Voloridge Investment Management LLC acquired a new position in United States Cellular Co. (NYSE:USM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,388 shares of the Wireless communications provider's stock, valued at approximately $965,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amundi increased its stake in shares of United States Cellular by 17.6% during the 4th quarter. Amundi now owns 1,628 shares of the Wireless communications provider's stock worth $99,000 after purchasing an additional 244 shares during the last quarter. Swiss National Bank grew its holdings in United States Cellular by 1.3% during the fourth quarter. Swiss National Bank now owns 31,300 shares of the Wireless communications provider's stock valued at $1,963,000 after purchasing an additional 400 shares during the period. BNP Paribas Financial Markets increased its position in United States Cellular by 37.6% in the fourth quarter. BNP Paribas Financial Markets now owns 1,657 shares of the Wireless communications provider's stock worth $104,000 after buying an additional 453 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of United States Cellular by 9.2% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 7,260 shares of the Wireless communications provider's stock valued at $454,000 after buying an additional 609 shares during the period. Finally, R Squared Ltd purchased a new position in shares of United States Cellular during the 4th quarter valued at $38,000. 18.03% of the stock is currently owned by hedge funds and other institutional investors.
United States Cellular Stock Performance
Shares of NYSE:USM traded up $0.02 during midday trading on Friday, reaching $61.91. 147,949 shares of the company traded hands, compared to its average volume of 178,043. United States Cellular Co. has a 12 month low of $47.59 and a 12 month high of $70.79. The firm's fifty day moving average price is $64.85 and its two-hundred day moving average price is $64.15. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of -171.97 and a beta of 0.39.
United States Cellular (NYSE:USM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.16). United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The company had revenue of $891.00 million for the quarter, compared to the consensus estimate of $924.90 million. On average, equities analysts expect that United States Cellular Co. will post 0.57 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Raymond James reissued an "outperform" rating and issued a $78.00 price objective (down previously from $83.00) on shares of United States Cellular in a report on Monday, May 5th. JPMorgan Chase & Co. lowered 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 research report on Wednesday. Finally, Wall Street Zen upgraded shares of United States Cellular from a "sell" rating to a "hold" rating in a research note on Friday, February 21st.
Read Our Latest Research Report on USM
United States Cellular Profile
(
Free Report)
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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