Voloridge Investment Management LLC Buys Shares of 15,388 United States Cellular Co. (NYSE:USM)

Voloridge Investment Management LLC acquired a new position in shares of United States Cellular Co. (NYSE:USM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,388 shares of the Wireless communications provider's stock, valued at approximately $965,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USM. Deutsche Bank AG acquired a new stake in shares of United States Cellular during the 4th quarter worth about $431,000. Ameriprise Financial Inc. increased its position in United States Cellular by 0.6% in the 4th quarter. Ameriprise Financial Inc. now owns 227,397 shares of the Wireless communications provider's stock valued at $14,262,000 after acquiring an additional 1,350 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in United States Cellular by 20.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 172,948 shares of the Wireless communications provider's stock valued at $10,847,000 after acquiring an additional 29,927 shares in the last quarter. Park Capital Management LLC WI acquired a new stake in United States Cellular in the 4th quarter valued at about $459,000. Finally, Amundi increased its position in United States Cellular by 17.6% in the 4th quarter. Amundi now owns 1,628 shares of the Wireless communications provider's stock valued at $99,000 after acquiring an additional 244 shares in the last quarter. 18.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Raymond James reiterated an "outperform" rating and set a $78.00 price target (down previously from $83.00) on shares of United States Cellular in a research report on Monday, May 5th. Wall Street Zen upgraded shares of United States Cellular from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. reduced their target price on shares of United States Cellular from $88.00 to $85.00 and set an "overweight" rating for the company in a research report on Wednesday, May 28th.

United States Cellular Price Performance

Shares of USM stock traded down $0.36 on Tuesday, reaching $62.42. The company had a trading volume of 201,862 shares, compared to its average volume of 181,513. The stock has a market capitalization of $5.31 billion, a PE ratio of -173.39 and a beta of 0.39. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63. United States Cellular Co. has a one year low of $47.59 and a one year high of $70.79. The business's 50-day moving average is $64.57 and its 200 day moving average is $64.17.

United States Cellular (NYSE:USM - Get Free Report) last posted its earnings results 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 company had revenue of $891.00 million during the quarter, compared to the consensus estimate 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 research analysts forecast that United States Cellular Co. will post 0.57 EPS for the current fiscal year.

United States Cellular 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.