Private Management Group Inc. Reduces Stake in United States Cellular Co. (NYSE:USM)

Private Management Group Inc. trimmed its stake in United States Cellular Co. (NYSE:USM - Free Report) by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 262,453 shares of the Wireless communications provider's stock after selling 62,115 shares during the period. Private Management Group Inc. owned approximately 0.31% of United States Cellular worth $10,902,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new position in United States Cellular during the third quarter valued at approximately $149,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in United States Cellular by 226.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,463 shares of the Wireless communications provider's stock valued at $149,000 after acquiring an additional 2,403 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in United States Cellular by 32.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,580 shares of the Wireless communications provider's stock valued at $190,000 after acquiring an additional 1,117 shares during the last quarter. Aigen Investment Management LP bought a new position in United States Cellular during the third quarter valued at approximately $206,000. Finally, Advisor Partners II LLC bought a new position in United States Cellular during the third quarter valued at approximately $215,000. 18.03% of the stock is currently owned by institutional investors.

United States Cellular Price Performance

NYSE USM traded up $0.99 on Wednesday, reaching $36.76. 128,441 shares of the company's stock traded hands, compared to its average volume of 213,021. United States Cellular Co. has a 12 month low of $13.79 and a 12 month high of $48.47. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.33. The stock has a 50-day simple moving average of $35.40 and a 200 day simple moving average of $40.09. The stock has a market cap of $3.12 billion, a PE ratio of 59.29 and a beta of 0.46.

United States Cellular (NYSE:USM - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $1,000.00 million for the quarter, compared to analysts' expectations 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 quarterly revenue was down 4.6% on a year-over-year basis. During the same period last year, the business earned ($0.33) earnings per share. As a group, research analysts predict that United States Cellular Co. will post 0.74 earnings per share for the current year.

United States Cellular Company 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.