Alyeska Investment Group L.P. Increases Stock Position in United States Cellular Co. (NYSE:USM)

Alyeska Investment Group L.P. raised its position in shares of United States Cellular Co. (NYSE:USM - Free Report) by 73.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 480,250 shares of the Wireless communications provider's stock after buying an additional 204,146 shares during the period. Alyeska Investment Group L.P. owned about 0.56% of United States Cellular worth $30,121,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in USM. Jericho Capital Asset Management L.P. raised its stake in shares of United States Cellular by 2.0% during the fourth quarter. Jericho Capital Asset Management L.P. now owns 1,815,844 shares of the Wireless communications provider's stock valued at $113,890,000 after acquiring an additional 35,052 shares during the last quarter. Gabelli Funds LLC raised its position in United States Cellular by 0.4% during the 4th 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 during the last quarter. American Century Companies Inc. lifted its holdings in United States Cellular by 12.4% in the 4th quarter. American Century Companies Inc. now owns 464,685 shares of the Wireless communications provider's stock worth $29,145,000 after buying an additional 51,362 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of United States Cellular by 20.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 172,948 shares of the Wireless communications provider's stock worth $10,847,000 after buying an additional 29,927 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of United States Cellular by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 169,238 shares of the Wireless communications provider's stock valued at $10,620,000 after buying an additional 3,057 shares during the period. Institutional investors own 18.03% of the company's stock.

United States Cellular Stock Up 0.8 %

USM stock traded up $0.48 during midday trading on Friday, hitting $63.25. The stock had a trading volume of 232,597 shares, compared to its average volume of 194,581. The business has a 50-day moving average of $66.13 and a two-hundred day moving average of $64.24. 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 firm has a market cap of $5.38 billion, a price-to-earnings ratio of -175.69 and a beta of 0.39. United States Cellular Co. has a 52-week low of $41.25 and a 52-week high of $70.79.

United States Cellular (NYSE:USM - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $891.00 million for the quarter, compared to analysts' expectations of $924.90 million. As a group, equities research analysts forecast that United States Cellular Co. will post 0.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.