BI Asset Management Fondsmaeglerselskab A S Invests $1.46 Million in United States Cellular Co. (NYSE:USM)

BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of United States Cellular Co. (NYSE:USM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 35,184 shares of the Wireless communications provider's stock, valued at approximately $1,462,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Pathstone Family Office LLC bought a new stake in United States Cellular in the 3rd quarter valued at $1,074,000. Invesco Ltd. bought a new stake in United States Cellular in the 3rd quarter valued at $11,395,000. Jump Financial LLC bought a new stake in United States Cellular in the 4th quarter valued at $789,000. Jericho Capital Asset Management L.P. bought a new stake in United States Cellular in the 3rd quarter valued at $51,753,000. Finally, FMR LLC raised its stake in United States Cellular by 289.6% in the 3rd quarter. FMR LLC now owns 250,473 shares of the Wireless communications provider's stock valued at $10,763,000 after acquiring an additional 186,183 shares during the period. Institutional investors own 18.03% of the company's stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their price objective on United States Cellular from $52.00 to $51.00 and set an "overweight" rating on the stock in a report on Monday, May 13th.

United States Cellular Price Performance

Shares of USM traded up $0.67 during trading hours on Wednesday, hitting $43.68. 252,442 shares of the company were exchanged, compared to its average volume of 261,607. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 65.19 and a beta of 0.45. United States Cellular Co. has a fifty-two week low of $13.79 and a fifty-two 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 firm's fifty day moving average is $37.57 and its 200 day moving average is $39.78.

United States Cellular (NYSE:USM - Get Free Report) last released its earnings results on Friday, May 3rd. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.06). The company had revenue of $950.00 million for the quarter, compared to analyst estimates of $957.75 million. United States Cellular had a return on equity of 1.30% and a net margin of 1.55%. The business's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.15 earnings per share. On average, equities analysts anticipate that United States Cellular Co. will post 0.58 earnings per share 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.