Jericho Capital Asset Management L.P. Grows Stock Holdings in United States Cellular Co. (NYSE:USM)

Jericho Capital Asset Management L.P. grew its stake in shares of United States Cellular Co. (NYSE:USM - Free Report) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,815,844 shares of the Wireless communications provider's stock after purchasing an additional 35,052 shares during the period. United States Cellular makes up 1.6% of Jericho Capital Asset Management L.P.'s investment portfolio, making the stock its 20th largest holding. Jericho Capital Asset Management L.P. owned approximately 2.11% of United States Cellular worth $113,890,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp raised its stake in United States Cellular by 9.1% during the 4th quarter. Northern Trust Corp now owns 45,933 shares of the Wireless communications provider's stock valued at $2,881,000 after buying an additional 3,838 shares during the last quarter. Tudor Investment Corp ET AL grew its stake in United States Cellular by 71.4% during the fourth quarter. Tudor Investment Corp ET AL now owns 52,022 shares of the Wireless communications provider's stock valued at $3,263,000 after acquiring an additional 21,667 shares in the last quarter. Aquatic Capital Management LLC grew its holdings in United States Cellular by 101.6% during the 4th quarter. Aquatic Capital Management LLC now owns 6,452 shares of the Wireless communications provider's stock valued at $405,000 after buying an additional 3,252 shares in the last quarter. First Trust Advisors LP increased its stake in United States Cellular by 10.9% in the 4th quarter. First Trust Advisors LP now owns 60,930 shares of the Wireless communications provider's stock worth $3,822,000 after acquiring an additional 6,002 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of United States Cellular by 9.2% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 7,260 shares of the Wireless communications provider's stock valued at $454,000 after acquiring an additional 609 shares during the last quarter. Institutional investors own 18.03% of the company's stock.

Wall Street Analyst Weigh In

USM has been the topic of several research reports. JPMorgan Chase & Co. increased their price objective on shares of United States Cellular from $86.00 to $88.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. StockNews.com upgraded shares of United States Cellular from a "sell" rating to a "hold" rating in a research report on Friday, February 21st.

United States Cellular Stock Down 0.0 %

Shares of United States Cellular stock traded down $0.03 during trading on Thursday, hitting $68.64. 223,578 shares of the stock traded hands, compared to its average volume of 206,887. 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 stock's fifty day simple moving average is $66.45 and its 200 day simple moving average is $64.10. The firm has a market cap of $5.83 billion, a P/E ratio of -190.65 and a beta of 0.40. United States Cellular Co. has a 52-week low of $33.75 and a 52-week high of $70.79.

United States Cellular (NYSE:USM - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.15. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The business had revenue of $970.00 million during the quarter, compared to analyst estimates of $964.70 million. During the same quarter in the previous year, the business posted $0.23 EPS. On average, equities analysts predict that United States Cellular Co. will post 0.57 earnings per share for the current fiscal year.

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.