in shares of United States Cellular in the 4th quarter worth approximately $220,000. Geode Capital Management LLC lifted its stake in shares of United States Cellular by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 169,238 shares of the Wireless communications provider's stock worth $10,620,000 after buying an additional 3,057 shares in the last quarter. Finally, ExodusPoint Capital Management LP boosted its holdings in shares of United States Cellular by 588.6% during the 4th quarter. ExodusPoint Capital Management LP now owns 55,483 shares of the Wireless communications provider's stock valued at $3,480,000 after acquiring an additional 47,426 shares during the last quarter. 18.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

USM has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of United States Cellular from $88.00 to $85.00 and set an "overweight" rating on the stock in a report on Wednesday, May 28th. Raymond James Financial reissued an "outperform" rating and set a $84.00 price objective (up from $78.00) on shares of United States Cellular in a research note on Friday, July 25th.

United States Cellular Price Performance

Shares of NYSE USM traded down $0.05 during mid-day trading on Thursday, reaching $73.92. The company's stock had a trading volume of 288,217 shares, compared to its average volume of 221,548. United States Cellular Corporation has a 1-year low of $50.90 and a 1-year high of $76.90. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.48 and a current ratio of 1.70. The stock has a market capitalization of $6.28 billion, a P/E ratio of -160.66 and a beta of 0.38. The stock has a 50-day moving average of $65.84 and a two-hundred day moving average of $65.30.

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.