United States Cellular Co. (NYSE:USM) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC cut its holdings in shares of United States Cellular Co. (NYSE:USM - Free Report) by 70.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,884 shares of the Wireless communications provider's stock after selling 153,248 shares during the period. Bridgeway Capital Management LLC owned about 0.07% of United States Cellular worth $3,944,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Balyasny Asset Management L.P. purchased a new stake in shares of United States Cellular during the 4th quarter worth $740,000. Bank of America Corp DE lifted its position in shares of United States Cellular by 64.1% during the 4th quarter. Bank of America Corp DE now owns 14,791 shares of the Wireless communications provider's stock worth $928,000 after purchasing an additional 5,779 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of United States Cellular by 37.6% during the 4th quarter. BNP Paribas Financial Markets now owns 1,657 shares of the Wireless communications provider's stock worth $104,000 after purchasing an additional 453 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of United States Cellular by 0.6% during the 4th quarter. Ameriprise Financial Inc. now owns 227,397 shares of the Wireless communications provider's stock worth $14,262,000 after purchasing an additional 1,350 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in United States Cellular by 73.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 480,250 shares of the Wireless communications provider's stock valued at $30,121,000 after purchasing an additional 204,146 shares in the last quarter. 18.03% of the stock is currently owned by hedge funds and other institutional investors.

United States Cellular Stock Performance

Shares of USM stock traded up $0.48 during trading hours on Wednesday, hitting $60.33. The stock had a trading volume of 48,903 shares, compared to its average volume of 193,674. The firm has a market capitalization of $5.13 billion, a PE ratio of -167.58 and a beta of 0.39. United States Cellular Co. has a twelve month low of $41.25 and a twelve month high of $70.79. The stock's 50 day moving average is $65.95 and its 200 day moving average is $64.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39.

United States Cellular (NYSE:USM - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $891.00 million during 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%. As a group, research analysts forecast that United States Cellular Co. will post 0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

About United States Cellular

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.