First Trust Advisors LP Acquires 6,002 Shares of United States Cellular Co. (NYSE:USM)

First Trust Advisors LP grew its holdings in shares of United States Cellular Co. (NYSE:USM - Free Report) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,930 shares of the Wireless communications provider's stock after buying an additional 6,002 shares during the period. First Trust Advisors LP owned 0.07% of United States Cellular worth $3,822,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USM. Mariner Investment Group LLC bought a new position in United States Cellular in the 4th quarter worth $1,944,000. Charles Schwab Investment Management Inc. raised its stake in United States Cellular by 20.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 172,948 shares of the Wireless communications provider's stock worth $10,847,000 after buying an additional 29,927 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in United States Cellular by 34.3% in the third quarter. JPMorgan Chase & Co. now owns 52,688 shares of the Wireless communications provider's stock worth $2,879,000 after buying an additional 13,467 shares during the period. Park Capital Management LLC WI bought a new stake in United States Cellular during the 4th quarter valued at approximately $459,000. Finally, Amundi grew its holdings 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 acquiring an additional 244 shares during the period. Institutional investors own 18.03% of the company's stock.

United States Cellular Stock Performance

NYSE:USM traded down $0.75 during trading hours on Thursday, reaching $62.77. The company had a trading volume of 15,343 shares, compared to its average volume of 204,528. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of -174.36 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 firm's 50 day moving average price is $66.19 and its 200-day moving average price is $64.16. United States Cellular Co. has a 52 week low of $35.30 and a 52 week high of $70.79.

United States Cellular (NYSE:USM - Get Free Report) last posted its earnings results on Friday, May 2nd. The Wireless communications provider reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $891.00 million during the quarter, compared to the consensus estimate of $924.90 million. On average, analysts forecast that United States Cellular Co. will post 0.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on USM. Raymond James restated an "outperform" rating and issued a $78.00 target price (down previously from $83.00) on shares of United States Cellular in a research note on Monday. StockNews.com 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. increased their price target 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.

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.