United States Cellular Co. (NYSE:USM) Shares Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL increased its stake in United States Cellular Co. (NYSE:USM - Free Report) by 71.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,022 shares of the Wireless communications provider's stock after purchasing an additional 21,667 shares during the quarter. Tudor Investment Corp ET AL owned 0.06% of United States Cellular worth $3,263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aquatic Capital Management LLC boosted its stake in United States Cellular by 101.6% during the fourth quarter. Aquatic Capital Management LLC now owns 6,452 shares of the Wireless communications provider's stock valued at $405,000 after buying an additional 3,252 shares during the last quarter. First Trust Advisors LP increased its position in United States Cellular by 10.9% in the fourth quarter. First Trust Advisors LP now owns 60,930 shares of the Wireless communications provider's stock worth $3,822,000 after purchasing an additional 6,002 shares during the last quarter. CANADA LIFE ASSURANCE Co raised 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 valued at $454,000 after purchasing an additional 609 shares in the last quarter. Marshall Wace LLP bought a new position in United States Cellular during the fourth quarter valued at $2,569,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of United States Cellular by 3.6% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 46,350 shares of the Wireless communications provider's stock worth $2,907,000 after buying an additional 1,600 shares in the last quarter. 18.03% of the stock is currently owned by institutional investors.

United States Cellular Stock Performance

USM traded down $0.52 during midday trading on Thursday, hitting $63.00. 27,032 shares of the company were exchanged, compared to its average volume of 204,580. The company's 50 day simple moving average is $66.19 and its 200 day simple moving average is $64.16. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of -175.00 and a beta of 0.39. United States Cellular Co. has a 1-year low of $35.30 and a 1-year high of $70.79. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63.

United States Cellular (NYSE:USM - Get Free Report) last posted its earnings results on Friday, May 2nd. The Wireless communications provider reported $0.21 earnings per share 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 firm had revenue of $891.00 million for the quarter, compared to analysts' expectations of $924.90 million. As a group, sell-side analysts predict that United States Cellular Co. will post 0.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on USM. JPMorgan Chase & Co. boosted their price objective 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. StockNews.com upgraded United States Cellular from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Raymond James reissued an "outperform" rating and set a $78.00 target price (down previously from $83.00) on shares of United States Cellular in a research report on Monday.

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.