Natixis Advisors L.P. Sells 28,549 Shares of United States Cellular Co. (NYSE:USM)

Natixis Advisors L.P. lowered its position in United States Cellular Co. (NYSE:USM - Free Report) by 50.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 28,246 shares of the Wireless communications provider's stock after selling 28,549 shares during the quarter. Natixis Advisors L.P.'s holdings in United States Cellular were worth $1,173,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in USM. Bfsg LLC purchased a new position in United States Cellular during the 4th quarter valued at about $137,000. Significant Wealth Partners LLC purchased a new position in United States Cellular during the 4th quarter valued at about $1,918,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in United States Cellular by 32.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,580 shares of the Wireless communications provider's stock valued at $190,000 after buying an additional 1,117 shares in the last quarter. Mackenzie Financial Corp grew its holdings in United States Cellular by 105.2% during the 4th quarter. Mackenzie Financial Corp now owns 26,291 shares of the Wireless communications provider's stock valued at $1,092,000 after buying an additional 13,478 shares in the last quarter. Finally, Jackson Square Capital LLC grew its holdings in United States Cellular by 43.2% during the 4th quarter. Jackson Square Capital LLC now owns 16,303 shares of the Wireless communications provider's stock valued at $677,000 after buying an additional 4,917 shares in the last quarter. Hedge funds and other institutional investors own 18.03% of the company's stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their target price on United States Cellular from $52.00 to $51.00 and set an "overweight" rating for the company in a report on Monday.

United States Cellular Price Performance

NYSE:USM traded down $0.58 during midday trading on Thursday, hitting $43.96. The company had a trading volume of 252,826 shares, compared to its average volume of 260,840. The stock's fifty day moving average price is $36.89 and its 200-day moving average price is $39.77. United States Cellular Co. has a 52-week low of $13.79 and a 52-week high of $49.89. The company has a quick ratio of 1.46, a current ratio of 1.67 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $3.74 billion, a PE ratio of 65.61 and a beta of 0.45.

United States Cellular (NYSE:USM - Get Free Report) last announced its quarterly earnings data on Friday, May 3rd. The Wireless communications provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.06). The firm had revenue of $950.00 million for the quarter, compared to the consensus estimate of $957.75 million. United States Cellular had a net margin of 1.55% and a return on equity of 1.30%. United States Cellular's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 earnings per share. As a group, research analysts expect that United States Cellular Co. will post 0.56 earnings per share for the current 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.