Vanguard Group Inc. Sells 36,686 Shares of United States Cellular Co. (NYSE:USM)

Vanguard Group Inc. lowered its position in shares of United States Cellular Co. (NYSE:USM - Free Report) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,355,633 shares of the Wireless communications provider's stock after selling 36,686 shares during the quarter. Vanguard Group Inc. owned 1.59% of United States Cellular worth $58,252,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of USM. Jericho Capital Asset Management L.P. purchased a new position in United States Cellular during the 3rd quarter worth $51,753,000. Third Point LLC purchased a new position in United States Cellular during the 3rd quarter worth $23,433,000. Arrowstreet Capital Limited Partnership raised its position in United States Cellular by 377.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 481,706 shares of the Wireless communications provider's stock worth $9,986,000 after buying an additional 380,868 shares during the last quarter. Loomis Sayles & Co. L P raised its position in United States Cellular by 101.7% during the 3rd 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 during the last quarter. Finally, Invesco Ltd. purchased a new position in United States Cellular during the 3rd quarter worth $11,395,000. Hedge funds and other institutional investors own 18.03% of the company's stock.

United States Cellular Stock Performance

United States Cellular stock traded down $0.44 during trading hours on Monday, reaching $35.06. 125,077 shares of the stock were exchanged, compared to its average volume of 217,592. The firm's 50 day moving average is $37.11 and its 200 day moving average is $40.54. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.33 and a current ratio of 1.55. The stock has a market cap of $2.98 billion, a P/E ratio of 56.55 and a beta of 0.46. United States Cellular Co. has a 52-week low of $13.79 and a 52-week high of $48.47.

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