United States Cellular (NYSE:USM) Stock Price Down 4.8%

United States Cellular Co. (NYSE:USM - Get Free Report) traded down 4.8% on Tuesday . The stock traded as low as $33.38 and last traded at $33.51. 83,855 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 213,313 shares. The stock had previously closed at $35.21.

United States Cellular Trading Down 4.0 %

The company has a quick ratio of 1.33, a current ratio of 1.55 and a debt-to-equity ratio of 0.66. The business's fifty day moving average is $36.09 and its 200 day moving average is $40.26. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 54.52 and a beta of 0.46.

United States Cellular (NYSE:USM - Get Free Report) last announced its quarterly earnings data on Friday, February 16th. The Wireless communications provider reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.13. United States Cellular had a net margin of 1.41% and a return on equity of 1.19%. The company had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $984.18 million. During the same quarter last year, the firm posted ($0.33) EPS. The company's quarterly revenue was down 4.6% on a year-over-year basis. Equities analysts predict that United States Cellular Co. will post 0.68 earnings per share for the current year.

Institutional Investors Weigh In On United States Cellular

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in United States Cellular by 7.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,471,276 shares of the Wireless communications provider's stock valued at $51,228,000 after buying an additional 175,417 shares during the period. Vanguard Group Inc. boosted its position in United States Cellular by 1.3% during the third quarter. Vanguard Group Inc. now owns 1,528,458 shares of the Wireless communications provider's stock worth $39,786,000 after purchasing an additional 18,955 shares during the period. Gamco Investors INC. ET AL boosted its position in United States Cellular by 19.5% during the second quarter. Gamco Investors INC. ET AL now owns 1,503,685 shares of the Wireless communications provider's stock worth $26,510,000 after purchasing an additional 245,558 shares during the period. Jericho Capital Asset Management L.P. purchased a new stake in shares of United States Cellular in the third quarter worth about $51,753,000. Finally, Loomis Sayles & Co. L P lifted its holdings in shares of United States Cellular by 101.7% in the third quarter. Loomis Sayles & Co. L P now owns 725,714 shares of the Wireless communications provider's stock worth $31,184,000 after buying an additional 365,863 shares in the last quarter. 18.03% of the stock is owned by institutional investors.

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.