Price T Rowe Associates Inc. MD Has $676,000 Holdings in United States Cellular Co. (NYSE:USM)

Price T Rowe Associates Inc. MD lessened its stake in shares of United States Cellular Co. (NYSE:USM - Free Report) by 56.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,768 shares of the Wireless communications provider's stock after selling 14,113 shares during the period. Price T Rowe Associates Inc. MD's holdings in United States Cellular were worth $676,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. First Trust Advisors LP raised its holdings in shares of United States Cellular by 10.9% during the 4th quarter. First Trust Advisors LP now owns 60,930 shares of the Wireless communications provider's stock worth $3,822,000 after acquiring an additional 6,002 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in United States Cellular by 9.2% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 7,260 shares of the Wireless communications provider's stock worth $454,000 after purchasing an additional 609 shares during the period. Marshall Wace LLP acquired a new position in shares of United States Cellular during the fourth quarter worth about $2,569,000. GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in United States Cellular by 3.6% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 46,350 shares of the Wireless communications provider's stock valued at $2,907,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Gabelli Funds LLC boosted its holdings in United States Cellular by 0.4% in the fourth quarter. Gabelli Funds LLC now owns 709,149 shares of the Wireless communications provider's stock valued at $44,478,000 after purchasing an additional 2,541 shares in the last quarter. Hedge funds and other institutional investors own 18.03% of the company's stock.

United States Cellular Price Performance

United States Cellular stock traded up $0.77 during trading hours on Friday, hitting $61.80. The stock had a trading volume of 168,566 shares, compared to its average volume of 192,101. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of -171.66 and a beta of 0.39. United States Cellular Co. has a 1-year low of $41.25 and a 1-year high of $70.79. The stock's fifty day moving average is $65.78 and its two-hundred day moving average is $64.21.

United States Cellular (NYSE:USM - Get Free Report) last announced its earnings results on Friday, May 2nd. The Wireless communications provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.16). United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The company had revenue of $891.00 million for the quarter, compared to analysts' expectations of $924.90 million. As a group, analysts predict that United States Cellular Co. will post 0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on United States Cellular from $86.00 to $88.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. Raymond James reiterated an "outperform" rating and issued a $78.00 price objective (down previously from $83.00) on shares of United States Cellular in a research report on Monday, May 5th. Finally, StockNews.com upgraded United States Cellular from a "sell" rating to a "hold" rating in a research report on Friday, February 21st.

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.