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

Tudor Investment Corp ET AL increased its holdings in shares of United States Cellular Co. (NYSE:USM - Free Report) by 71.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,022 shares of the Wireless communications provider's stock after buying an additional 21,667 shares during the quarter. Tudor Investment Corp ET AL owned about 0.06% of United States Cellular worth $3,263,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Amundi raised its holdings in United States Cellular by 17.6% in the fourth quarter. Amundi now owns 1,628 shares of the Wireless communications provider's stock valued at $99,000 after buying an additional 244 shares during the period. Swiss National Bank increased its position in shares of United States Cellular by 1.3% in the fourth quarter. Swiss National Bank now owns 31,300 shares of the Wireless communications provider's stock worth $1,963,000 after acquiring an additional 400 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of United States Cellular by 9.2% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 7,260 shares of the Wireless communications provider's stock valued at $454,000 after acquiring an additional 609 shares during the period. R Squared Ltd acquired a new position in shares of United States Cellular during the 4th quarter valued at $38,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in United States Cellular by 3.6% during 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 purchasing an additional 1,600 shares during the period. 18.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on USM shares. StockNews.com raised United States Cellular from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Raymond James reiterated an "outperform" rating and set a $78.00 target price (down from $83.00) on shares of United States Cellular in a report on Monday. Finally, 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 report on Monday, February 24th.

United States Cellular Stock Up 8.4 %

USM stock traded up $4.92 during mid-day trading on Tuesday, hitting $63.25. 498,304 shares of the company were exchanged, compared to its average volume of 208,711. The company has a market capitalization of $5.38 billion, a PE ratio of -175.70 and a beta of 0.39. The firm has a fifty day simple moving average of $66.27 and a 200 day simple moving average of $64.18. 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 Co. has a twelve month low of $34.00 and a twelve month high of $70.79.

United States Cellular (NYSE:USM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The Wireless communications provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.16). The firm had revenue of $891.00 million for the quarter, compared to analyst estimates of $924.90 million. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. On average, research analysts forecast that United States Cellular Co. will post 0.57 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.