5,700 Shares in United States Cellular Corporation (NYSE:USM) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of United States Cellular Corporation (NYSE:USM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,700 shares of the Wireless communications provider's stock, valued at approximately $394,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of United States Cellular during the first quarter worth approximately $195,000. Handelsbanken Fonder AB acquired a new stake in shares of United States Cellular in the first quarter valued at approximately $235,000. Deutsche Bank AG acquired a new stake in shares of United States Cellular in the fourth quarter valued at approximately $431,000. Ameriprise Financial Inc. increased its holdings in shares of United States Cellular by 0.6% in the fourth quarter. Ameriprise Financial Inc. now owns 227,397 shares of the Wireless communications provider's stock valued at $14,262,000 after purchasing an additional 1,350 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of United States Cellular by 6,815.0% in the first quarter. GAMMA Investing LLC now owns 10,165 shares of the Wireless communications provider's stock valued at $703,000 after purchasing an additional 10,018 shares in the last quarter. Institutional investors own 18.03% of the company's stock.

United States Cellular Price Performance

United States Cellular stock traded up $0.15 during mid-day trading on Tuesday, reaching $72.88. The company had a trading volume of 894,463 shares, compared to its average volume of 387,997. United States Cellular Corporation has a fifty-two week low of $49.04 and a fifty-two week high of $76.90. The company has a current ratio of 1.70, a quick ratio of 1.48 and a debt-to-equity ratio of 0.62. The company has a market cap of $6.19 billion, a P/E ratio of -158.43 and a beta of 0.38. The business has a fifty day simple moving average of $65.42 and a 200 day simple moving average of $65.18.

United States Cellular (NYSE:USM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.16). United States Cellular had a negative net margin of 1.05% and a positive return on equity of 1.36%. The business had revenue of $891.00 million for the quarter, compared to the consensus estimate of $924.90 million. On average, equities research analysts predict that United States Cellular Corporation will post 0.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on USM shares. JPMorgan Chase & Co. reduced 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 note on Wednesday, May 28th. Raymond James Financial reaffirmed an "outperform" rating and issued a $84.00 target price (up from $78.00) on shares of United States Cellular in a report on Friday, July 25th.

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.